Proficio Capital Partners LLC Makes New Investment in Palantir Technologies Inc. $PLTR

Proficio Capital Partners LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,206 shares of the company’s stock, valued at approximately $1,074,000.

Other institutional investors have also modified their holdings of the company. Palogic Value Management L.P. acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth about $583,000. Perennial Investment Advisors LLC boosted its stake in Palantir Technologies by 13.9% during the 2nd quarter. Perennial Investment Advisors LLC now owns 47,089 shares of the company’s stock valued at $5,494,000 after purchasing an additional 5,748 shares during the period. Ausdal Financial Partners Inc. grew its position in Palantir Technologies by 1.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 61,832 shares of the company’s stock worth $7,214,000 after purchasing an additional 1,068 shares during the last quarter. Bank of America Corp DE grew its position in Palantir Technologies by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after purchasing an additional 180,486 shares during the last quarter. Finally, Blodgett Wealth Advisors LLC increased its stake in shares of Palantir Technologies by 175.9% in the second quarter. Blodgett Wealth Advisors LLC now owns 4,760 shares of the company’s stock valued at $555,000 after purchasing an additional 3,035 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 150,000 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $19,500,000.00. Following the transaction, the insider owned 599,899 shares of the company’s stock, valued at approximately $77,986,870. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, insider Jeffrey Buckley sold 2,055 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 58,171 shares of the company’s stock, valued at approximately $10,170,035.93. This represents a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 723,431 shares of company stock worth $117,330,908. 9.53% of the stock is owned by corporate insiders.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLTR. Roth Capital assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Citigroup cut Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. BNP Paribas Exane initiated coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an “underperform” rating on the stock. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Finally, Phillip Securities upped their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

Palantir Technologies Stock Up 2.8%

Shares of Palantir Technologies stock opened at $177.50 on Thursday. The firm has a market cap 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. The business has a fifty day simple moving average of $141.46 and a 200-day simple moving average of $141.39. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two 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, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 92.8% on a year-over-year basis. Analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

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.