Edgestream Partners L.P. Buys New Position in Palantir Technologies Inc. $PLTR

Edgestream Partners L.P. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 1st quarter, Holdings Channel reports. The fund bought 9,816 shares of the company’s stock, valued at approximately $1,436,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Jennison Associates LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $1,574,111,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after acquiring an additional 7,678,747 shares in the last quarter. State Street Corp increased its stake in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. lifted its position in shares of 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 acquiring an additional 5,938,343 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 2.1%

Palantir Technologies stock opened at $125.65 on Tuesday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The firm has a market capitalization of $301.22 billion, a price-to-earnings ratio of 141.18, a price-to-earnings-growth ratio of 1.97 and a beta of 1.59. The firm’s fifty day moving average price is $130.16 and its two-hundred day moving average price is $140.04.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business’s revenue was up 92.8% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 1.17 EPS for the current year.

Trending Headlines about Palantir Technologies

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

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 17,128 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 transaction of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares in the company, valued at approximately $51,047,921.68. The trade was a 4.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 $54,109,093.76. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This trade represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $150,247,785 in the last 90 days. Company insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of several research analyst reports. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. BTIG Research lowered shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. 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 note on Wednesday, May 6th. Benchmark lowered Palantir Technologies to a “hold” rating in a research report on Tuesday, June 16th. Finally, Wolfe Research upgraded Palantir Technologies from an “underperform” rating to a “peer perform” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.88.

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.