Noble Wealth Management PBC Purchases New Position in Palantir Technologies Inc. $PLTR

Noble Wealth Management PBC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,925 shares of the company’s stock, valued at approximately $808,000.

A number of other hedge funds have also bought and sold shares of PLTR. Norges Bank purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $5,149,641,000. Jennison Associates LLC purchased a new stake in Palantir Technologies during the 1st quarter worth about $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its stake in Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares during the period. State Street Corp boosted its stake in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Finally, Cardano Risk Management B.V. grew its holdings in Palantir Technologies by 917.4% during the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after buying an additional 5,938,343 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $125.65 on Tuesday. The company’s fifty day moving average price is $130.16 and its 200-day moving average price is $140.04. The firm has a market capitalization of $301.22 billion, a price-to-earnings ratio of 141.18, a PEG ratio of 1.97 and a beta of 1.59. Palantir Technologies Inc. has a one year low of $106.37 and a one year 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 analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company 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 EPS. The firm’s revenue was up 92.8% compared to the same quarter last year. As a group, equities research analysts expect that Palantir Technologies Inc. will post 1.17 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider directly owned 592 shares in the company, valued at $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their position. 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 have sold 1,112,270 shares of company stock valued at $150,247,785 over the last 90 days. Company insiders own 9.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PLTR. Benchmark cut shares of Palantir Technologies to a “hold” rating in a report on Tuesday, June 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. Phillip Securities boosted their target price on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. Finally, Mizuho lowered their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $189.88.

More Palantir Technologies News

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

• Positive Sentiment: Q2 results beat expectations. Palantir reported adjusted earnings of $0.41 per share versus the $0.35 consensus estimate, while revenue reached approximately $1.94 billion, above the $1.81 billion forecast. Revenue rose 93% year over year, and GAAP net income exceeded $1 billion. Palantir posts blowout Q2 numbers
• Positive Sentiment: U.S. commercial growth accelerated sharply. U.S. commercial revenue surged 149% year over year to $764 million, reinforcing evidence that demand for Palantir’s AI platform is expanding beyond government contracts. U.S. total revenue increased 115%. The Most Important Number in Palantir’s Earnings Report
• Positive Sentiment: Management raised guidance above Wall Street expectations. Palantir now expects fiscal 2026 revenue of roughly $8.15 billion to $8.16 billion, representing about 82% growth, compared with consensus near $7.7 billion. U.S. commercial revenue is projected to grow at least 134%, while third-quarter revenue guidance also topped estimates. Palantir raises annual revenue forecast
• Positive Sentiment: Operating leverage remained strong. Palantir reported a 47% GAAP operating margin and a 62% adjusted operating margin, closed 220 contracts worth at least $1 million, and held $9.2 billion in cash and short-term Treasuries. A new Mercury Systems partnership could also support defense and factory-automation demand. Palantir Q2 2026 results
• Neutral Sentiment: CEO Alex Karp renewed criticism of frontier AI laboratories, arguing that enterprises need greater control over their data and AI models. The comments reinforce Palantir’s “AI sovereignty” positioning but could increase controversy around management’s public messaging. Palantir CEO discusses the AI industry
• Negative Sentiment: Valuation and selling risks remain. Palantir trades at a very high earnings multiple, leaving the stock vulnerable if growth slows or guidance disappoints. Reports also highlighted substantial insider selling with no reported insider purchases over the past six months, while scrutiny of the company’s U.K. NHS data-platform work remains an overhang. Palantir faces valuation concerns

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.