Simplicity Wealth LLC Increases Holdings in Palantir Technologies Inc. $PLTR

Simplicity Wealth LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 79.3% during the second quarter, HoldingsChannel.com reports. The firm owned 49,910 shares of the company’s stock after purchasing an additional 22,072 shares during the quarter. Simplicity Wealth LLC’s holdings in Palantir Technologies were worth $5,823,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. BCGM Wealth Management LLC grew its holdings in Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock valued at $374,000 after buying an additional 64 shares in the last quarter. CYBER HORNET ETFs LLC lifted its holdings in shares of Palantir Technologies by 1.2% in the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company’s stock worth $966,000 after buying an additional 65 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Palantir Technologies by 0.4% in the fourth quarter. Verdence Capital Advisors LLC now owns 17,574 shares of the company’s stock worth $3,124,000 after buying an additional 67 shares in the last quarter. Financial Partners Group Inc boosted its position in shares of Palantir Technologies by 1.8% in the fourth quarter. Financial Partners Group Inc now owns 3,802 shares of the company’s stock valued at $676,000 after acquiring an additional 68 shares during the period. Finally, LifeSteps Financial Inc. boosted its position in shares of Palantir Technologies by 4.9% in the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company’s stock valued at $217,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir benefited from a broad risk-on session in which major stock indexes recovered from the prior sell-off and Bitcoin rallied, helping lift sentiment toward growth and AI equities. Stock Market Today: Dow Gains 550 Points; Palantir Rises, Bitcoin Rallies
• Positive Sentiment: Investor follow-through from Palantir’s latest quarterly report remains a major catalyst. Revenue rose 92.8% year over year to approximately $1.94 billion, U.S. commercial revenue surged 149%, and management raised its full-year 2026 revenue, operating-income and free-cash-flow outlooks. Record contract value also points to continued demand for the company’s AI software across commercial and defense customers. Palantir Rises as Strong AI Demand and Raised Outlook Keep Momentum Going
• Positive Sentiment: Palantir moved above a closely watched technical level and cleared a reported buy zone, potentially attracting momentum-oriented investors and creating an add-on entry for existing shareholders. Palantir Stock Clears Buy Zone But Could Offer Alternative Entry
• Neutral Sentiment: The options market implies less movement than Palantir has historically delivered, but its projected trading range remains wide. That signals elevated event and volatility risk rather than a clear directional catalyst. Even The Calm Reading On Palantir Puts Nearly Half The Position In Play
• Negative Sentiment: Valuation remains a significant concern after the recent rally. With a very high earnings multiple, investors may demand continued exceptional growth for further gains.
• Negative Sentiment: Michael Burry’s renewed bearish options position and warning that the AI data-center boom may contain leverage and circular-financing risks could pressure sentiment, particularly if enthusiasm for AI stocks fades. Palantir: Why Michael Burry’s Put Buys Should Not Deter Retail Investors
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases by insiders over the past six months, a potential caution signal for investors despite strong business momentum.

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. Wolfe Research began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating for the company. DA Davidson raised their price target on shares of Palantir Technologies from $175.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Tuesday, August 4th. Finally, Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares of the company’s stock, valued at $7,757,108.80. The trade was a 2.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of Palantir Technologies stock in a transaction dated Thursday, July 2nd. The stock was 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 of the company’s stock, valued at approximately $77,986,870. This trade represents 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 ninety days, insiders sold 227,778 shares of company stock worth $30,696,263. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $179.94 on Friday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The stock has a market cap of $432.41 billion, a PE ratio of 153.79, a P/E/G ratio of 2.46 and a beta of 1.59. The firm has a 50 day simple moving average of $138.90 and a two-hundred day simple moving average of $140.74.

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, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business’s quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. On average, research analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

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.