MassMutual Private Wealth & Trust FSB Purchases 20,227 Shares of Palantir Technologies Inc. $PLTR

MassMutual Private Wealth & Trust FSB grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 147.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 33,944 shares of the company’s stock after acquiring an additional 20,227 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Palantir Technologies were worth $3,960,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Milestone Asset Management LLC grew its stake in shares of Palantir Technologies by 229.5% in the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after acquiring an additional 42,173 shares during the last quarter. VCI Wealth Management LLC raised its position in shares of Palantir Technologies by 42.3% in the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after purchasing an additional 3,621 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Palantir Technologies in the 4th quarter worth about $222,143,000. Vanguard Group Inc. boosted its stake in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. Finally, Jefferson Bridge Capital LLC bought a new position in Palantir Technologies in the 4th quarter worth about $1,322,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank Of Canada reissued an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a research report on Friday. Mizuho lifted their target price on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. William Blair assumed coverage on shares of Palantir Technologies in a report on Tuesday. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.73.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $162.66 on Wednesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The company has a market cap of $389.95 billion, a P/E ratio of 182.77, a PEG ratio of 2.01 and a beta of 1.59. The stock’s fifty day moving average price is $130.68 and its 200-day moving average price is $139.93.

Palantir Technologies (NASDAQ:PLTR) last released 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. Palantir Technologies had a return on equity of 32.90% and a net margin of 49.01%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $0.16 EPS. Palantir Technologies’s revenue for the quarter was up 92.8% on a year-over-year basis. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Q2 results decisively exceeded expectations: Adjusted EPS was $0.41 versus the $0.34 consensus estimate, while revenue increased 93% year over year to $1.935 billion, ahead of expectations near $1.81 billion. The company also reported a 62% adjusted operating margin and $1.22 billion in free cash flow. Palantir posts blowout Q2 numbers
• Positive Sentiment: Commercial growth was the key catalyst: U.S. commercial revenue surged 149% to $764 million, while total U.S. revenue rose 115%. Management attributed the acceleration to strong demand for secure, sovereign AI tools across commercial and government customers. Palantir raises annual revenue forecast
• Positive Sentiment: Guidance was raised substantially: Palantir now expects approximately $8.15 billion-$8.16 billion in 2026 revenue, representing about 82% growth, and forecast U.S. commercial revenue above $3.424 billion, or at least 134% growth. Third-quarter revenue guidance of roughly $2.16 billion also topped consensus. Palantir lifts guidance
• Positive Sentiment: Analyst sentiment improved: Deutsche Bank upgraded PLTR to Buy, Northland raised its target to $200, and Piper Sandler reaffirmed an Overweight rating with a $230 target. The earnings surprise also forced short sellers to cover losses estimated at roughly $3 billion, potentially adding buying pressure. Deutsche Bank upgrades Palantir
• Neutral Sentiment: A broader technology rally, record major indexes and easing geopolitical concerns provided a supportive market backdrop, but the company’s earnings and guidance were the primary PLTR-specific drivers. S&P 500 and Dow scale peaks
• Negative Sentiment: Valuation remains a major risk: Even after the earnings beat, PLTR trades at an exceptionally high earnings and sales multiple. Cantor Fitzgerald maintained a Neutral rating with a $156 target, below the current reference level, while other analysts warned that expectations may already discount years of rapid growth. Palantir valuation analysis
• Negative Sentiment: Reported insider activity has been heavily weighted toward selling, including transactions by senior executives and co-founders. That does not necessarily signal weakening operations, but it may concern investors after the strong rally.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the sale, the insider owned 592 shares of the company’s stock, valued at $80,535.68. This trade represents a 99.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 1,112,270 shares of company stock worth $150,247,785. 9.53% of the stock is owned by corporate insiders.

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.