Sax Wealth Advisors LLC Purchases 3,274 Shares of Palantir Technologies Inc. $PLTR

Sax Wealth Advisors LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 55.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,194 shares of the company’s stock after acquiring an additional 3,274 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Palantir Technologies were worth $1,073,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC increased its holdings in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its position in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. raised its position in shares of Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $315,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Thursday, July 30th. Piper Sandler reiterated an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. Citigroup lowered shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a research report on Tuesday, August 4th. Oppenheimer cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald started coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.73.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $172.01 on Monday. The stock’s fifty day moving average price is $131.76 and its 200 day moving average price is $139.70. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The company has a market cap of $412.36 billion, a price-to-earnings ratio of 147.02, a price-to-earnings-growth ratio of 2.45 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.16 earnings per share. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the sale, the insider owned 592 shares of the company’s stock, valued at approximately $80,535.68. The trade was a 99.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. The trade was a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 1,115,302 shares of company stock valued at $150,748,065. 9.53% of the stock is owned by company insiders.

Key Palantir Technologies News

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

• Positive Sentiment: Exceptional second-quarter results remain the primary catalyst. Palantir reported revenue of $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. Strong U.S. commercial growth, expanding margins and raised guidance reinforced expectations that demand for its Artificial Intelligence Platform (AIP) is translating into substantial customer contracts. Palantir’s stock stages best week since 2024 — showing it’s no longer an AI loser
• Positive Sentiment: Analysts are raising earnings expectations. Northland Securities lifted its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39, while also raising quarterly projections. The revisions suggest the earnings surge may be more durable than a one-quarter event. Northland Securities earnings estimates
• Positive Sentiment: A weaker-than-expected July jobs report boosted technology stocks. The data reduced expectations for a near-term Federal Reserve rate hike, supporting high-growth software valuations and helping agentic-AI peers rally alongside PLTR. SpaceX and Palantir lead tech stock rally after underwhelming jobs report
• Neutral Sentiment: Technical traders viewed the move above resistance near $160 as a potential breakout, which may be attracting momentum-oriented buying. Stock of the Day: Is Palantir Breaking Out?
• Negative Sentiment: Valuation and investor selling remain important risks. With a very high earnings multiple, the stock requires continued exceptional growth. Michael Burry continues to hold a bearish position, while ARK Invest trimmed its PLTR stake after the rally, signaling that some investors are taking profits. Why Michael Burry is still shorting Palantir

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.