Breakwater Capital Group Makes New $1.84 Million Investment in Palantir Technologies Inc. $PLTR

Breakwater Capital Group acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,855 shares of the company’s stock, valued at approximately $1,843,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares during the last quarter. State Street Corp increased its position in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after buying an additional 2,863,874 shares during the period. Invesco Ltd. lifted its stake in Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after purchasing an additional 616,297 shares in the last quarter. Bank of America Corp DE raised its position in shares of Palantir Technologies by 1.0% in the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after buying an additional 180,486 shares in the last quarter. Finally, Amundi raised its holdings in shares of Palantir Technologies by 7.4% in the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after acquiring an additional 1,212,653 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. DA Davidson raised their target price on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of Palantir Technologies in a report on Friday, July 24th. Wedbush began coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an “outperform” rating for the company. Finally, UBS Group raised their target price on Palantir Technologies from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $198.75.

Palantir Technologies Stock Up 2.4%

PLTR opened at $198.78 on Friday. The firm has a 50 day moving average price of $176.28 and a 200-day moving average price of $149.88. The stock has a market capitalization of $477.68 billion, a price-to-earnings ratio of 169.90, a PEG ratio of 2.73 and a beta of 1.60. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, analysts expect that Palantir Technologies Inc. will post 1.28 earnings per share for the current year.

More Palantir Technologies News

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and assigned a $230 price target. Analyst Gabriela Borges cited expanding demand for sovereign AI, customized applications and specialized industry solutions, which could significantly enlarge Palantir’s addressable market. Palantir Gets Goldman Sachs Upgrade as Sovereign AI Opens New Market
• Positive Sentiment: The upgrade reinforces a broader bullish analyst narrative. Dan Ives has named Palantir a top artificial intelligence pick, while Yorkville Ives reportedly initiated coverage with a $250 target. Investors are increasingly viewing Palantir as a beneficiary of rising enterprise and government demand for AI infrastructure and software. Dan Ives Thinks AI Buildout Is Still in Early Stages
• Positive Sentiment: Recent coverage highlights Palantir’s expanding Maven-related defense work, Foundry deployments and sovereign AI initiatives. A Foundry implementation at Ocean Power Technologies also demonstrates potential for Palantir’s software to support operational scaling across commercial and international markets. Could Palantir Foundry Be a Turning Point for Ocean Power Technologies?
• Neutral Sentiment: Long-term stock comparisons remain mixed. Palantir is viewed as a leading profitable AI software company, but other companies may offer faster growth or lower valuations over the next five years. The debate underscores the importance of sustaining strong revenue growth to justify PLTR’s premium multiple. Here’s Where Palantir and Other AI Software Stocks Could Be in Five Years
• Negative Sentiment: Valuation remains the principal risk. With the shares trading near their 52-week high and at a very elevated earnings multiple, even modestly slower growth, rising costs or weaker contract momentum could trigger significant volatility.
• Negative Sentiment: Zacks Research cut its rating from Strong Buy to Hold, while reported insider activity shows substantial selling and no open-market purchases during the past six months. These factors may temper enthusiasm despite the Goldman upgrade. Palantir Technologies Stock Dropped to Hold by Zacks Research

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were 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 directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 35,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 536,364 shares of company stock valued at $93,083,303. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.