50,554 Shares in Palantir Technologies Inc. $PLTR Purchased by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 50,554 shares of the company’s stock, valued at approximately $5,898,000. Palantir Technologies makes up 1.7% of Kirtland Hills Capital Management LLC’s holdings, making the stock its 10th largest position.

Several other large investors also recently bought and sold shares of the company. Heartland Bank & Trust Co acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $1,312,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Palantir Technologies in the second quarter worth approximately $35,000. Ninepoint Partners LP acquired a new stake in shares of Palantir Technologies in the second quarter worth approximately $2,242,000. Great Lakes Advisors LLC purchased a new stake in shares of Palantir Technologies during the second quarter worth approximately $7,133,000. Finally, Investmark Advisory Group LLC increased its position in shares of Palantir Technologies by 10.0% during the second quarter. Investmark Advisory Group LLC now owns 1,855 shares of the company’s stock worth $216,000 after purchasing an additional 168 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir benefited from a broad risk-on session in which major stock indexes recovered from the prior sell-off and Bitcoin rallied, helping lift sentiment toward growth and AI equities. Stock Market Today: Dow Gains 550 Points; Palantir Rises, Bitcoin Rallies
• Positive Sentiment: Investor follow-through from Palantir’s latest quarterly report remains a major catalyst. Revenue rose 92.8% year over year to approximately $1.94 billion, U.S. commercial revenue surged 149%, and management raised its full-year 2026 revenue, operating-income and free-cash-flow outlooks. Record contract value also points to continued demand for the company’s AI software across commercial and defense customers. Palantir Rises as Strong AI Demand and Raised Outlook Keep Momentum Going
• Positive Sentiment: Palantir moved above a closely watched technical level and cleared a reported buy zone, potentially attracting momentum-oriented investors and creating an add-on entry for existing shareholders. Palantir Stock Clears Buy Zone But Could Offer Alternative Entry
• Neutral Sentiment: The options market implies less movement than Palantir has historically delivered, but its projected trading range remains wide. That signals elevated event and volatility risk rather than a clear directional catalyst. Even The Calm Reading On Palantir Puts Nearly Half The Position In Play
• Negative Sentiment: Valuation remains a significant concern after the recent rally. With a very high earnings multiple, investors may demand continued exceptional growth for further gains.
• Negative Sentiment: Michael Burry’s renewed bearish options position and warning that the AI data-center boom may contain leverage and circular-financing risks could pressure sentiment, particularly if enthusiasm for AI stocks fades. Palantir: Why Michael Burry’s Put Buys Should Not Deter Retail Investors
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases by insiders over the past six months, a potential caution signal for investors despite strong business momentum.

Analysts Set New Price Targets

Several research analysts recently commented on PLTR shares. BTIG Research downgraded Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a report on Tuesday, August 4th. Mizuho raised their price target on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Finally, Argus raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and an average target price of $192.19.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $179.94 on Friday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The stock has a market cap of $432.41 billion, a PE ratio of 153.79, a P/E/G ratio of 2.54 and a beta of 1.59. The stock has a 50 day moving average price of $138.90 and a 200 day moving average price of $140.74.

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This trade represents a 5.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total value of $190,752.80. Following the transaction, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. This represents a 2.40% 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 227,778 shares of company stock valued at $30,696,263 in the last three months. 9.53% of the stock is currently owned by 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.