Y Intercept Hong Kong Ltd Boosts Stock Position in Palantir Technologies Inc. $PLTR

Y Intercept Hong Kong Ltd raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 690.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,399 shares of the company’s stock after acquiring an additional 29,175 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Palantir Technologies were worth $3,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Emergent Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 3.2% during the second quarter. Emergent Wealth Advisors LLC now owns 2,792 shares of the company’s stock valued at $326,000 after purchasing an additional 86 shares during the period. Cromwell Holdings LLC increased its stake in Palantir Technologies by 6.8% in the 2nd quarter. Cromwell Holdings LLC now owns 7,385 shares of the company’s stock worth $862,000 after buying an additional 472 shares during the period. Sheets Smith Wealth Management increased its stake in Palantir Technologies by 19.1% in the 2nd quarter. Sheets Smith Wealth Management now owns 13,695 shares of the company’s stock worth $1,598,000 after buying an additional 2,200 shares during the period. Eagle Wealth Advisors LLC lifted its holdings in Palantir Technologies by 4.4% during the 2nd quarter. Eagle Wealth Advisors LLC now owns 8,754 shares of the company’s stock valued at $1,021,000 after buying an additional 367 shares in the last quarter. Finally, United Asset Strategies Inc. boosted its position in Palantir Technologies by 9.7% in the 2nd quarter. United Asset Strategies Inc. now owns 7,542 shares of the company’s stock valued at $880,000 after buying an additional 664 shares during the period. Institutional investors own 45.65% of the company’s stock.

Trending Headlines about Palantir Technologies

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?

Insider Buying and Selling

In other Palantir Technologies 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 $7,757,108.80. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a 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 Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider directly owned 592 shares in the company, valued at $80,535.68. This trade represents a 99.82% 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. Insiders have sold 1,150,302 shares of company stock worth $156,197,565 in the last three months. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $179.01 on Friday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The company has a market capitalization of $429.14 billion, a price-to-earnings ratio of 153.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.59. The company’s 50-day simple moving average is $133.83 and its two-hundred day simple moving average is $139.92.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Wednesday, May 6th. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Roth Capital assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued an “overweight” rating on the stock. Finally, Citigroup downgraded Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.19.

Palantir Technologies 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.