3,446 Palantir Technologies Inc. $PLTR Shares Bought by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,000 shares of the company’s stock after acquiring an additional 3,446 shares during the quarter. Palantir Technologies accounts for approximately 5.0% of Sloy Dahl & Holst LLC’s portfolio, making the stock its 4th largest position. Sloy Dahl & Holst LLC’s holdings in Palantir Technologies were worth $34,791,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth about $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after purchasing an additional 7,678,747 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Palantir Technologies by 1,449.7% during the 4th quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock valued at $937,205,000 after acquiring an additional 4,932,364 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Palantir Technologies by 28.7% during the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Palantir Technologies by 795.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock worth $480,247,000 after buying an additional 2,952,079 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Friedman Stat sold 5,026 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. The trade was a 9.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the stock in a transaction dated Thursday, August 20th. The stock was 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 in the company, valued at $1,124,294,375.82. This trade 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. Over the last ninety days, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research analyst reports. DA Davidson boosted their price target on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Roth Capital initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research note on Wednesday, September 23rd. Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a report on Monday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.54.

Palantir Technologies Trading Down 3.7%

Palantir Technologies stock opened at $200.97 on Thursday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The firm has a market capitalization of $482.94 billion, a price-to-earnings ratio of 171.77, a P/E/G ratio of 2.87 and a beta of 1.60. The firm has a 50 day simple moving average of $181.44 and a 200 day simple moving average of $151.35.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business 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 revenue for the quarter was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current year.

More Palantir Technologies News

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

• Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
• Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
• Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
• Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.