Milestone Asset Management LLC Has $2.62 Million Holdings in Palantir Technologies Inc. $PLTR

Milestone Asset Management LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 27.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,465 shares of the company’s stock after purchasing an additional 4,778 shares during the period. Milestone Asset Management LLC’s holdings in Palantir Technologies were worth $2,621,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PLTR. Basepoint Wealth LLC acquired a new stake in Palantir Technologies during the fourth quarter worth $29,000. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $29,000. Morton Brown Family Wealth LLC raised its stake in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth about $31,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth about $32,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 2.8%

Shares of Palantir Technologies stock opened at $174.04 on Friday. The stock has a market capitalization of $418.23 billion, a P/E ratio of 148.75, a price-to-earnings-growth ratio of 2.55 and a beta of 1.59. The company has a 50-day simple moving average of $134.60 and a 200 day simple moving average of $140.15. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during 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 firm’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday. Finally, Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Key Palantir Technologies News

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

Insider Activity

In other news, insider Jeffrey Buckley sold 1,481 shares of the business’s stock in a transaction that occurred 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 directly owned 60,226 shares of the company’s stock, valued at $7,757,108.80. The trade was a 2.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider owned 592 shares in the company, valued at approximately $80,535.68. This trade 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. In the last ninety days, insiders sold 1,150,302 shares of company stock worth $156,197,565. Corporate insiders own 9.53% of the company’s stock.

About Palantir Technologies

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.