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

Pacific Heights Asset Management LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,425,000 shares of the company’s stock after acquiring an additional 65,000 shares during the period. Palantir Technologies comprises about 5.3% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 4th largest holding. Pacific Heights Asset Management LLC’s holdings in Palantir Technologies were worth $166,255,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC increased its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC increased its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after buying an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP bought a new stake in Palantir Technologies in the second quarter valued at approximately $315,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BTIG Research downgraded Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Wolfe Research began coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating for the company. Oppenheimer cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. UBS Group set a $215.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 11th. Finally, Piper Sandler reissued an “overweight” rating and issued a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.19.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Maven is emerging as a major growth catalyst. Palantir’s Maven Smart System is reportedly approaching a $1 billion annual revenue run rate, supported by a $244 million Pentagon funding increase through March 2027. Its designation as a program of record could provide access to as much as $2.3 billion in funding over five years. Palantir’s Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Operating metrics remain unusually strong. A report highlighted Palantir’s 155% second-quarter fiscal 2026 Rule of 40 score—revenue growth plus adjusted operating margin—far above the 40% benchmark commonly used for healthy software companies. This reinforces the bullish case for buying on pullbacks. This 1 Number Proves Why You Should Buy Palantir on Every Dip
• Positive Sentiment: Recent earnings and guidance upgrades continue to support sentiment. Palantir reported better-than-expected quarterly results, raised full-year revenue guidance and continues to benefit from expansion across its government and commercial platforms. How Pentagon Maven Deal And Raised Guidance Changed Palantir’s Investment Story
• Positive Sentiment: Analyst support is adding momentum. William Blair maintained a Buy rating, citing Maven’s path toward $1 billion in annual recurring revenue and favorable defense-spending trends. Palantir Earns Buy Rating as Maven Nears Billion-Dollar Status
• Neutral Sentiment: Analysts remain divided. While some see further upside from AI and defense demand, others question whether the stock’s recent rally is fully supported by new information, since many contracts and growth trends were already public. Analysts Conflicted on Palantir and Intuit
• Negative Sentiment: Insider selling remains a risk. CEO Alexander Karp sold nearly $86 million of shares, while co-founder Peter Thiel has reduced his stake over time. These sales may pressure sentiment even though Thiel remains a major shareholder. Palantir CEO Alexander Karp Sells $86 Million in Stock
• Negative Sentiment: Valuation leaves little room for disappointment. Commentators note that Palantir trades at demanding earnings and sales multiples; investor Michael Burry has reportedly added to a PLTR short position. Michael Burry Adds to Palantir Short Position

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the transaction, the director directly owned 54,107 shares of the company’s stock, valued at $8,927,655. The trade was a 5.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders have sold 721,764 shares of company stock valued at $117,080,858. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 4.7%

Shares of Palantir Technologies stock opened at $185.93 on Friday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The company has a 50-day simple moving average of $142.60 and a two-hundred day simple moving average of $141.74. The stock has a market capitalization of $446.80 billion, a price-to-earnings ratio of 158.91, a price-to-earnings-growth ratio of 2.51 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue was up 92.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share 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.