Burney Co. Has $2.04 Million Position in Palantir Technologies Inc. $PLTR

Burney Co. raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 188.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,531 shares of the company’s stock after purchasing an additional 11,463 shares during the period. Burney Co.’s holdings in Palantir Technologies were worth $2,045,000 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. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares during the period. State Street Corp raised its holdings in Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after acquiring an additional 1,126,418 shares during the period. Geode Capital Management LLC raised its holdings in Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after acquiring an additional 805,047 shares during the period. Norges Bank bought a new position in Palantir Technologies in the 4th quarter worth $5,149,641,000. Finally, Invesco Ltd. lifted its position in Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after acquiring an additional 616,297 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Blowout quarterly performance remains the primary catalyst. Palantir reported revenue of $1.94 billion, up 92.8% year over year and above the $1.81 billion consensus estimate. Adjusted earnings also exceeded expectations, while management raised its full-year outlook. The results reinforced confidence that growth in government and commercial AI applications is accelerating. Palantir Stock Forecast – How Much Upside Do Analysts Expect?
• Positive Sentiment: Artificial Intelligence Platform adoption is supporting the long-term growth narrative. Articles highlight Palantir’s AIP as a key driver of its shift from a primarily government contractor to a broader enterprise AI partner. Strong U.S. demand, sovereign AI spending and a growing commercial pipeline are fueling bullish forecasts, including expectations for continued earnings momentum. Palantir AIP Could Deliver a Powerful Shift in the Company’s Growth Trajectory
• Positive Sentiment: Market momentum and broader risk appetite are helping AI software names. Palantir was identified as breaking through a new buy point as investors favored AI-linked companies and remained optimistic about U.S. technology and defense demand. Palantir Shares Edge Higher Thursday: What’s Driving the Action?

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $179.01 on Friday. The company has a market cap of $429.14 billion, a PE ratio of 153.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.59. The firm has a fifty day moving average price of $133.83 and a two-hundred day moving average price of $139.92. 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 (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business’s revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. Analysts expect that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PLTR. Roth Capital began coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating for the company. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Citigroup cut Palantir Technologies from a “buy” rating to a “market perform” rating in a research report on Tuesday, August 4th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven 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 a consensus rating of “Moderate Buy” and an average target price of $192.19.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the transaction, the insider owned 592 shares in the company, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,150,302 shares of company stock valued at $156,197,565 in the last ninety days. 9.53% of the stock is owned by corporate insiders.

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.