843,110 Shares in Palantir Technologies Inc. $PLTR Purchased by Nykredit A S

Nykredit A S bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, HoldingsChannel reports. The fund bought 843,110 shares of the company’s stock, valued at approximately $98,366,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. InTrack Investment Management Inc boosted its holdings in shares of Palantir Technologies by 0.9% during the 2nd quarter. InTrack Investment Management Inc now owns 27,216 shares of the company’s stock valued at $3,175,000 after acquiring an additional 251 shares during the last quarter. EMC Capital Management purchased a new position in shares of Palantir Technologies during the second quarter valued at approximately $1,326,000. B. Metzler seel. Sohn & Co. AG boosted its holdings in Palantir Technologies by 2.7% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 181,673 shares of the company’s stock worth $21,196,000 after purchasing an additional 4,832 shares during the last quarter. Draper Asset Management LLC grew its position in Palantir Technologies by 58.1% in the 2nd quarter. Draper Asset Management LLC now owns 15,548 shares of the company’s stock worth $1,814,000 after purchasing an additional 5,716 shares during the period. Finally, Emergent Wealth Advisors LLC grew its position in Palantir Technologies by 3.2% in the 2nd quarter. Emergent Wealth Advisors LLC now owns 2,792 shares of the company’s stock worth $326,000 after purchasing an additional 86 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

Palantir Technologies Trading Down 5.8%

NASDAQ:PLTR opened at $169.46 on Thursday. The company has a market capitalization of $407.22 billion, a P/E ratio of 144.84, a P/E/G ratio of 2.54 and a beta of 1.62. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The business’s 50-day moving average is $147.48 and its 200 day moving average is $142.97.

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

Analysts Set New Price Targets

PLTR has been the topic of several research analyst reports. DA Davidson increased their price target on Palantir Technologies from $175.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Benchmark reissued a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Finally, Wedbush started coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.19.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 150,000 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $19,500,000.00. Following the completion of the transaction, the insider directly owned 599,899 shares of the company’s stock, valued at approximately $77,986,870. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the transaction, 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 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 720,166 shares of company stock valued at $116,825,178 over the last quarter. 9.53% of the stock is owned by insiders.

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.