NewEdge Advisors LLC Raises Stake in Palantir Technologies Inc. $PLTR

NewEdge Advisors LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 548,759 shares of the company’s stock after buying an additional 84,071 shares during the quarter. NewEdge Advisors LLC’s holdings in Palantir Technologies were worth $64,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at $450,000. Bison Wealth LLC lifted its holdings in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after buying an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP acquired a new stake in Palantir Technologies during the second quarter worth about $315,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the sale, the insider owned 58,171 shares of the company’s stock, valued at $10,170,035.93. This trade represents a 3.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Shyam Sankar sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the completion of the sale, the insider directly owned 599,899 shares in the company, valued at approximately $77,986,870. This trade represents a 20.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 721,508 shares of company stock worth $117,070,093. 9.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent analyst reports. Citigroup downgraded Palantir Technologies from a “buy” rating to a “market perform” rating in a research report on Tuesday, August 4th. President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. UBS Group set a $215.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 11th. Finally, Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $170.30 on Wednesday. The company has a market capitalization of $409.24 billion, a price-to-earnings ratio of 145.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.62. The company’s 50 day simple moving average is $152.46 and its 200-day simple moving average is $144.17. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 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, 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 company’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 EPS. Equities analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Sovereign AI partnership: Palantir named Nebius Group its preferred sovereign AI infrastructure partner. Nebius will provide dedicated NVIDIA-powered GPU capacity, while Palantir’s AIP, Foundry and Apollo platforms will manage the software layer inside a secure enterprise perimeter. The arrangement could help Palantir win regulated government and corporate workloads without investing billions in data-center hardware. Palantir Names Nebius Its Preferred Sovereign AI Partner
• Positive Sentiment: Potential recurring demand: The partnership supports Palantir’s strategy of helping customers run proprietary or open-source AI models on dedicated infrastructure, reducing reliance on unpredictable pay-per-token fees. Data-residency rules and the EU AI Act could support demand for these localized deployments. Sovereign AI: Palantir and Nebius Cut the Cloud Cord
• Positive Sentiment: Strong operating momentum: Recent results showed revenue growth of roughly 93% year over year, with earnings and sales exceeding consensus estimates. Commentary highlighting Palantir’s continued ability to beat expectations and its strong August performance remains a support for the long-term growth case. This Could Be the AI Stock That Keeps Surprising Wall Street
• Neutral Sentiment: Market and analyst debate: A bullish rating upgrade argues that Palantir is becoming an important “meta-compute” layer for enterprise AI, while a separate analysis says the company may be running short of near-term catalysts and downgraded the stock. Investors are increasingly focused on whether partnership announcements translate into signed, recurring contracts.
• Negative Sentiment: Valuation and trading concerns: With a market capitalization above $400 billion and a very high price-to-earnings ratio, the stock’s growth expectations are demanding. Articles also revived Michael Burry’s criticism that Palantir’s economics may resemble consulting more than pure software, potentially limiting the valuation premium. Palantir and Nebius Team Up
• Negative Sentiment: Shareholder selling: Cathie Wood’s ARK Invest reduced its Palantir position while reallocating capital to other technology names. Although this does not change Palantir’s fundamentals, it adds to short-term selling pressure and investor caution. Cathie Wood Dumps $25 Million of Palantir Shares

Palantir Technologies Company Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.