Proficio Capital Partners LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,206 shares of the company’s stock, valued at approximately $1,074,000.
Several other large investors also recently added to or reduced their stakes in the stock. Basepoint Wealth LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at $29,000. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies during the 4th quarter valued at about $31,000. Wexford Capital LP purchased a new stake in shares of Palantir Technologies in the third quarter valued at approximately $36,000. Prudent Man Investment Management Inc. bought a new position in shares of Palantir Technologies during the 4th quarter worth $35,000. Finally, Monetary Solutions Ltd bought a new position in Palantir Technologies during the 4th quarter worth about $36,000. 45.65% of the stock is owned by institutional investors.
Insider Buying and Selling at Palantir Technologies
In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the sale, the director directly owned 54,107 shares in the company, valued at $8,927,655. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the sale, the insider owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 720,166 shares of company stock worth $116,825,178 over the last three months. 9.53% of the stock is owned by corporate insiders.
Palantir Technologies Stock Performance
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $0.16 earnings per share. The company’s quarterly revenue was up 92.8% on a year-over-year basis. Sell-side analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on PLTR. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of Palantir Technologies in a research report on Thursday, July 30th. Benchmark reissued a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. UBS Group set a $215.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 11th. Finally, President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.19.
View Our Latest Stock Report on Palantir Technologies
Palantir Technologies News Roundup
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: The U.S. Army awarded Palantir’s wholly owned subsidiary a prime agreement to produce and deliver eight TITAN ground-station systems, an AI- and machine-learning-enabled platform for deep sensing and battlefield targeting. A separate report valued the broader Palantir-Anduril production award at $192 million, reinforcing Palantir’s position in modern defense procurement. Palantir to Deliver Eight TITAN Systems to the U.S. Army
- Positive Sentiment: Baird analyst William Power reiterated an Outperform rating and a $200 price target after a technology demonstration, arguing that Palantir’s ontology could provide a durable competitive advantage as basic AI models become commoditized. As AI Models Become Commoditized, Palantir Is Betting Its Ontology Is the New Moat
- Positive Sentiment: Analysts and investors continue to highlight Palantir’s commercial momentum. One forecast suggests commercial revenue could exceed government revenue before 2027, while separate coverage noted a 24% increase in customers to 1,049. The potential revenue mix shift could reduce dependence on government budgets and support faster long-term growth. Can Palantir’s Customer Surge Sustain Its AI-Driven Growth Momentum?
- Neutral Sentiment: Palantir CEO Alex Karp is reportedly backing a new Ukrainian defense-technology company led by former defense minister Mykhailo Fedorov. The investment may strengthen Palantir’s international defense relationships, but its direct financial effect on PLTR remains unclear. Ukraine’s Fedorov says Palantir CEO will be first major investor in new defence company
- Negative Sentiment: ARK Invest sold approximately $26 million of Palantir shares after the stock’s strong rally, reallocating capital to other technology and cryptocurrency-related investments. The sale may add near-term selling pressure and signals that some investors are taking profits. Cathie Wood Dumps Palantir Shares Worth $26 Million
- Negative Sentiment: Valuation remains the central risk. PLTR trades at roughly 154 times earnings after quarterly revenue surged 92.8% year over year to $1.94 billion, meaning sustained high growth and margins are likely required to justify the share price. Analysts also caution that contract concentration and government procurement timing could create volatility.
About Palantir Technologies
Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.
Palantir’s product portfolio centers on a small number of core platforms.
Read More
- Five stocks we like better than Palantir Technologies
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
