Cache Advisors LLC Raises Stock Position in Palantir Technologies Inc. $PLTR

Cache Advisors LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 30.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,096 shares of the company’s stock after buying an additional 21,018 shares during the period. Palantir Technologies makes up about 0.9% of Cache Advisors LLC’s portfolio, making the stock its 17th largest position. Cache Advisors LLC’s holdings in Palantir Technologies were worth $10,512,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC grew its holdings in Palantir Technologies by 1.2% in the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company’s stock worth $966,000 after purchasing an additional 65 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Palantir Technologies by 0.4% during the fourth quarter. Verdence Capital Advisors LLC now owns 17,574 shares of the company’s stock worth $3,124,000 after purchasing an additional 67 shares in the last quarter. Financial Partners Group Inc lifted its holdings in shares of Palantir Technologies by 1.8% during the 4th quarter. Financial Partners Group Inc now owns 3,802 shares of the company’s stock valued at $676,000 after purchasing an additional 68 shares during the last quarter. LifeSteps Financial Inc. lifted its holdings in shares of Palantir Technologies by 4.9% during the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company’s stock valued at $217,000 after purchasing an additional 69 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. lifted its holdings in shares of Palantir Technologies by 4.0% during the 1st quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company’s stock valued at $264,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the sale, the director owned 54,107 shares in the company, valued at approximately $8,927,655. The trade was a 5.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the transaction, the insider directly owned 60,226 shares in the company, valued at $7,757,108.80. This represents a 2.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,150,302 shares of company stock worth $156,197,565 in the last 90 days. 9.53% of the stock is owned by company insiders.

Palantir Technologies Trading Up 4.7%

NASDAQ:PLTR opened at $179.01 on Friday. The company has a market capitalization of $429.14 billion, a P/E ratio of 153.00, a PEG ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm has a fifty day simple moving average of $133.83 and a 200-day simple moving average of $139.92.

Palantir Technologies (NASDAQ:PLTR) last released its 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 for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm’s revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Equities analysts forecast that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PLTR. Phillip Securities boosted their target price on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Mizuho increased their price target on Palantir Technologies from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. William Blair started coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “neutral” rating for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $204.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Wedbush started coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and an average target price of $192.19.

Key Stories Impacting Palantir Technologies

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 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.