KMG Fiduciary Partners LLC Grows Position in Palantir Technologies Inc. $PLTR

KMG Fiduciary Partners LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,464 shares of the company’s stock after buying an additional 4,653 shares during the period. KMG Fiduciary Partners LLC’s holdings in Palantir Technologies were worth $4,954,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Milestone Asset Management LLC increased its stake in Palantir Technologies by 229.5% during the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after purchasing an additional 42,173 shares during the period. VCI Wealth Management LLC grew its holdings in shares of Palantir Technologies by 42.3% in the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after purchasing an additional 3,621 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $222,143,000. Vanguard Group Inc. lifted its holdings in Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares in the last quarter. Finally, KBC Group NV boosted its position in Palantir Technologies by 11.1% in the 4th quarter. KBC Group NV now owns 712,493 shares of the company’s stock valued at $126,646,000 after buying an additional 71,312 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 165,514 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $87,444,607.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 sale, the insider directly owned 592 shares in the company, valued at approximately $80,535.68. This represents a 99.82% decrease in their position. 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. Over the last three months, insiders have sold 1,150,302 shares of company stock worth $156,197,565. Insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLTR. Wedbush assumed coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. Roth Capital started coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating on the stock. Cantor Fitzgerald started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating on the stock. BNP Paribas Exane assumed coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an “underperform” rating for the company. Finally, Phillip Securities boosted their price objective on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.73.

Key Palantir Technologies News

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

• Positive Sentiment: Raised guidance reinforces the growth story. Palantir was identified as a Q2 earnings-season standout after raising its outlook. Articles indicate the guidance upgrade implies approximately $362 million of additional second-half revenue, helping investors reassess the company’s near-term earnings power. Q2 Earnings Season Standouts: 3 Companies Raising Guidance
• Positive Sentiment: AI-driven commercial momentum remains the main catalyst. Recent coverage highlights 93% year-over-year revenue growth, commercial revenue growth of 110%, government revenue growth of 79%, a 62% adjusted EBITDA margin, and $1.22 billion of free cash flow. Palantir’s open-weight model approach may also differentiate it from OpenAI and Anthropic by allowing customers to customize models on their own infrastructure and retain the resulting model weights. Palantir Q2: Karp Takes On The Two AI Labs
• Positive Sentiment: Analysts and investors remain bullish. Bank of America reportedly set a $255 price target, while other bullish research cited targets of $218 and $255. Coverage also points to a $13.1 billion backlog and substantial room to expand Palantir’s U.S. commercial business. BofA, JPMorgan, Oppenheimer Name Their Favorite AI Stocks
• Neutral Sentiment: Defense exposure is attracting attention. Palantir’s battlefield AI is reportedly helping the Pentagon accelerate target identification. However, the related missile shortage could benefit defense contractors such as Lockheed Martin and RTX more directly than Palantir. Palantir AI Boosts Pentagon Capabilities but Missile Shortage Benefits Contractors
• Negative Sentiment: Valuation and profit-taking are key risks. After a sharp rally, some investors have taken profits. Palantir trades at an elevated earnings multiple, so any slowdown in growth, weaker guidance, or margin pressure could trigger significant volatility. Michael Burry’s bearish AI positioning has also kept valuation concerns in focus. Palantir Stock Valuation Risk

Palantir Technologies Stock Up 1.9%

PLTR opened at $175.23 on Tuesday. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The business’s 50 day moving average is $132.05 and its two-hundred day moving average is $139.75. The firm has a market cap of $420.08 billion, a price-to-earnings ratio of 149.77, a price-to-earnings-growth ratio of 2.45 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 92.8% compared to the same quarter last year. Equities analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

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.