McAdam LLC Has $2.34 Million Position in Palantir Technologies Inc. $PLTR

McAdam LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 33.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,048 shares of the company’s stock after purchasing an additional 5,012 shares during the period. McAdam LLC’s holdings in Palantir Technologies were worth $2,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PLTR. Basepoint Wealth LLC bought a new stake in Palantir Technologies during the 4th quarter worth about $29,000. Ballast Advisors LLC bought a new position in shares of Palantir Technologies in the first quarter worth about $29,000. Morton Brown Family Wealth LLC raised its stake in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $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 fourth quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $32,000. 45.65% of the stock is owned by institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s latest quarterly results remain the primary bullish catalyst. Revenue increased roughly 93% year over year to $1.94 billion, while earnings exceeded analyst expectations, reinforcing confidence in demand for its AI software platforms. Q2 Earnings Season Standout Performers: PLTR, MSFT
• Positive Sentiment: Several bullish commentaries argue that Pentagon AI spending and continued commercial expansion could support further gains. One valuation analysis estimates the shares may still be modestly undervalued if defense-related momentum persists, while other analysts have upgraded their outlook after the strong earnings report. Palantir Stock May Be 9% Undervalued on Pentagon AI Momentum
• Neutral Sentiment: Long-term articles focus on whether Palantir can become a trillion-dollar company. That outcome would require the company to sustain very high growth for years, expand its customer base, and convert AI enthusiasm into durable profits; these are possibilities rather than near-term catalysts. Is Palantir the Next Trillion-Dollar Stock?
• Negative Sentiment: Valuation is the key headwind. Palantir is trading at extremely elevated earnings and sales multiples, prompting comparisons with software stocks that later experienced sharp corrections after reaching similar levels. Higher Treasury yields also make expensive, long-duration growth stocks less attractive. Palantir Trades at 74x Sales
• Negative Sentiment: Investor Michael Burry has reportedly renewed bearish put positions, citing Palantir’s valuation and stock-based compensation. Although this does not change the company’s fundamentals, it adds visibility to the bear case and may encourage profit-taking after the stock’s strong run. Michael Burry Is Betting Against Palantir Again

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $171.54 on Wednesday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The company has a 50 day moving average of $136.11 and a 200-day moving average of $140.11. The stock has a market cap of $412.22 billion, a price-to-earnings ratio of 146.62, a P/E/G ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share 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 the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. Palantir Technologies’s revenue for the quarter was up 92.8% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research analyst reports. Citigroup cut shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a report on Tuesday, August 11th. BTIG Research lowered Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group reissued a “neutral” rating and issued a $204.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Wolfe Research initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Insider Buying and Selling at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total value of $190,752.80. Following the transaction, the insider owned 60,226 shares of the company’s stock, valued at $7,757,108.80. This represents a 2.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade represents a 5.16% 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. In the last 90 days, insiders sold 228,608 shares of company stock worth $30,810,313. Insiders own 9.53% of the company’s stock.

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.