Gallagher Capital Advisors LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 47.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,050 shares of the company's stock after purchasing an additional 3,871 shares during the period. Palantir Technologies accounts for 0.8% of Gallagher Capital Advisors LLC's holdings, making the stock its 25th biggest holding. Gallagher Capital Advisors LLC's holdings in Palantir Technologies were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

• Michael Burry Is Betting Against Palantir Again—Should Investors Care?

Several other institutional investors have also recently made changes to their positions in PLTR. R Squared Ltd boosted its position in shares of Palantir Technologies by 23.8% during the 2nd quarter. R Squared Ltd now owns 5,205 shares of the company's stock worth $607,000 after purchasing an additional 1,001 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in Palantir Technologies in the 2nd quarter valued at about $5,021,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in Palantir Technologies in the 2nd quarter valued at about $14,812,000. 111 Capital raised its stake in Palantir Technologies by 12.4% during the 2nd quarter. 111 Capital now owns 32,054 shares of the company's stock worth $3,740,000 after buying an additional 3,544 shares during the period. Finally, Glynn Capital Management LLC raised its stake in Palantir Technologies by 15.1% during the 2nd quarter. Glynn Capital Management LLC now owns 68,776 shares of the company's stock worth $8,024,000 after buying an additional 9,011 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 1,481 shares of the company's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. The trade was a 5.16% 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 90 days, insiders sold 228,608 shares of company stock worth $30,810,313. 9.53% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

• Voyager Technologies: Space Force Deal Fuels Growth Despite Heavy Cash Burn

Several brokerages have issued reports on PLTR. Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $204.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, August 4th. DA Davidson lifted their price target on shares of Palantir Technologies from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, DZ Bank initiated coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They set a "buy" rating and a $175.00 price target for the company. Two investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $192.19.

Check Out Our Latest Analysis on Palantir Technologies

Key Headlines Impacting Palantir Technologies

• MarketBeat Week in Review – 08/03 - 08/07

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

• Positive Sentiment: Palantir’s latest quarterly results remain the primary bullish catalyst. Revenue increased roughly 93% year over year to $1.94 billion, while earnings exceeded analyst expectations, reinforcing confidence in demand for its AI software platforms. Q2 Earnings Season Standout Performers: PLTR, MSFT
• Positive Sentiment: Several bullish commentaries argue that Pentagon AI spending and continued commercial expansion could support further gains. One valuation analysis estimates the shares may still be modestly undervalued if defense-related momentum persists, while other analysts have upgraded their outlook after the strong earnings report. Palantir Stock May Be 9% Undervalued on Pentagon AI Momentum
• Neutral Sentiment: Long-term articles focus on whether Palantir can become a trillion-dollar company. That outcome would require the company to sustain very high growth for years, expand its customer base, and convert AI enthusiasm into durable profits; these are possibilities rather than near-term catalysts. Is Palantir the Next Trillion-Dollar Stock?
• Negative Sentiment: Valuation is the key headwind. Palantir is trading at extremely elevated earnings and sales multiples, prompting comparisons with software stocks that later experienced sharp corrections after reaching similar levels. Higher Treasury yields also make expensive, long-duration growth stocks less attractive. Palantir Trades at 74x Sales
• Negative Sentiment: Investor Michael Burry has reportedly renewed bearish put positions, citing Palantir’s valuation and stock-based compensation. Although this does not change the company’s fundamentals, it adds visibility to the bear case and may encourage profit-taking after the stock’s strong run. Michael Burry Is Betting Against Palantir Again

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $171.54 on Wednesday. The stock has a market cap of $412.22 billion, a price-to-earnings ratio of 146.62, a PEG ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm's 50-day simple moving average is $136.11 and its 200 day simple moving average is $140.11.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm 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 quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. On average, sell-side analysts predict that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Palantir Technologies 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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