Plancorp LLC Has $428,000 Stock Holdings in Palantir Technologies Inc. $PLTR

Plancorp LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 45.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,669 shares of the company’s stock after selling 3,071 shares during the quarter. Plancorp LLC’s holdings in Palantir Technologies were worth $428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Basepoint Wealth LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $29,000. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $29,000. Morton Brown Family Wealth LLC grew its stake in shares of Palantir Technologies by 250.0% during 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 last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLTR. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. Oppenheimer cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Citigroup lowered Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. Finally, BNP Paribas Exane initiated coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an “underperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty have given 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.com, Palantir Technologies has an average rating of “Moderate Buy” and a consensus price target of $192.19.

Key Palantir Technologies News

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

• Positive Sentiment: Blowout quarterly performance remains the primary catalyst. Palantir reported revenue of $1.94 billion, up 92.8% year over year and above the $1.81 billion consensus estimate. Adjusted earnings also exceeded expectations, while management raised its full-year outlook. The results reinforced confidence that growth in government and commercial AI applications is accelerating. Palantir Stock Forecast – How Much Upside Do Analysts Expect?
• Positive Sentiment: Artificial Intelligence Platform adoption is supporting the long-term growth narrative. Articles highlight Palantir’s AIP as a key driver of its shift from a primarily government contractor to a broader enterprise AI partner. Strong U.S. demand, sovereign AI spending and a growing commercial pipeline are fueling bullish forecasts, including expectations for continued earnings momentum. Palantir AIP Could Deliver a Powerful Shift in the Company’s Growth Trajectory
• Positive Sentiment: Market momentum and broader risk appetite are helping AI software names. Palantir was identified as breaking through a new buy point as investors favored AI-linked companies and remained optimistic about U.S. technology and defense demand. Palantir Shares Edge Higher Thursday: What’s Driving the Action?

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $179.01 on Friday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm has a market capitalization of $429.14 billion, a P/E ratio of 153.00, a P/E/G ratio of 2.44 and a beta of 1.59. The company’s 50 day simple moving average is $133.83 and its 200 day simple moving average is $139.92.

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

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $80,535.68. This represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director owned 54,107 shares in the company, valued at approximately $8,927,655. This trade represents a 5.31% decrease in their position. 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 sold 1,150,302 shares of company stock valued at $156,197,565 in the last three months. 9.53% of the stock is currently owned by company insiders.

About Palantir Technologies

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.