Abel Hall LLC Acquires 3,822 Shares of Palantir Technologies Inc. $PLTR

Abel Hall LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 175.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,001 shares of the company’s stock after purchasing an additional 3,822 shares during the period. Abel Hall LLC’s holdings in Palantir Technologies were worth $1,122,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PLTR. Crown Wealth Group LLC boosted its position in shares of Palantir Technologies by 2.2% during the third quarter. Crown Wealth Group LLC now owns 5,173 shares of the company’s stock worth $968,000 after purchasing an additional 113 shares in the last quarter. New Wave Wealth Advisors LLC grew its holdings in shares of Palantir Technologies by 5.0% in the 3rd quarter. New Wave Wealth Advisors LLC now owns 4,266 shares of the company’s stock valued at $798,000 after buying an additional 205 shares during the period. LexAurum Advisors LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at $387,000. Kaufman Rossin Wealth LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at $354,000. Finally, BDF Gestion increased its position in shares of Palantir Technologies by 29.7% in the 3rd quarter. BDF Gestion now owns 51,741 shares of the company’s stock valued at $9,678,000 after buying an additional 11,849 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Knox Systems partnership supports government growth. Palantir and Knox Systems will collaborate to accelerate delivery of secure software and AI solutions for federal customers operating in FedRAMP and IL5 environments. Knox’s managed-cloud infrastructure and expedited authorization process could help Palantir deploy its products more quickly across defense and government agencies. Knox and Palantir Partner to Further Accelerate Delivery of Software through Largest Federal Cloud
• Positive Sentiment: TITAN delivery reinforces Palantir’s defense positioning. Commentary on the company’s TITAN system delivery argues that Palantir is moving beyond an AI investment narrative toward operational deployment. The defense work could provide recurring, high-margin revenue and strengthen Palantir’s position during a broader U.S. and global defense-spending cycle. Palantir: TITAN System Delivery And My DOW Mistake
• Positive Sentiment: Technical momentum remains favorable. One analysis identified a rare bullish chart pattern after PLTR’s advance from its June low and suggested the setup could support further gains. Other commentary highlighted Palantir’s strong government business, accelerating commercial growth and AI products already being used in production. Palantir stock flashes a rare technical pattern that points to more upside
• Neutral Sentiment: Investors are awaiting the next earnings report. Palantir’s next earnings release is expected on November 2. Analysts and market commentators anticipate another strong performance, but the stock’s substantial prior rally means results may need to exceed high expectations to produce additional upside. 4 Stocks With Demand So Sticky That the AI Sell-Off Barely Touched Them at All
• Negative Sentiment: Valuation and profit-taking remain major risks. Analysts noted that PLTR trades at a very high earnings multiple, leaving the stock vulnerable if growth slows, expectations are missed or enthusiasm for AI stocks fades. Commentary also suggested that investors with oversized positions may reasonably trim holdings, while technical sellers are watching resistance near recent highs. Palantir Stock Is Near a Record High. Should Investors Sell?

Insiders Place Their Bets

In other Palantir Technologies news, Director Eric H. Woersching sold 1,000 shares of Palantir Technologies stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the sale, the director owned 3,465 shares of the company’s stock, valued at $710,325. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. 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 completion of the sale, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 560,390 shares of company stock worth $97,909,177 in the last ninety days. 9.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of several research analyst reports. Barclays started coverage on Palantir Technologies in a research note on Friday, October 9th. They set an “overweight” rating and a $265.00 price objective on the stock. Cantor Fitzgerald assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued an “overweight” rating for the company. William Blair restated an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a report on Tuesday, August 11th. Finally, Benchmark reaffirmed a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $203.28.

Palantir Technologies Price Performance

PLTR traded up $8.12 during trading on Monday, reaching $194.15. The company had a trading volume of 23,909,741 shares, compared to its average volume of 42,272,160. The company has a market cap of $466.55 billion, a P/E ratio of 165.94, a PEG ratio of 3.27 and a beta of 1.60. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The business’s fifty day moving average price is $182.61 and its 200 day moving average price is $152.10.

Palantir Technologies (NASDAQ:PLTR) last issued 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. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was up 92.8% compared to the same quarter last year. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Palantir Technologies Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.