Oppenheimer & Co. Inc. Purchases 10,223 Shares of Palantir Technologies Inc. $PLTR

Oppenheimer & Co. Inc. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 271,440 shares of the company’s stock after buying an additional 10,223 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Palantir Technologies were worth $31,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Basepoint Wealth LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth $29,000. Ballast Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter worth about $29,000. Morton Brown Family Wealth LLC raised its stake in 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 acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in Palantir Technologies during the first quarter valued at about $32,000. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

PLTR has been the subject of a number of research reports. Oppenheimer lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. DA Davidson boosted their price target on shares of Palantir Technologies from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Phillip Securities upped their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, UBS Group set a $215.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have issued 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.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $174.04 on Monday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The stock has a market capitalization of $418.23 billion, a PE ratio of 148.75, a P/E/G ratio of 2.48 and a beta of 1.59. The company’s 50 day simple moving average is $134.60 and its two-hundred day simple moving average is $139.96.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 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 business’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. On average, research analysts anticipate that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Key Headlines Impacting Palantir Technologies

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

Palantir Technologies 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.