Oppenheimer & Co. Inc. Boosts Stake in Palantir Technologies Inc. $PLTR

Oppenheimer & Co. Inc. lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 271,440 shares of the company’s stock after acquiring an additional 10,223 shares during the period. Oppenheimer & Co. Inc.’s holdings in Palantir Technologies were worth $31,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its stake in Palantir Technologies by 1.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 34,539 shares of the company’s stock valued at $4,030,000 after acquiring an additional 632 shares during the last quarter. Hodges Capital Management Inc. raised its position in Palantir Technologies by 1.9% during the second quarter. Hodges Capital Management Inc. now owns 85,048 shares of the company’s stock valued at $9,923,000 after purchasing an additional 1,597 shares in the last quarter. Cary Street Partners Financial LLC lifted its stake in Palantir Technologies by 49.1% during the second quarter. Cary Street Partners Financial LLC now owns 49,287 shares of the company’s stock worth $5,750,000 after purchasing an additional 16,224 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in Palantir Technologies by 59.8% during the second quarter. Rosenberg Matthew Hamilton now owns 935 shares of the company’s stock worth $109,000 after purchasing an additional 350 shares during the last quarter. Finally, Pachira Investments Inc. boosted its holdings in shares of Palantir Technologies by 20.7% in the 2nd quarter. Pachira Investments Inc. now owns 9,284 shares of the company’s stock worth $1,083,000 after purchasing an additional 1,594 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent research reports. DZ Bank initiated coverage on Palantir Technologies in a research report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price objective on the stock. Roth Capital assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating for the company. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $204.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, UBS Group set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.19.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director directly owned 54,107 shares in the company, valued at approximately $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,150,302 shares of company stock worth $156,197,565. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $174.04 on Monday. The stock has a market capitalization of $418.23 billion, a P/E ratio of 148.75, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. The stock’s 50-day moving average price is $134.60 and its 200-day moving average price is $139.96. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Trending Headlines about Palantir Technologies

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

Palantir Technologies Company 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.