Verdence Capital Advisors LLC Buys 14,374 Shares of Palantir Technologies Inc. $PLTR

Verdence Capital Advisors LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 81.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,093 shares of the company’s stock after purchasing an additional 14,374 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Palantir Technologies were worth $6,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ballast Advisors LLC purchased a new stake in Palantir Technologies in the first quarter worth about $29,000. Retirement Wealth Solutions LLC lifted its position in shares of Palantir Technologies by 51.7% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock valued at $41,000 after buying an additional 74 shares in the last quarter. Dakota Community Bank & Trust NA lifted its position in shares of Palantir Technologies by 219.1% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock valued at $41,000 after buying an additional 149 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Palantir Technologies during the 1st quarter valued at about $32,000. Finally, PFS Partners LLC grew its stake in shares of Palantir Technologies by 28.9% during the 3rd quarter. PFS Partners LLC now owns 250 shares of the company’s stock valued at $47,000 after acquiring an additional 56 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 1.1%

Shares of Palantir Technologies stock opened at $198.84 on Tuesday. The company has a market capitalization of $477.82 billion, a price-to-earnings ratio of 169.95, a PEG ratio of 3.46 and a beta of 1.60. The stock’s 50-day simple moving average is $185.25 and its 200-day simple moving average is $153.60. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results 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 return on equity of 30.57% and a net margin of 49.01%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business posted $0.16 earnings per share. The firm’s revenue was up 92.8% on a year-over-year basis. On average, equities analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

More Palantir Technologies News

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

• Positive Sentiment: Earnings are the key near-term catalyst. Investors expect another strong quarter after Palantir’s previous report showed 92.8% year-over-year revenue growth and an earnings beat. A further acceleration in revenue, strong demand for AIP and Ontology, or an upbeat outlook could support the stock and potentially strengthen the case for a move toward $300. Will Palantir Technologies Stock Hit $300 Before the End of 2026?
• Positive Sentiment: AI demand remains the central growth narrative. Articles highlight Palantir’s commercial AI expansion, including evidence that customers are measuring substantial productivity gains and potential opportunities in advertising and other industries outside its traditional government and enterprise markets. Palantir is taking its AI into an unexpected new business
• Positive Sentiment: Investor interest and sector positioning are favorable. Burke Wealth initiated a position, while Palantir is among software and cybersecurity names holding up as some semiconductor stocks decline. Analyst price targets cited by one report range from $231 to $250, above the referenced trading level. Burke Wealth Initiates a New Position in Palantir
• Neutral Sentiment: Short-interest data provides little signal. The latest report lists short interest at zero shares and a zero-day days-to-cover ratio, suggesting no measurable short-selling pressure, although the data conflicts with commentary that short interest increased.
• Negative Sentiment: Valuation leaves little room for disappointment. Palantir trades at roughly 122 times expected 2026 earnings, according to one report. Michael Burry reportedly remains short, framing the November 2 earnings release as a test of whether AI growth can justify the premium valuation. Michael Burry Is Shorting PLTR

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the transaction, the insider directly owned 58,171 shares of the company’s stock, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Also, insider Ryan Taylor sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the transaction, the insider owned 274,667 shares of the company’s stock, valued at $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 560,390 shares of company stock worth $97,909,177 in the last quarter. 9.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several analyst reports. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Jefferies Financial Group restated an “underperform” rating and set a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. The Goldman Sachs Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 price target on the stock in a report on Thursday, October 8th. Barclays started coverage on shares of Palantir Technologies in a research report on Friday, October 9th. They issued an “overweight” rating and a $265.00 price target for the company. Finally, Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.55.

Palantir Technologies Company 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.