New Mexico Educational Retirement Board Raises Position in Palantir Technologies Inc. $PLTR

New Mexico Educational Retirement Board boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 113,700 shares of the company’s stock after buying an additional 9,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Palantir Technologies were worth $13,265,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares during the last quarter. State Street Corp boosted its stake in Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after purchasing an additional 1,126,418 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after buying an additional 805,047 shares in the last quarter. Norges Bank purchased a new stake in shares of Palantir Technologies during the fourth quarter worth $5,149,641,000. Finally, Invesco Ltd. raised its position in shares of Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after buying an additional 616,297 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Key Palantir Technologies News

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

• Positive Sentiment: Exceptional growth and profitability: Palantir’s Rule of 40 score reportedly reached 155%, supported by approximately 93% revenue growth and a 62% adjusted operating margin. The figures reinforce the bullish view that the company is converting AI demand into both rapid sales expansion and strong cash generation. Palantir’s Rule of 40 Surge Signals Strong AI-Driven Performance
• Positive Sentiment: Defense AI momentum: Palantir’s Maven Smart System is approaching a $1 billion annual revenue run rate, while Pentagon funding and its designation as a program of record could support as much as $2.30 billion over five years. This gives investors greater visibility into a potentially significant government growth engine. Palantir’s Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Strong technical and investor interest: PLTR recently broke out to a new high and was added to prominent best-stock and watch lists. Analysts and bullish commentators argue that the sovereign-AI opportunity and Palantir’s execution could justify price targets above current Wall Street estimates. Palantir, Nvidia Among 17 Stocks Rising Onto Best Stock Lists
• Neutral Sentiment: Covered-call strategies are being discussed after the recent rally, reflecting strong demand for PLTR exposure but also investor interest in generating income and potentially limiting downside.
• Negative Sentiment: Valuation remains a major risk: With Palantir trading at roughly 159 times earnings, some value investors view the stock as attractive only at a substantially lower price. Analysts also remain divided over whether its growth can justify the premium valuation. Value Investor Admits Palantir Cheaper Than Expected
• Negative Sentiment: Insider selling and AI concentration concerns: CEO Alexander Karp has sold nearly $86 million of stock, and co-founder Peter Thiel has reduced his stake over time. Separately, investor Steve Eisman warned that AI revenue at major cloud companies is heavily concentrated among OpenAI and Anthropic, raising questions about the durability of AI-related spending and valuations. NVIDIA, Palantir Technologies, and the AI Achilles’ Heel

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction 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 trade represents a 5.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. The trade was a 5.16% 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 90 days, insiders sold 721,764 shares of company stock worth $117,080,858. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Up 0.2%

Shares of PLTR stock opened at $186.29 on Friday. The company’s 50-day moving average price is $143.76 and its 200-day moving average price is $142.05. The stock has a market cap of $447.67 billion, a price-to-earnings ratio of 159.22, a PEG ratio of 2.63 and a beta of 1.59. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month 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 (EPS) 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 period last year, the business earned $0.16 earnings per share. Palantir Technologies’s revenue was up 92.8% compared to the same quarter last year. As a group, equities research analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several research reports. Wolfe Research began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Wedbush started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating for the company. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Mizuho raised their target price 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, Weiss Ratings restated a “hold (c)” rating on shares of Palantir Technologies in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.19.

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.