Palantir Technologies Inc. $PLTR Shares Bought by Elite Wealth Management Inc.

Elite Wealth Management Inc. grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 35.0% during the 3rd quarter, Holdings Channel reports. The firm owned 89,558 shares of the company’s stock after purchasing an additional 23,199 shares during the period. Palantir Technologies makes up approximately 3.2% of Elite Wealth Management Inc.’s portfolio, making the stock its 7th biggest position. Elite Wealth Management Inc.’s holdings in Palantir Technologies were worth $16,752,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. M Holdings Securities Inc. lifted its stake in shares of Palantir Technologies by 0.7% in the 3rd quarter. M Holdings Securities Inc. now owns 12,213 shares of the company’s stock valued at $2,221,000 after purchasing an additional 81 shares during the period. Shepherd Financial Partners LLC boosted its position in shares of Palantir Technologies by 1.8% in the 3rd quarter. Shepherd Financial Partners LLC now owns 11,886 shares of the company’s stock worth $2,223,000 after purchasing an additional 208 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Palantir Technologies by 1.7% during the third quarter. Brighton Jones LLC now owns 60,994 shares of the company’s stock worth $11,409,000 after purchasing an additional 1,025 shares during the period. Cullinan Associates Inc. acquired a new stake in shares of Palantir Technologies during the third quarter worth $700,000. Finally, Uhlmann Price Securities LLC grew its stake in shares of Palantir Technologies by 94.0% during the third quarter. Uhlmann Price Securities LLC now owns 17,845 shares of the company’s stock worth $3,329,000 after purchasing an additional 8,645 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Robert W. Baird set a $250.00 price objective on Palantir Technologies in a report on Monday, October 12th. Weiss Ratings upgraded Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Oppenheimer restated an “outperform” rating and set a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a research report on Thursday, October 29th. Truist Financial restated a “buy” rating and set a $250.00 target price (up from $223.00) on shares of Palantir Technologies in a research report on Tuesday, November 3rd. Finally, Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $214.53.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 18,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the transaction, the insider owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing 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 company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. 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 523,716 shares of company stock worth $92,212,379 in the last quarter. Company insiders own 9.53% of the company’s stock.

Palantir Technologies News Summary

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 Performance

NASDAQ:PLTR opened at $160.38 on Monday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The stock has a 50-day moving average price of $185.88 and a two-hundred day moving average price of $153.74. The stock has a market cap of $385.40 billion, a price-to-earnings ratio of 112.15, a PEG ratio of 3.24 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $0.21 earnings per share. Palantir Technologies’s revenue was up 95.9% compared to the same quarter last year. Sell-side analysts forecast that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Palantir Technologies Company Profile

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.