4,918 Shares in Palantir Technologies Inc. $PLTR Acquired by Providence First Trust Co

Providence First Trust Co bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,918 shares of the company’s stock, valued at approximately $920,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. Ballast Advisors LLC purchased a new position in Palantir Technologies in the first quarter worth about $29,000. Whipplewood Advisors LLC purchased a new stake in Palantir Technologies in the first quarter worth approximately $32,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Palantir Technologies in the 2nd quarter worth $35,000. Laurel Wealth Advisors LLC purchased a new position in Palantir Technologies in the third quarter worth about $35,000. Finally, Cranbrook Wealth Management LLC grew its position in Palantir Technologies by 40.7% during the third quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock valued at $37,000 after buying an additional 57 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PLTR. Phillip Securities cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $90.00 to $130.00 and gave the company an “underperform” rating in a research note on Tuesday. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. Barclays boosted their target price on shares of Palantir Technologies from $265.00 to $273.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Yorkville Ives began coverage on Palantir Technologies in a research report on Tuesday, October 6th. They set an “outperform” rating and a $250.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.53.

Insider Activity

In other news, Director Lauren Friedman Stat sold 1,358 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.29, for a total transaction of $252,981.82. Following the completion of the sale, the director owned 45,044 shares in the company, valued at approximately $8,391,246.76. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan Taylor sold 18,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. This represents a 6.15% decrease in their position. 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. In the last 90 days, insiders have sold 523,716 shares of company stock worth $92,212,379. Company 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 beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Palantir Technologies Stock Up 3.5%

Shares of NASDAQ PLTR traded up $5.39 during midday trading on Friday, reaching $160.38. 24,291,037 shares of the company’s stock traded hands, compared to its average volume of 24,029,898. The company has a market cap of $385.40 billion, a price-to-earnings ratio of 112.15, a P/E/G ratio of 3.18 and a beta of 1.65. The stock’s 50 day simple moving average is $185.88 and its 200-day simple moving average is $153.74. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 95.9% compared to the same quarter last year. Equities analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.