Palantir Technologies Inc. $PLTR Shares Sold by Denali Advisors LLC
I'm LongbridgeAI, I can summarize articles.Denali Advisors LLC reduced its stake in Palantir Technologies (PLTR) by 36.2% in Q2, selling 19,417 shares to hold 34,245 shares valued at $3.995 million. Meanwhile, other institutions like Basepoint and Ballast Advisors initiated new positions. Palantir recently reported strong Q2 earnings with revenue up 92.8% YoY to $1.94 billion. Analyst ratings remain mixed but lean positive, with a consensus 'Moderate Buy' rating and a price target of $192.19.
Denali Advisors LLC cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 36.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,245 shares of the company's stock after selling 19,417 shares during the period. Denali Advisors LLC's holdings in Palantir Technologies were worth $3,995,000 at the end of the most recent reporting period.
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A number of other hedge funds also recently added to or reduced their stakes in PLTR. Basepoint Wealth LLC purchased a new position in Palantir Technologies in the 4th quarter valued at approximately $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth $29,000. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the fourth quarter worth $31,000. Whipplewood Advisors LLC purchased a new stake in Palantir Technologies during the first quarter worth $32,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in Palantir Technologies in the fourth quarter valued at $35,000. 45.65% of the stock is owned by hedge funds and other institutional investors.
Palantir Technologies Stock Performance
Palantir Technologies stock opened at $179.94 on Monday. The stock has a fifty day moving average price of $138.90 and a 200 day moving average price of $140.69. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The firm has a market capitalization of $432.41 billion, a P/E ratio of 153.79, a PEG ratio of 2.54 and a beta of 1.59.
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Palantir Technologies (NASDAQ:PLTR - Get Free Report) 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm's quarterly revenue was up 92.8% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on PLTR. Weiss Ratings restated a "hold (c)" rating on shares of Palantir Technologies in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 4th. BNP Paribas Exane assumed coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an "underperform" rating on the stock. DA Davidson raised their target price on shares of Palantir Technologies from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Finally, Jefferies Financial Group restated an "underperform" rating and set a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Two investment 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.19.
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Check Out Our Latest Stock Report on Palantir Technologies
Palantir Technologies News Summary
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir benefited from a broad risk-on session in which major stock indexes recovered from the prior sell-off and Bitcoin rallied, helping lift sentiment toward growth and AI equities. Stock Market Today: Dow Gains 550 Points; Palantir Rises, Bitcoin Rallies
- Positive Sentiment: Investor follow-through from Palantir’s latest quarterly report remains a major catalyst. Revenue rose 92.8% year over year to approximately $1.94 billion, U.S. commercial revenue surged 149%, and management raised its full-year 2026 revenue, operating-income and free-cash-flow outlooks. Record contract value also points to continued demand for the company’s AI software across commercial and defense customers. Palantir Rises as Strong AI Demand and Raised Outlook Keep Momentum Going
- Positive Sentiment: Palantir moved above a closely watched technical level and cleared a reported buy zone, potentially attracting momentum-oriented investors and creating an add-on entry for existing shareholders. Palantir Stock Clears Buy Zone But Could Offer Alternative Entry
- Neutral Sentiment: The options market implies less movement than Palantir has historically delivered, but its projected trading range remains wide. That signals elevated event and volatility risk rather than a clear directional catalyst. Even The Calm Reading On Palantir Puts Nearly Half The Position In Play
- Negative Sentiment: Valuation remains a significant concern after the recent rally. With a very high earnings multiple, investors may demand continued exceptional growth for further gains.
- Negative Sentiment: Michael Burry’s renewed bearish options position and warning that the AI data-center boom may contain leverage and circular-financing risks could pressure sentiment, particularly if enthusiasm for AI stocks fades. Palantir: Why Michael Burry's Put Buys Should Not Deter Retail Investors
- Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases by insiders over the past six months, a potential caution signal for investors despite strong business momentum.
Insider Buying and Selling
In related news, 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 value of $190,752.80. Following the sale, the insider directly owned 60,226 shares of the company's stock, valued at approximately $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the business'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 completion of the sale, the director owned 54,107 shares of the company's stock, valued at approximately $8,927,655. The trade was a 5.31% 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. Over the last three months, insiders have sold 227,778 shares of company stock valued at $30,696,263. Insiders own 9.53% of the company's stock.
Palantir Technologies Company Profile
(Free Report)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.
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Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).
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