Palantir Technologies Inc. $PLTR Stock Bought by Succession Financial Inc.

Succession Financial Inc. increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 133.1% in the third quarter, Holdings Channel reports. The institutional investor owned 4,815 shares of the company’s stock after buying an additional 2,749 shares during the period. Palantir Technologies makes up 0.9% of Succession Financial Inc.’s holdings, making the stock its 14th largest holding. Succession Financial Inc.’s holdings in Palantir Technologies were worth $901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. XY Planning Network Inc. acquired a new stake in Palantir Technologies during the third quarter worth approximately $298,000. Define Financial LLC bought a new position in Palantir Technologies during the 3rd quarter worth $255,000. Signal Advisors Wealth LLC raised its holdings in Palantir Technologies by 204.7% in the 3rd quarter. Signal Advisors Wealth LLC now owns 21,291 shares of the company’s stock valued at $3,982,000 after acquiring an additional 41,622 shares in the last quarter. Ifrah Financial Services Inc. acquired a new position in Palantir Technologies in the 3rd quarter valued at $293,000. Finally, Foster Group Inc. raised its holdings in Palantir Technologies by 0.6% in the 3rd quarter. Foster Group Inc. now owns 44,019 shares of the company’s stock valued at $8,234,000 after acquiring an additional 283 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 0.2%

Shares of PLTR stock opened at $208.67 on Wednesday. The business has a fifty day simple moving average of $180.59 and a 200 day simple moving average of $150.98. The company has a market cap of $501.45 billion, a P/E ratio of 178.35, a P/E/G ratio of 2.87 and a beta of 1.60. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly 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 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 period in the prior year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PLTR shares. Cantor Fitzgerald initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating for the company. UBS Group raised their price target on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 8th. Roth Capital initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Finally, President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.54.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s latest operating trends remain a major bullish factor. Revenue rose 92.8% year over year in the most recently reported quarter, earnings exceeded expectations, and management raised fiscal 2026 revenue guidance. Several analysts and investors argue that consensus estimates may still be too conservative. Palantir growth and guidance article
• Positive Sentiment: The company’s partnership with Ondas to launch Regna AI could broaden Palantir’s sovereign-defense opportunity. The standalone venture will develop specialized AI models for drones, surveillance systems, ground vehicles and other mission-critical platforms, potentially supporting future government demand. Regna AI announcement
• Neutral Sentiment: Palantir scheduled its third-quarter 2026 earnings release for November 2 after the market close. Investors will look for evidence that the company can sustain its rapid growth and justify its premium valuation. Palantir earnings announcement
• Neutral Sentiment: CTO Shyam Sankar’s criticism of AI safety advocates and comments about the Pentagon’s AI strategy reinforce Palantir’s defense-focused positioning, but the provocative tone could attract regulatory or reputational attention. Palantir CTO comments
• Negative Sentiment: Director Lauren Friedman Stat sold 5,026 shares for approximately $1.0 million, while insider Ryan Taylor sold 18,000 shares for about $3.6 million. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance, but continued insider selling can weigh on sentiment. Palantir insider selling report
• Negative Sentiment: Phillip Securities downgraded Palantir to “hold,” while valuation analyses describe the shares as expensive, with a very high earnings multiple and the stock trading above the average published analyst target. This leaves the shares vulnerable to profit-taking if growth slows. Palantir rating downgrade

Insider Activity at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider owned 58,171 shares in the company, valued at $10,170,035.93. This represents a 3.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 Alexander C. Karp sold 492,348 shares of the firm’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 value of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This represents a 7.11% decrease in their position. 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 sold 559,390 shares of company stock valued at $97,704,177 over the last ninety days. Insiders own 9.53% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.