Dearborn Partners LLC Invests $490,000 in Palantir Technologies Inc. $PLTR

Dearborn Partners LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,350 shares of the company’s stock, valued at approximately $490,000.

A number of other hedge funds have also recently bought and sold shares of PLTR. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $29,000. Ballast Advisors LLC acquired a new stake in Palantir Technologies during the first quarter valued at approximately $29,000. Cornerstone Financial Management LLC acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $31,000. Whipplewood Advisors LLC bought a new stake in Palantir Technologies during the first quarter worth approximately $32,000. Finally, Prudent Man Investment Management Inc. bought a new stake in Palantir Technologies during the fourth quarter worth approximately $35,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s artificial-intelligence platform continues to attract strong demand from U.S. commercial and government customers. Recent coverage highlights its modular sales model, expanding commercial business and strong government relationships as competitive advantages. PLTR vs. PATH: Which AI-Driven Software Stock is the Better Buy?
• Positive Sentiment: Optimistic analysts and commentators point to Palantir’s accelerating revenue, a reported Rule of 40 score of 155 and the possibility of further gains toward $250. The company’s latest quarter also featured revenue growth of nearly 93% year over year and earnings above consensus estimates. Prediction: Palantir Stock Will Hit $250 on This Date
• Positive Sentiment: Palantir’s reported profitability remains a major attraction: second-quarter net income was approximately $1.06 billion on $1.94 billion of revenue, implying a roughly 55% net margin. However, coverage notes that interest income and other non-operating factors contributed materially to that figure. Palantir Keeps 55 Cents of Every Revenue Dollar as Profit
• Neutral Sentiment: Palantir’s stock has risen about 46% in August following its earnings report, leading investors and analysts to debate whether its strong fundamentals justify buying after the rally. Technical coverage says the shares remain in or near a buy zone but suggests waiting for a better entry point. Palantir has been on a tear this year. Two numbers signal investors should protect their gains
• Negative Sentiment: Rising long-term Treasury yields are pressuring high-multiple growth stocks. With Palantir trading at a very rich earnings multiple, investors may be reassessing the valuation and the present value of its future profits. Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
• Negative Sentiment: Cathie Wood’s investment firm reportedly sold about $27.2 million of Palantir shares after the rally. The sale adds near-term supply and reinforces concerns that some investors are locking in gains at stretched valuations. Cathie Wood Dumps $27.2 Million of Palantir Stock After 43% Rally

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the transaction, the director owned 54,107 shares in the company, valued at approximately $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 723,431 shares of company stock worth $117,330,908. 9.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. William Blair assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “neutral” rating on the stock. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating for the company. Phillip Securities lifted their target price on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Oppenheimer lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. Finally, Northland Securities set a $200.00 target price on Palantir Technologies in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $175.89 on Tuesday. The company has a market cap of $422.67 billion, a PE ratio of 150.33, a price-to-earnings-growth ratio of 2.54 and a beta of 1.59. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The firm has a 50 day simple moving average of $139.73 and a 200 day simple moving average of $140.82.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data 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 firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company posted $0.16 EPS. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 1.27 earnings per share for the current 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.