Palantir Technologies Inc. $PLTR Shares Purchased by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.9% during the second quarter, Holdings Channel reports. The firm owned 47,089 shares of the company’s stock after purchasing an additional 5,748 shares during the period. Perennial Investment Advisors LLC’s holdings in Palantir Technologies were worth $5,494,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. PFA Pension Forsikringsaktieselskab acquired a new stake in Palantir Technologies in the 4th quarter valued at $222,143,000. Global Retirement Partners LLC grew its stake in shares of Palantir Technologies by 6.8% in the fourth quarter. Global Retirement Partners LLC now owns 79,282 shares of the company’s stock valued at $14,092,000 after buying an additional 5,070 shares in the last quarter. Income Insurance Ltd purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $1,228,000. Sun Financial Inc purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $1,282,000. Finally, Schnieders Capital Management LLC. lifted its position in Palantir Technologies by 36.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after acquiring an additional 1,694 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $177.50 on Thursday. The company has a market capitalization of $426.54 billion, a price-to-earnings ratio of 151.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The company’s fifty day moving average price is $141.46 and its two-hundred day moving average price is $141.39.

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

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: William Blair reiterated a Buy rating, citing Palantir’s Maven smart-system program, which the firm believes is on track to reach $1 billion in annual recurring revenue. The analyst also sees potential support from renewed defense spending and a possible return toward the low-$200s. William Blair Maven analysis
• Positive Sentiment: Maven’s designation as an official Pentagon program of record could provide more durable, multi-year budget support as the platform expands across the military. That status strengthens the long-term government revenue outlook. Palantir Maven Pentagon program
• Positive Sentiment: The stock’s recent advance is being supported by its latest “blowout” quarter: revenue rose 92.8% year over year to $1.94 billion, while adjusted earnings of $0.41 per share exceeded the $0.34 consensus estimate. Strong commercial demand, government relationships and Palantir’s AI platform remain central to the bullish thesis. Palantir rally analysis
• Neutral Sentiment: Options activity around the September 18 expiration is unusually heavy, suggesting traders expect another significant move. This may increase volatility without establishing a clear fundamental direction. Palantir September options analysis
• Negative Sentiment: CEO Alexander Karp sold approximately $86.1 million of shares, while other insiders also reported sales. The transactions were made under pre-arranged Rule 10b5-1 plans and partly covered tax obligations, but the timing may reinforce concerns that executives are monetizing the sharp rally. Alexander Karp stock sale
• Negative Sentiment: Michael Burry has added to his Palantir short position, arguing that the company’s valuation is difficult to justify. With PLTR trading at roughly 150 times earnings after a gain of more than 40% in a month, analysts and investors remain divided over whether future growth can support the price. Michael Burry Palantir short position

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director owned 54,107 shares in the company, valued at $8,927,655. This trade represents 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. Insiders have sold a total of 723,431 shares of company stock worth $117,330,908 in the last quarter. Insiders own 9.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PLTR. Benchmark restated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. BTIG Research lowered shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research note on Tuesday, August 11th. Finally, UBS Group set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.