SmartHarvest Portfolios LLC Has $895,000 Stock Holdings in Palantir Technologies Inc. $PLTR

SmartHarvest Portfolios LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 39.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,674 shares of the company’s stock after selling 4,959 shares during the period. SmartHarvest Portfolios LLC’s holdings in Palantir Technologies were worth $895,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Palantir Technologies by 0.7% during 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 during the last quarter. State Street Corp increased its holdings in shares of Palantir Technologies by 1.1% during the fourth quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after buying an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Palantir Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after acquiring an additional 805,047 shares during the last quarter. Norges Bank bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $5,149,641,000. Finally, Invesco Ltd. boosted its holdings in shares of 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 acquiring an additional 616,297 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the sale, the director 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the transaction, the insider owned 60,226 shares in the company, valued at $7,757,108.80. This trade represents a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,150,302 shares of company stock valued at $156,197,565. 9.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on PLTR. Royal Bank Of Canada restated an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a report on Friday, July 31st. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued an “overweight” rating for the company. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 11th. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Finally, Mizuho upped their price objective on Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Palantir Technologies Trading Down 0.9%

NASDAQ PLTR opened at $172.55 on Tuesday. The stock has a 50-day simple moving average of $135.32 and a 200 day simple moving average of $140.01. The company has a market capitalization of $414.65 billion, a PE ratio of 147.48, a P/E/G ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its 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 firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 earnings per share. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s strong earnings and revenue momentum remain the primary bullish catalysts. The company exceeded quarterly earnings expectations, and analysts and commentators believe continued adoption of its AI software could sustain rapid growth. Palantir Technologies Earnings and Price Momentum
• Positive Sentiment: Articles highlighting Palantir’s real-world efficiency gains and expanding demand for AI software reinforce expectations that its commercial business can continue growing rapidly. Some long-term scenarios see substantial upside if the company maintains strong growth through 2030 and beyond. Palantir AI Software Demand
• Neutral Sentiment: Long-term returns will depend heavily on one factor: how quickly revenue continues to compound. The company may remain a high-quality growth story, but repeating its extraordinary historical stock performance will require sustained execution. Where Palantir Stock Lands in Five Years
• Negative Sentiment: Valuation is the key pressure point. Palantir is described as trading at roughly 74 times sales and about 149–151 times earnings, levels that leave little room for disappointing growth or guidance. Historical comparisons suggest software stocks trading at similar multiples can experience significant declines after investor enthusiasm fades. Palantir Trades at a Historically High Valuation
• Negative Sentiment: Another comparison argues that Palantir appears fully valued relative to other AI software opportunities, while similarly strong companies may offer more attractive valuations. This could encourage profit-taking despite the company’s excellent operating results. AMD and Palantir Buy Sell or Hold Analysis

Palantir Technologies 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.