Palantir Technologies Inc. $PLTR Shares Purchased by Draper Asset Management LLC

Draper Asset Management LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 58.1% in the 2nd quarter, Holdings Channel reports. The fund owned 15,548 shares of the company’s stock after purchasing an additional 5,716 shares during the period. Palantir Technologies makes up about 0.9% of Draper Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Draper Asset Management LLC’s holdings in Palantir Technologies were worth $1,814,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PLTR. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at $31,000. Wexford Capital LP acquired a new position in Palantir Technologies in the third quarter valued at $36,000. Prudent Man Investment Management Inc. acquired a new position in Palantir Technologies in the fourth quarter valued at $35,000. Finally, Monetary Solutions Ltd purchased a new position in Palantir Technologies during the fourth quarter worth about $36,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Roundup

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

• Positive Sentiment: U.S. Army TITAN award strengthens defense outlook: Palantir won an agreement to produce and deliver eight AI-enabled TITAN battlefield intelligence ground stations. Reports value Palantir’s portion at approximately $127 million within a broader $192 million production award shared with Anduril. The contract moves TITAN into production and supports Palantir’s position in software-defined defense. Palantir to Deliver Eight TITAN Systems to the U.S. Army
• Positive Sentiment: Commercial and financial-services expansion remains a catalyst: Former AIG Chairman and CEO Peter Zaffino will join Palantir in January 2027 as Global Head of Financial Services. The appointment could help accelerate enterprise adoption, although some valuation analysis suggests the hiring news may already be reflected in the share price. Peter Zaffino to Join Palantir Technologies as Global Head of Financial Services
• Positive Sentiment: Some analysts remain bullish: Zacks upgraded Palantir to Rank #1, or Strong Buy, citing improving earnings prospects. Jim Cramer also pointed to Palantir’s Rule of 40 performance, while Baird maintained an Outperform view and a $200 price target following a product demonstration. Palantir Technologies Upgraded to Strong Buy
• Neutral Sentiment: Leadership is increasing its defense-tech exposure: CEO Alex Karp is backing a new defense-technology venture led by former Ukrainian defense official Mykhailo Fedorov. The move may expand Palantir’s strategic network, but it is not an immediate revenue catalyst for PLTR. Palantir CEO Alex Karp backs new defense-tech startup
• Negative Sentiment: Profit-taking and institutional selling are weighing on the shares: Palantir gained roughly 48% in August, prompting investors to lock in gains. ARK Invest also sold about $26 million of PLTR stock, adding to near-term supply. Palantir stock falls as investors take profit
• Negative Sentiment: Valuation remains the central concern: With a market capitalization above $400 billion and a price-to-earnings ratio near 145, the stock is priced for sustained high growth. Analysts are questioning whether recent gains leave insufficient room for execution missteps, while a downgrade after reaching a price target has reinforced caution. Why Palantir’s stock is suffering its worst slump since February
• Negative Sentiment: Competitive and sector pressures are adding to the pullback: Google’s push into markets that overlap with Palantir’s profitable AI and government-software businesses raises a longer-term competitive risk. Broad selling across software stocks is amplifying the effect, even as the Army contract provides supportive fundamentals. Palantir Stock Gets New Problem From Google

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 492,348 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider directly owned 58,171 shares of the company’s stock, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 720,166 shares of company stock valued at $116,825,178. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Trading Down 5.8%

Shares of Palantir Technologies stock opened at $169.46 on Thursday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The stock has a market capitalization of $407.22 billion, a P/E ratio of 144.84, a PEG ratio of 2.54 and a beta of 1.62. The business’s fifty day moving average price is $147.48 and its 200 day moving average price is $142.97.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results 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 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 quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on PLTR shares. Wedbush started coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an “outperform” rating on the stock. Mizuho upped their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Palantir Technologies in a report on Friday, July 24th. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a $80.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

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.