Wellington Altus USA Inc. Purchases 6,194 Shares of Palantir Technologies Inc. $PLTR

Wellington Altus USA Inc. grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 453.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,559 shares of the company’s stock after purchasing an additional 6,194 shares during the quarter. Wellington Altus USA Inc.’s holdings in Palantir Technologies were worth $882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after acquiring an additional 757,322 shares in the last quarter. Geode Capital Management LLC raised its holdings in Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after acquiring an additional 805,047 shares during the last quarter. Norges Bank bought a new position in Palantir Technologies in the 4th quarter valued at approximately $5,149,641,000. Invesco Ltd. lifted its position in Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.1%

PLTR stock traded up $1.90 on Thursday, hitting $176.24. The company had a trading volume of 23,693,327 shares, compared to its average volume of 44,538,984. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The stock has a market cap of $423.52 billion, a price-to-earnings ratio of 150.63, a P/E/G ratio of 2.44 and a beta of 1.62. The stock’s 50-day simple moving average is $157.25 and its 200 day simple moving average is $145.74.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Roth Capital started coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Northland Securities set a $200.00 price target on Palantir Technologies in a report on Tuesday, August 4th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $80.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Cantor Fitzgerald assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued an “overweight” rating for the company. Finally, Piper Sandler reissued an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $195.33.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: CEO’s AI-liability comments reinforce Palantir’s positioning: Alex Karp called for “reasonable guidelines” and said AI developers should face civil and criminal liability for harmful outcomes. He also suggested that some frontier AI businesses may need to be nationalized if governments are required to cap their liability. Investors may view the remarks as supportive of Palantir’s emphasis on controlled, accountable AI deployments. AI needs to have reasonable guidelines, Palantir’s Karp tells CNBC
• Positive Sentiment: Higher price targets add momentum: Jim Cramer reaffirmed a $250 target, while UBS and D.A. Davidson reportedly matched that level. The $250 targets are well above Wall Street’s approximately $202 average, signaling continued confidence in Palantir’s growth outlook. Mad Money Jim Cramer Sees 40% Upside for Palantir Stock
• Positive Sentiment: Demand and sovereign AI opportunities remain key catalysts: Coverage highlighted Palantir’s partnership with Nebius, in which Nebius supplies infrastructure while Palantir provides the software layer. Growing European interest in sovereign AI and government modernization could expand demand for Palantir’s platforms without requiring the company to own large amounts of hardware. Palantir Just Told Wall Street Where AI Infrastructure Is Headed
• Neutral Sentiment: Stricter controls on external AI models: Palantir is tightening rules for OpenAI and Anthropic models, including requiring zero-data-retention assurances for certain integrations. The move supports data security and customer trust but could limit model flexibility or complicate partnerships. Palantir Technologies Tightens Rules On External Generative AI Models
• Negative Sentiment: Valuation and bearish positioning remain obstacles: Palantir’s roughly 150-times earnings multiple leaves little room for execution disappointments. Michael Burry’s reported put position and commentary about an AI-sector decline underscore concerns that expectations have become excessive, even as revenue growth remains strong. Michael Burry Just Said 7 Words Dismissing AI After Slowdown Fears

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction 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 sale, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the transaction, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. This represents a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 720,027 shares of company stock worth $116,879,340. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.