61,137 Shares in Palantir Technologies Inc. $PLTR Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to its most recent filing with the SEC. The fund acquired 61,137 shares of the company’s stock, valued at approximately $7,133,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Basepoint Wealth LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth $29,000. Ballast Advisors LLC purchased a new position in shares of Palantir Technologies in the first quarter valued at $29,000. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $31,000. Whipplewood Advisors LLC bought a new stake in shares of Palantir Technologies during the 1st quarter valued at $32,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in Palantir Technologies during the 4th quarter worth about $35,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. President Capital upgraded 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 note on Monday, June 29th. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. William Blair began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

Palantir Technologies Stock Up 3.4%

Shares of NASDAQ PLTR opened at $179.94 on Friday. The firm has a market capitalization of $432.41 billion, a P/E ratio of 153.79, a P/E/G ratio of 2.54 and a beta of 1.59. The stock’s 50-day simple moving average is $138.90 and its two-hundred day simple moving average is $140.74. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during 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 revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the sale, the director directly owned 54,107 shares of the company’s stock, valued at $8,927,655. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the transaction, the insider directly owned 60,226 shares of the company’s stock, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their position. 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. Over the last three months, insiders have sold 227,778 shares of company stock worth $30,696,263. Insiders own 9.53% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir benefited from a broad risk-on session in which major stock indexes recovered from the prior sell-off and Bitcoin rallied, helping lift sentiment toward growth and AI equities. Stock Market Today: Dow Gains 550 Points; Palantir Rises, Bitcoin Rallies
• Positive Sentiment: Investor follow-through from Palantir’s latest quarterly report remains a major catalyst. Revenue rose 92.8% year over year to approximately $1.94 billion, U.S. commercial revenue surged 149%, and management raised its full-year 2026 revenue, operating-income and free-cash-flow outlooks. Record contract value also points to continued demand for the company’s AI software across commercial and defense customers. Palantir Rises as Strong AI Demand and Raised Outlook Keep Momentum Going
• Positive Sentiment: Palantir moved above a closely watched technical level and cleared a reported buy zone, potentially attracting momentum-oriented investors and creating an add-on entry for existing shareholders. Palantir Stock Clears Buy Zone But Could Offer Alternative Entry
• Neutral Sentiment: The options market implies less movement than Palantir has historically delivered, but its projected trading range remains wide. That signals elevated event and volatility risk rather than a clear directional catalyst. Even The Calm Reading On Palantir Puts Nearly Half The Position In Play
• Negative Sentiment: Valuation remains a significant concern after the recent rally. With a very high earnings multiple, investors may demand continued exceptional growth for further gains.
• Negative Sentiment: Michael Burry’s renewed bearish options position and warning that the AI data-center boom may contain leverage and circular-financing risks could pressure sentiment, particularly if enthusiasm for AI stocks fades. Palantir: Why Michael Burry’s Put Buys Should Not Deter Retail Investors
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases by insiders over the past six months, a potential caution signal for investors despite strong business momentum.

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.