Milestone Asset Management LLC Has $2.62 Million Stock Position in Palantir Technologies Inc. $PLTR

Milestone Asset Management LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 27.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,465 shares of the company’s stock after acquiring an additional 4,778 shares during the quarter. Milestone Asset Management LLC’s holdings in Palantir Technologies were worth $2,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. PFA Pension Forsikringsaktieselskab bought a new position in shares of Palantir Technologies in the 4th quarter valued at about $222,143,000. VCI Wealth Management LLC grew its position in shares of Palantir Technologies by 42.3% during the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after buying an additional 3,621 shares during the period. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Palantir Technologies by 72.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 67,403 shares of the company’s stock worth $12,113,000 after buying an additional 28,256 shares during the last quarter. Finally, Optas LLC lifted its holdings in Palantir Technologies by 55.2% in the fourth quarter. Optas LLC now owns 18,647 shares of the company’s stock valued at $3,315,000 after buying an additional 6,633 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the sale, the director owned 54,107 shares in the company, valued at $8,927,655. This represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the firm’s 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 sale, the insider directly owned 60,226 shares in the company, valued at $7,757,108.80. The trade was a 2.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,150,302 shares of company stock valued at $156,197,565. 9.53% of the stock is currently owned by company insiders.

Key Stories Impacting 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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. DZ Bank began coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They set a “buy” rating and a $175.00 target price for the company. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Finally, Phillip Securities raised their price target on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $174.04 on Friday. The company has a market capitalization of $418.23 billion, a price-to-earnings ratio of 148.75, a P/E/G ratio of 2.55 and a beta of 1.59. The firm’s 50 day simple moving average is $134.60 and its 200 day simple moving average is $140.15. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data 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. The business had revenue of $1.94 billion for 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%. Palantir Technologies’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. Equities research analysts expect that Palantir Technologies Inc. will post 1.26 earnings per share for the current 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.