Palantir Technologies Inc. $PLTR Shares Acquired by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.0% in the second quarter, Holdings Channel.com reports. The firm owned 132,211 shares of the company’s stock after acquiring an additional 10,923 shares during the quarter. Palantir Technologies comprises about 2.2% of Canvas Wealth Advisors LLC’s portfolio, making the stock its 15th largest position. Canvas Wealth Advisors LLC’s holdings in Palantir Technologies were worth $15,425,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Milestone Asset Management LLC lifted its holdings in shares of Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after acquiring an additional 42,173 shares in the last quarter. VCI Wealth Management LLC boosted its position in Palantir Technologies by 42.3% during the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after purchasing an additional 3,621 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in Palantir Technologies in the 4th quarter valued at $222,143,000. Vanguard Group Inc. increased its holdings in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. Finally, KBC Group NV increased its holdings in Palantir Technologies by 11.1% in the 4th quarter. KBC Group NV now owns 712,493 shares of the company’s stock valued at $126,646,000 after purchasing an additional 71,312 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on PLTR shares. Wolfe Research began coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Friday, July 31st. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Tuesday, August 4th. Two research 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 given a Sell rating to the company. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

More Palantir Technologies News

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

• Positive Sentiment: Blowout results and raised guidance remain the primary bullish catalyst. Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year and ahead of expectations, while EPS also exceeded consensus. Coverage suggests the guidance increase implies roughly $362 million in additional second-half revenue. Q2 Earnings Season Standouts
• Positive Sentiment: Commercial AI demand is accelerating. Recent reports highlight 110% commercial revenue growth, 79% government revenue growth, a 62% adjusted EBITDA margin and $1.22 billion in free cash flow. Palantir’s open-weight model strategy could help differentiate its platforms from OpenAI and Anthropic by giving customers more control over customized models. Palantir Q2: Karp Takes On the Two AI Labs
• Positive Sentiment: Bullish price targets and strategic importance support the shares. Commentary includes a $220 target, representing potential upside from recent levels, while analysts and investors point to Palantir’s expanding U.S. commercial market, defense role and growing backlog as reasons the rally may continue. Prediction: Palantir Will Hit $220 This Year
• Neutral Sentiment: Macro conditions could amplify volatility. Investors are awaiting the July CPI report, with a softer-than-expected reading potentially supporting high-beta AI stocks such as PLTR. The reported short-interest figures showing zero shares appear unreliable because the data also lists an undefined percentage change.
• Negative Sentiment: Profit-taking and insider selling are creating near-term pressure. ARK Invest trimmed approximately $21 million of PLTR after the recent surge, while CTO Shyam Sankar sold 35,000 shares worth about $5.45 million under a pre-arranged Rule 10b5-1 plan. Cathie Wood Sold Palantir Shares
• Negative Sentiment: Valuation concerns remain significant. With a price-to-earnings ratio near 150, the stock is priced for sustained exceptional growth. Michael Burry’s long-dated put positions, targeting strikes in the low-to-mid $100s, reinforce concerns that expectations may be too high. Michael Burry’s Palantir Put Positions

Palantir Technologies Price Performance

Shares of PLTR stock opened at $174.94 on Wednesday. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm has a market capitalization of $419.39 billion, a P/E ratio of 149.52, a P/E/G ratio of 2.50 and a beta of 1.59. The company’s fifty day moving average price is $132.50 and its two-hundred day moving average price is $139.81.

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 the consensus estimate of $0.34 by $0.07. The company 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 was up 92.8% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,674,818.48. Following the completion of the transaction, the insider directly owned 199,759 shares in the company, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 1,150,302 shares of company stock valued at $156,197,565. Insiders own 9.53% of the company’s stock.

Palantir Technologies Company Profile

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.