Waverly Advisors LLC Buys 12,033 Shares of Palantir Technologies Inc. $PLTR

Waverly Advisors LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 36.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,431 shares of the company’s stock after purchasing an additional 12,033 shares during the period. Waverly Advisors LLC’s holdings in Palantir Technologies were worth $6,646,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $5,149,641,000. Jennison Associates LLC acquired a new stake in Palantir Technologies during the 1st quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership raised its position in Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after purchasing an additional 7,678,747 shares during the last quarter. State Street Corp raised its position in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. Finally, Cardano Risk Management B.V. raised its position in Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after purchasing an additional 5,938,343 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Oppenheimer maintained its bullish outlook, reiterating an Outperform rating and a $200 price target. The firm expects Palantir to deliver a solid second-quarter earnings beat and potentially raise its outlook, with revenue growth of roughly 85% supporting the case. Oppenheimer Lays Out Expectations for Palantir Stock Ahead of August 3 Earnings
• Positive Sentiment: Strong operating momentum is attracting buyers ahead of the August 3 earnings release. Recent results showed revenue growth above 80%, while analysts and bullish commentators believe commercial adoption of Palantir’s AI platform could support another meaningful beat. Several published price targets remain well above the current trading level, including Oppenheimer’s $200 target. Palantir Stock Surges as Oppenheimer Predicts Strong Q2 Earnings Beat
• Positive Sentiment: Palantir’s AI infrastructure and software positioning remains a long-term catalyst. Commentary contrasting Palantir with hardware-focused technology companies suggests that continued spending on AI infrastructure could increase demand for the software and operating systems that run on top of it. IBM Fell 25% as Hardware Spending Dominated AI Budgets

Insiders Place Their Bets

In other news, insider Alexander C. Karp sold 397,744 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,112,270 shares of company stock worth $150,247,785 over the last three months. Insiders own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PLTR shares. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. DA Davidson reiterated a “buy” rating and set a $175.00 price target on shares of Palantir Technologies in a research report on Friday, July 17th. President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Argus raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Wednesday, May 6th. Finally, Mizuho lowered their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $189.88.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $131.53 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm has a market capitalization of $315.32 billion, a P/E ratio of 147.79, a P/E/G ratio of 1.96 and a beta of 1.56. The company’s 50 day simple moving average is $131.48 and its 200 day simple moving average is $141.99.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The business’s quarterly revenue was up 84.7% compared to the same quarter last year. Sell-side analysts expect that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

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.