Perennial Investment Advisors LLC Acquires 5,748 Shares of Palantir Technologies Inc. $PLTR

Perennial Investment Advisors LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,089 shares of the company’s stock after acquiring an additional 5,748 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Palantir Technologies were worth $5,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $222,143,000. Global Retirement Partners LLC grew its position 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 last quarter. Income Insurance Ltd purchased a new position in Palantir Technologies in the 4th quarter valued at $1,228,000. Sun Financial Inc acquired a new position in Palantir Technologies in the 4th quarter valued at $1,282,000. Finally, Schnieders Capital Management LLC. increased its stake in Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after buying an additional 1,694 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: William Blair reiterated a Buy rating, citing Palantir’s Maven smart-system program, which the firm believes is on track to reach $1 billion in annual recurring revenue. The analyst also sees potential support from renewed defense spending and a possible return toward the low-$200s. William Blair Maven analysis
• Positive Sentiment: Maven’s designation as an official Pentagon program of record could provide more durable, multi-year budget support as the platform expands across the military. That status strengthens the long-term government revenue outlook. Palantir Maven Pentagon program
• Positive Sentiment: The stock’s recent advance is being supported by its latest “blowout” quarter: revenue rose 92.8% year over year to $1.94 billion, while adjusted earnings of $0.41 per share exceeded the $0.34 consensus estimate. Strong commercial demand, government relationships and Palantir’s AI platform remain central to the bullish thesis. Palantir rally analysis
• Neutral Sentiment: Options activity around the September 18 expiration is unusually heavy, suggesting traders expect another significant move. This may increase volatility without establishing a clear fundamental direction. Palantir September options analysis
• Negative Sentiment: CEO Alexander Karp sold approximately $86.1 million of shares, while other insiders also reported sales. The transactions were made under pre-arranged Rule 10b5-1 plans and partly covered tax obligations, but the timing may reinforce concerns that executives are monetizing the sharp rally. Alexander Karp stock sale
• Negative Sentiment: Michael Burry has added to his Palantir short position, arguing that the company’s valuation is difficult to justify. With PLTR trading at roughly 150 times earnings after a gain of more than 40% in a month, analysts and investors remain divided over whether future growth can support the price. Michael Burry Palantir short position

Palantir Technologies Trading Up 2.8%

Shares of NASDAQ PLTR opened at $177.50 on Thursday. The company’s 50-day moving average price is $141.46 and its 200 day moving average price is $141.39. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The stock has a market cap of $426.54 billion, a price-to-earnings ratio of 151.71, a PEG ratio of 2.44 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last announced 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 company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, research analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PLTR shares. William Blair reiterated an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday. Cantor Fitzgerald initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating on the stock. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Citigroup lowered Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, DA Davidson increased their price objective on Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the stock in a transaction on 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 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, insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 723,431 shares of company stock worth $117,330,908 in the last 90 days. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Company 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.