Mid American Wealth Advisory Group Inc. Makes New $368,000 Investment in Palantir Technologies Inc. $PLTR

Mid American Wealth Advisory Group Inc. purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,152 shares of the company’s stock, valued at approximately $368,000.

Several other institutional investors have also recently made changes to their positions in PLTR. BlackRock Inc. raised 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 worth $22,146,030,000 after purchasing an additional 757,322 shares during the period. State Street Corp grew its position in Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after purchasing an additional 1,126,418 shares during the period. Geode Capital Management LLC grew its position 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 valued at $9,599,882,000 after purchasing an additional 805,047 shares during the period. Norges Bank bought a new stake in Palantir Technologies during the 4th quarter valued at $5,149,641,000. Finally, Invesco Ltd. increased its stake in Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after purchasing an additional 616,297 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Key Palantir Technologies News

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

• Positive Sentiment: Expanded PwC alliance strengthens Palantir’s enterprise AI reach. Palantir and PwC expanded their strategic partnership to help organizations scale AI, transform mergers and acquisitions, and modernize ERP systems. PwC’s consulting network could help Palantir secure more corporate customers and larger deployments. PwC and Palantir Expand Strategic Alliance
• Positive Sentiment: Army contract adds support for the government business. Palantir won a prime agreement to deliver eight TITAN tactical intelligence ground-station systems to the U.S. Army, reportedly valued at about $192 million. The award expands Palantir’s role in defense intelligence and reinforces demand for its software and data platforms. What Does Palantir Winning Army Work Mean for AI Growth?
• Positive Sentiment: Technical momentum remains constructive. Palantir recently moved above its 20-day moving average and flashed a “golden cross” signal, which technical investors may interpret as evidence of continued short-term strength. The company’s latest reported quarter also featured 92.8% year-over-year revenue growth and earnings above analyst expectations.
• Neutral Sentiment: Investor commentary remains broadly bullish but speculative. Articles highlight Palantir as a potential AI software and cybersecurity winner, while management continues to promote secure, customized AI deployments. These views may support sentiment but do not represent new financial guidance.
• Negative Sentiment: Premium valuation leaves little room for disappointment. Palantir’s market capitalization is above $400 billion and its price-to-earnings ratio is around 149, making the stock vulnerable to profit-taking or any slowdown in growth and margins. Analysts note that its rapid expansion is already reflected in the share price. Is Palantir’s AI Growth Worth the Premium Valuation?
• Negative Sentiment: Competitive and insider-selling concerns persist. Google’s expanding government AI offerings could pressure Palantir’s public-sector opportunity. Michael Burry also renewed his bearish criticism of Palantir’s valuation and business model. Separately, a director sold $244,915 of stock under a pre-arranged Rule 10b5-1 plan, a modest negative sentiment signal. What’s Bugging Palantir’s Stock?

Insider Buying and Selling

In related news, Director Lauren Friedman Stat sold 1,342 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total transaction of $244,915.00. Following the sale, the director directly owned 52,765 shares in the company, valued at approximately $9,629,612.50. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 721,508 shares of company stock worth $117,070,093. Insiders own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PLTR. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. Roth Capital started coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating on the stock. President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $174.33 on Friday. The firm has a market cap of $418.93 billion, a price-to-earnings ratio of 149.00, a P/E/G ratio of 2.47 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. The firm’s 50-day simple moving average is $150.22 and its two-hundred day simple moving average is $143.55.

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, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company posted $0.16 earnings per share. The business’s revenue was up 92.8% on a year-over-year basis. Analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

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.