Palantir Technologies Inc. $PLTR Holdings Raised by IFP Advisors Inc

IFP Advisors Inc increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,075 shares of the company’s stock after buying an additional 8,989 shares during the period. IFP Advisors Inc’s holdings in Palantir Technologies were worth $18,906,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Guardian Wealth Advisors LLC NC raised its position in shares of Palantir Technologies by 67.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after acquiring an additional 4,283 shares in the last quarter. Independent Financial Group LLC boosted its position in shares of Palantir Technologies by 20.8% during the 2nd quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock valued at $21,957,000 after purchasing an additional 32,427 shares in the last quarter. World Equity Group Inc. boosted its position in shares of Palantir Technologies by 7.2% during the 2nd quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock valued at $5,090,000 after purchasing an additional 2,948 shares in the last quarter. Sage Capital Advisors llc boosted its position in shares of Palantir Technologies by 63.5% during the 2nd quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock valued at $7,810,000 after purchasing an additional 25,995 shares in the last quarter. Finally, V. M. Manning & CO. Inc. bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $539,000. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. DA Davidson raised their target price on Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 11th. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Weiss Ratings raised Palantir Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Barclays began coverage on Palantir Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $265.00 price target on the stock. Finally, Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $201.61.

Palantir Technologies Trading Down 7.2%

Palantir Technologies stock opened at $186.03 on Friday. The firm has a market capitalization of $447.04 billion, a price-to-earnings ratio of 159.00, a price-to-earnings-growth ratio of 3.27 and a beta of 1.60. The firm’s fifty day moving average price is $182.61 and its two-hundred day moving average price is $152.00. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 492,348 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. The trade was a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 sale, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. This represents a 3.41% decrease in their ownership of the stock. 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. Insiders have sold 560,390 shares of company stock worth $97,909,177 in the last 90 days. Company insiders own 9.53% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

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.