Andra AP fonden Decreases Position in Palantir Technologies Inc. $PLTR

Andra AP fonden trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 380,700 shares of the company’s stock after selling 27,000 shares during the period. Andra AP fonden’s holdings in Palantir Technologies were worth $44,416,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PLTR. Basepoint Wealth LLC acquired a new position in Palantir Technologies in the 4th quarter valued at $29,000. Cornerstone Financial Management LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $31,000. Prudent Man Investment Management Inc. acquired a new position in Palantir Technologies during the fourth quarter worth about $35,000. Monetary Solutions Ltd acquired a new position in Palantir Technologies during the fourth quarter worth about $36,000. Finally, Reflection Asset Management acquired a new stake in Palantir Technologies in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PLTR. Oppenheimer lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. BNP Paribas Exane started coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an “underperform” rating on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research report on Friday, September 11th. Finally, Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.33.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded up $1.09 on Tuesday, reaching $184.18. The company’s stock had a trading volume of 9,882,232 shares, compared to its average volume of 44,196,215. The stock’s 50-day moving average is $160.27 and its two-hundred day moving average is $146.50. The stock has a market capitalization of $442.61 billion, a P/E ratio of 157.26, a PEG ratio of 2.51 and a beta of 1.62. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week 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, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion for 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 business’s revenue was up 92.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 earnings per share. Equities analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 150,000 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was 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 $77,986,870. The trade was a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 3,032 shares of the company’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 transaction of $500,280.00. Following the transaction, the director directly owned 54,107 shares in the company, valued at $8,927,655. The trade was a 5.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 720,027 shares of company stock valued at $116,879,340. Company insiders own 9.53% of the company’s stock.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s reported alliances with Fujitsu, NVIDIA, Method Security and Nebius could expand its enterprise AI, manufacturing, cybersecurity and AI-infrastructure opportunities. Palantir Technologies Unveils Alliance Push Across AI Supply Chains and Cyber Defense
• Positive Sentiment: Recent coverage highlighted Palantir’s 92.8% year-over-year quarterly revenue growth, earnings that exceeded consensus expectations, and a long streak of accelerating revenue growth. Those results support the view that demand for its enterprise AI software remains strong. Earnings Growth and Price Strength Make Palantir a Stock to Watch
• Positive Sentiment: Optimistic commentary argues that Palantir is well positioned for “sovereign AI”—governments and organizations seeking domestic control over data, software and AI infrastructure. UBS also identified Palantir as a preferred AI beneficiary as corporate adoption moves from experimentation toward scaled deployment. Palantir Will Keep Winning as Sovereign AI Takes Hold
• Neutral Sentiment: Palantir CEO Alex Karp’s comments that major AI companies may never go public, along with his call for greater government involvement, reinforce the importance of regulation and national-security contracts but do not directly change Palantir’s financial outlook. Palantir’s Alex Karp Discusses AI Companies and Government Oversight
• Neutral Sentiment: Options activity turned more bullish as the shares rallied, suggesting stronger near-term trader interest, although this is a positioning indicator rather than a change in business fundamentals. Palantir Stock Gets a Bullish Options Signal
• Negative Sentiment: Valuation remains the principal counterargument. With a P/E ratio near 158, Palantir requires sustained high growth to justify its price, and Wall Street’s targets show unusually wide disagreement about the stock’s value. Wall Street’s Palantir Price Targets Tell an Interesting Story
• Negative Sentiment: Michael Burry continues to argue that Palantir is overvalued and offers substantial short-selling potential. Cathie Wood’s reported reduction in Palantir holdings adds another cautionary signal, though neither reflects company operating results. Michael Burry Doubles Down on Palantir Bear Case

About Palantir Technologies

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.