Kingsview Wealth Management LLC Buys 9,588 Shares of Palantir Technologies Inc. $PLTR

Kingsview Wealth Management LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.3% in the second quarter, HoldingsChannel reports. The firm owned 431,899 shares of the company’s stock after acquiring an additional 9,588 shares during the period. Kingsview Wealth Management LLC’s holdings in Palantir Technologies were worth $50,390,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Henson Edgewater Management LLC raised its stake in Palantir Technologies by 7.1% in the second quarter. Henson Edgewater Management LLC now owns 82,086 shares of the company’s stock worth $9,577,000 after buying an additional 5,408 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in Palantir Technologies by 90.7% in the second quarter. Beacon Pointe Advisors LLC now owns 482,498 shares of the company’s stock valued at $56,293,000 after buying an additional 229,423 shares during the last quarter. Kimelman & Baird LLC raised its position in shares of Palantir Technologies by 38.0% in the 2nd quarter. Kimelman & Baird LLC now owns 3,412 shares of the company’s stock valued at $398,000 after purchasing an additional 939 shares during the last quarter. Rakuten Investment Management Inc. boosted its stake in Palantir Technologies by 15.2% in the 2nd quarter. Rakuten Investment Management Inc. now owns 546,398 shares of the company’s stock worth $63,218,000 after purchasing an additional 72,001 shares in the last quarter. Finally, RB Capital Management LLC boosted its stake in Palantir Technologies by 6.0% in the 2nd quarter. RB Capital Management LLC now owns 8,292 shares of the company’s stock worth $967,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several research analyst reports. Citigroup downgraded shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a research report on Tuesday, August 4th. Roth Capital started coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set an “overweight” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a report on Thursday, July 30th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Palantir Technologies News Summary

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

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 492,348 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the sale, the insider directly owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This represents a 2.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 721,764 shares of company stock valued at $117,080,858 over the last quarter. Insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $186.29 on Friday. The firm 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 one year low of $106.37 and a one year high of $207.52. The firm’s fifty day moving average is $143.76 and its two-hundred day moving average is $142.05.

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, beating the consensus estimate 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%.Palantir Technologies’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period last year, the business earned $0.16 earnings per share. As a group, equities research analysts predict that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal 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.