Hedeker Wealth LLC Has $19.89 Million Stock Position in Palantir Technologies Inc. $PLTR

Hedeker Wealth LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 20.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 170,510 shares of the company’s stock after selling 44,378 shares during the period. Palantir Technologies makes up 3.8% of Hedeker Wealth LLC’s portfolio, making the stock its 3rd largest holding. Hedeker Wealth LLC’s holdings in Palantir Technologies were worth $19,893,000 as of its most recent SEC filing.

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

Palantir Technologies News Summary

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

• Positive Sentiment: Sovereign AI partnership: Palantir named Nebius Group its preferred sovereign AI infrastructure partner. Nebius will provide dedicated NVIDIA-powered GPU capacity, while Palantir’s AIP, Foundry and Apollo platforms will manage the software layer inside a secure enterprise perimeter. The arrangement could help Palantir win regulated government and corporate workloads without investing billions in data-center hardware. Palantir Names Nebius Its Preferred Sovereign AI Partner
• Positive Sentiment: Potential recurring demand: The partnership supports Palantir’s strategy of helping customers run proprietary or open-source AI models on dedicated infrastructure, reducing reliance on unpredictable pay-per-token fees. Data-residency rules and the EU AI Act could support demand for these localized deployments. Sovereign AI: Palantir and Nebius Cut the Cloud Cord
• Positive Sentiment: Strong operating momentum: Recent results showed revenue growth of roughly 93% year over year, with earnings and sales exceeding consensus estimates. Commentary highlighting Palantir’s continued ability to beat expectations and its strong August performance remains a support for the long-term growth case. This Could Be the AI Stock That Keeps Surprising Wall Street
• Neutral Sentiment: Market and analyst debate: A bullish rating upgrade argues that Palantir is becoming an important “meta-compute” layer for enterprise AI, while a separate analysis says the company may be running short of near-term catalysts and downgraded the stock. Investors are increasingly focused on whether partnership announcements translate into signed, recurring contracts.
• Negative Sentiment: Valuation and trading concerns: With a market capitalization above $400 billion and a very high price-to-earnings ratio, the stock’s growth expectations are demanding. Articles also revived Michael Burry’s criticism that Palantir’s economics may resemble consulting more than pure software, potentially limiting the valuation premium. Palantir and Nebius Team Up
• Negative Sentiment: Shareholder selling: Cathie Wood’s ARK Invest reduced its Palantir position while reallocating capital to other technology names. Although this does not change Palantir’s fundamentals, it adds to short-term selling pressure and investor caution. Cathie Wood Dumps $25 Million of Palantir Shares

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PLTR shares. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. UBS Group set a $215.00 price target on Palantir Technologies in a report on Tuesday, August 11th. DA Davidson raised their price target on Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Mizuho lifted their price objective on Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Finally, Benchmark reiterated a “hold” rating 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 given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Palantir Technologies Trading Down 2.3%

PLTR opened at $170.30 on Wednesday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The company has a market capitalization of $409.24 billion, a PE ratio of 145.56, a PEG ratio of 2.47 and a beta of 1.62. The firm’s 50 day simple moving average is $152.46 and its two-hundred day simple moving average is $144.17.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results 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. 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 for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $0.16 EPS. The company’s revenue was up 92.8% compared to the same quarter last year. Equities analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the transaction, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Alexander Karp sold 492,348 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 721,508 shares of company stock valued at $117,070,093 in the last 90 days. 9.53% of the stock is owned by company insiders.

About Palantir Technologies

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.