Palantir Technologies Inc. $PLTR Shares Bought by Mindset Wealth Management LLC

Mindset Wealth Management LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 29.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,420 shares of the company’s stock after buying an additional 3,734 shares during the period. Palantir Technologies accounts for approximately 0.4% of Mindset Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Mindset Wealth Management LLC’s holdings in Palantir Technologies were worth $1,916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLTR. Milestone Asset Management LLC lifted its stake in shares of Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after purchasing an additional 42,173 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $222,143,000. Vanguard Group Inc. raised 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 buying an additional 1,557,828 shares during the period. Optas LLC raised its holdings in Palantir Technologies by 55.2% in the 4th quarter. Optas LLC now owns 18,647 shares of the company’s stock valued at $3,315,000 after buying an additional 6,633 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in Palantir Technologies by 6.8% in the 4th quarter. Global Retirement Partners LLC now owns 79,282 shares of the company’s stock valued at $14,092,000 after buying an additional 5,070 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PLTR shares. 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. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Wedbush assumed coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an “outperform” rating on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Roth Capital assumed coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. This represents a 5.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were 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 $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. Insiders sold 1,150,302 shares of company stock valued at $156,197,565 in the last 90 days. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $172.55 on Tuesday. The company has a market cap of $414.65 billion, a P/E ratio of 147.48, a P/E/G ratio of 2.48 and a beta of 1.59. The stock has a 50-day moving average of $135.32 and a two-hundred day moving average of $140.01. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year 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 the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $0.16 earnings per share. The business’s quarterly revenue was up 92.8% on a year-over-year basis. On average, analysts anticipate that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

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.