IFP Advisors Inc Grows Stock Holdings in Palantir Technologies Inc. $PLTR

IFP Advisors Inc lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 14.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 92,086 shares of the company’s stock after purchasing an additional 11,312 shares during the quarter. IFP Advisors Inc’s holdings in Palantir Technologies were worth $10,744,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PLTR. Basepoint Wealth LLC purchased a new position in Palantir Technologies during the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies in the 4th quarter valued at $31,000. Wexford Capital LP acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth $36,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $35,000. Finally, Monetary Solutions Ltd purchased a new position in shares of Palantir Technologies during the 4th quarter worth $36,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 2.3%

Shares of PLTR opened at $170.30 on Wednesday. The company’s 50-day moving average price is $152.46 and its 200 day moving average price is $144.17. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The firm has a market cap of $409.24 billion, a P/E ratio of 145.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies’s revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLTR. Weiss Ratings reissued a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. UBS Group set a $215.00 target price on shares of Palantir Technologies in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $204.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 150,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $19,500,000.00. Following the completion of the sale, the insider owned 599,899 shares in the company, valued at approximately $77,986,870. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders sold 721,508 shares of company stock worth $117,070,093. Company insiders own 9.53% of the company’s stock.

Key Palantir Technologies News

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

• Positive Sentiment: Sovereign AI partnership: Palantir named Nebius Group its preferred sovereign AI infrastructure partner. Nebius will provide dedicated NVIDIA-powered GPU capacity, while Palantir’s AIP, Foundry and Apollo platforms will manage the software layer inside a secure enterprise perimeter. The arrangement could help Palantir win regulated government and corporate workloads without investing billions in data-center hardware. Palantir Names Nebius Its Preferred Sovereign AI Partner
• Positive Sentiment: Potential recurring demand: The partnership supports Palantir’s strategy of helping customers run proprietary or open-source AI models on dedicated infrastructure, reducing reliance on unpredictable pay-per-token fees. Data-residency rules and the EU AI Act could support demand for these localized deployments. Sovereign AI: Palantir and Nebius Cut the Cloud Cord
• Positive Sentiment: Strong operating momentum: Recent results showed revenue growth of roughly 93% year over year, with earnings and sales exceeding consensus estimates. Commentary highlighting Palantir’s continued ability to beat expectations and its strong August performance remains a support for the long-term growth case. This Could Be the AI Stock That Keeps Surprising Wall Street
• Neutral Sentiment: Market and analyst debate: A bullish rating upgrade argues that Palantir is becoming an important “meta-compute” layer for enterprise AI, while a separate analysis says the company may be running short of near-term catalysts and downgraded the stock. Investors are increasingly focused on whether partnership announcements translate into signed, recurring contracts.
• Negative Sentiment: Valuation and trading concerns: With a market capitalization above $400 billion and a very high price-to-earnings ratio, the stock’s growth expectations are demanding. Articles also revived Michael Burry’s criticism that Palantir’s economics may resemble consulting more than pure software, potentially limiting the valuation premium. Palantir and Nebius Team Up
• Negative Sentiment: Shareholder selling: Cathie Wood’s ARK Invest reduced its Palantir position while reallocating capital to other technology names. Although this does not change Palantir’s fundamentals, it adds to short-term selling pressure and investor caution. Cathie Wood Dumps $25 Million of Palantir Shares

Palantir Technologies Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.