Palantir Technologies Inc. $PLTR Shares Purchased by Draper Asset Management LLC

Draper Asset Management LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 58.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,548 shares of the company’s stock after acquiring an additional 5,716 shares during the quarter. Palantir Technologies comprises approximately 0.9% of Draper Asset Management LLC’s portfolio, making the stock its 15th biggest holding. Draper Asset Management LLC’s holdings in Palantir Technologies were worth $1,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth about $29,000. Cornerstone Financial Management LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $31,000. Whipplewood Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth about $32,000. Finally, Prudent Man Investment Management Inc. purchased a new position in Palantir Technologies in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the sale, the director directly owned 54,107 shares in the company, valued at $8,927,655. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $19,500,000.00. Following the sale, the insider directly owned 599,899 shares in the company, valued at approximately $77,986,870. The trade was a 20.00% 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. Over the last three months, insiders sold 720,166 shares of company stock worth $116,825,178. 9.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. BNP Paribas Exane began coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an “underperform” rating on the stock. Wedbush initiated coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an “outperform” rating for the company. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. Two equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.19.

More Palantir Technologies News

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

• Positive Sentiment: U.S. Army TITAN award strengthens defense outlook: Palantir won an agreement to produce and deliver eight AI-enabled TITAN battlefield intelligence ground stations. Reports value Palantir’s portion at approximately $127 million within a broader $192 million production award shared with Anduril. The contract moves TITAN into production and supports Palantir’s position in software-defined defense. Palantir to Deliver Eight TITAN Systems to the U.S. Army
• Positive Sentiment: Commercial and financial-services expansion remains a catalyst: Former AIG Chairman and CEO Peter Zaffino will join Palantir in January 2027 as Global Head of Financial Services. The appointment could help accelerate enterprise adoption, although some valuation analysis suggests the hiring news may already be reflected in the share price. Peter Zaffino to Join Palantir Technologies as Global Head of Financial Services
• Positive Sentiment: Some analysts remain bullish: Zacks upgraded Palantir to Rank #1, or Strong Buy, citing improving earnings prospects. Jim Cramer also pointed to Palantir’s Rule of 40 performance, while Baird maintained an Outperform view and a $200 price target following a product demonstration. Palantir Technologies Upgraded to Strong Buy
• Neutral Sentiment: Leadership is increasing its defense-tech exposure: CEO Alex Karp is backing a new defense-technology venture led by former Ukrainian defense official Mykhailo Fedorov. The move may expand Palantir’s strategic network, but it is not an immediate revenue catalyst for PLTR. Palantir CEO Alex Karp backs new defense-tech startup
• Negative Sentiment: Profit-taking and institutional selling are weighing on the shares: Palantir gained roughly 48% in August, prompting investors to lock in gains. ARK Invest also sold about $26 million of PLTR stock, adding to near-term supply. Palantir stock falls as investors take profit
• Negative Sentiment: Valuation remains the central concern: With a market capitalization above $400 billion and a price-to-earnings ratio near 145, the stock is priced for sustained high growth. Analysts are questioning whether recent gains leave insufficient room for execution missteps, while a downgrade after reaching a price target has reinforced caution. Why Palantir’s stock is suffering its worst slump since February
• Negative Sentiment: Competitive and sector pressures are adding to the pullback: Google’s push into markets that overlap with Palantir’s profitable AI and government-software businesses raises a longer-term competitive risk. Broad selling across software stocks is amplifying the effect, even as the Army contract provides supportive fundamentals. Palantir Stock Gets New Problem From Google

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $169.46 on Thursday. The firm’s 50-day moving average is $147.48 and its two-hundred day moving average is $142.97. The company has a market capitalization of $407.22 billion, a PE ratio of 144.84, a price-to-earnings-growth ratio of 2.54 and a beta of 1.62. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the company posted $0.16 EPS. The company’s revenue was up 92.8% on a year-over-year basis. On average, analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

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.