PFG Advisors Has $3.85 Million Holdings in Palantir Technologies Inc. $PLTR

PFG Advisors increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.6% in the second quarter, HoldingsChannel reports. The firm owned 32,981 shares of the company’s stock after purchasing an additional 3,936 shares during the period. PFG Advisors’ holdings in Palantir Technologies were worth $3,848,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth about $29,000. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth about $29,000. Morton Brown Family Wealth LLC increased its holdings in shares of Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the last quarter. Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $32,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $174.04 on Friday. The business’s 50-day simple moving average is $134.60 and its 200-day simple moving average is $140.15. The firm has a market capitalization of $417.23 billion, a PE ratio of 148.75, a PEG ratio of 2.55 and a beta of 1.59. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data 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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.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 firm earned $0.16 EPS. The firm’s revenue was up 92.8% compared to the same quarter last year. Research analysts forecast that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction that occurred 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 transaction, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. The trade was a 99.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider owned 375,242 shares of the company’s stock, valued at approximately $51,047,921.68. This trade represents a 4.37% 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. Over the last quarter, insiders sold 1,150,302 shares of company stock worth $156,197,565. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PLTR shares. Benchmark restated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $205.00 to $151.00 in a report on Friday, May 1st. BTIG Research lowered shares of Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. Wedbush began coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They issued an “outperform” rating on the stock. Finally, Piper Sandler restated an “overweight” rating and issued a $230.00 price objective 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 have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.19.

Palantir Technologies Profile

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.