Palantir Technologies Inc. $PLTR Stock Holdings Cut by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 14.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 85,647 shares of the company’s stock after selling 14,080 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Palantir Technologies were worth $9,992,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLTR. Basepoint Wealth LLC bought a new position in Palantir Technologies during the fourth quarter valued at about $29,000. Morton Brown Family Wealth LLC raised its position in Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the fourth quarter worth about $31,000. Wexford Capital LP acquired a new stake in Palantir Technologies in the 3rd quarter valued at about $36,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in Palantir Technologies in the 4th quarter valued at about $35,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $174.04 on Monday. 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 $418.23 billion, a PE ratio of 148.75, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. The firm’s fifty day simple moving average is $134.60 and its 200-day simple moving average is $139.96.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. As a group, analysts predict that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLTR. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research note on Friday, July 31st. DZ Bank initiated coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They set a “buy” rating and a $175.00 target price for the company. Mizuho raised their target price on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Wolfe Research began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating on the stock. Finally, Roth Capital initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $192.19.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This trade represents 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 hyperlink. 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 Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 1,150,302 shares of company stock worth $156,197,565. Insiders own 9.53% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

About Palantir Technologies

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.