Westwind Capital Increases Stake in Palantir Technologies Inc. $PLTR

Westwind Capital boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 29.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 67,984 shares of the company’s stock after acquiring an additional 15,342 shares during the period. Palantir Technologies accounts for approximately 1.9% of Westwind Capital’s portfolio, making the stock its 22nd largest holding. Westwind Capital’s holdings in Palantir Technologies were worth $7,932,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PLTR. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $29,000. Morton Brown Family Wealth LLC raised its position in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $31,000. Wexford Capital LP purchased a new stake in shares of Palantir Technologies during the 3rd quarter valued at approximately $36,000. Finally, Prudent Man Investment Management Inc. bought a new position in Palantir Technologies in the 4th quarter worth approximately $35,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Insider Activity

In other news, insider David A. Glazer sold 17,128 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the completion of the transaction, the insider directly owned 375,242 shares in the company, valued at $51,047,921.68. The trade was a 4.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the transaction, the insider directly owned 199,759 shares in the company, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their position. 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 three months, insiders sold 1,150,302 shares of company stock worth $156,197,565. Company insiders own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent research reports. Roth Capital initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. 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 report on Monday, June 29th. BNP Paribas Exane initiated coverage on Palantir Technologies in a research report on Tuesday, June 16th. They issued an “underperform” rating for the company. Finally, Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Palantir Technologies Trading Down 2.8%

Shares of NASDAQ:PLTR opened at $174.04 on Friday. The company has a 50 day moving average of $134.60 and a 200 day moving average of $140.15. The stock has a market cap of $417.23 billion, a P/E ratio of 148.75, a P/E/G ratio of 2.55 and a beta of 1.59. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm posted $0.16 EPS. Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

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.