7,010 Palantir Technologies Inc. $PLTR Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,302 shares of the company’s stock after selling 7,010 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Palantir Technologies were worth $41,769,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Dagco Inc. purchased a new position in shares of Palantir Technologies during the third quarter valued at approximately $207,000. Stewardship Advisors LLC purchased a new stake in Palantir Technologies in the 3rd quarter valued at $216,000. Ballast Inc. raised its position in Palantir Technologies by 40.7% in the 3rd quarter. Ballast Inc. now owns 2,812 shares of the company’s stock valued at $526,000 after buying an additional 814 shares during the last quarter. Net Worth Advisory Group raised its position in Palantir Technologies by 42.6% in the 3rd quarter. Net Worth Advisory Group now owns 4,366 shares of the company’s stock valued at $830,000 after buying an additional 1,304 shares during the last quarter. Finally, Focused Alpha LLC bought a new position in Palantir Technologies during the 3rd quarter valued at $786,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock in a transaction on 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 directly owned 58,171 shares in the company, valued at $10,170,035.93. The trade was a 3.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Shyam Sankar sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. This trade represents a 5.16% 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. Over the last three months, insiders have sold 560,390 shares of company stock worth $97,909,177. Company insiders own 9.53% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir partnered with Knox Systems to accelerate deployment of its software and AI tools in secure federal cloud environments, including FedRAMP and IL5 workloads. The agreement strengthens Palantir’s positioning with U.S. defense and government customers, although financial terms were not disclosed. Knox and Palantir partnership
• Positive Sentiment: Mizuho and Baird raised their price targets to $245 and $250, respectively, reflecting confidence in Palantir’s strong execution and growth outlook. The company’s second-quarter revenue rose approximately 93% year over year, and bulls expect another earnings beat. Palantir stock rebounds ahead of earnings
• Positive Sentiment: Some analysts view Palantir’s defense deployments, including the TITAN system, as evidence that its AI products are moving from pilot projects into recurring, operational use. Its capital-light model and strong free-cash-flow generation could help support margins. Palantir TITAN system delivery
• Neutral Sentiment: Palantir is scheduled to report earnings around Nov. 2. The report will be an important test of whether rapid commercial and government growth can continue and whether margins remain resilient.
• Neutral Sentiment: Market commentary identifies Palantir as one of the software companies with relatively sticky demand during the AI-sector sell-off. Analysts nevertheless caution that technical resistance near recent highs could produce additional volatility. Stocks with sticky AI demand
• Negative Sentiment: Valuation remains the main risk. Commentators warn that Palantir’s triple-digit earnings multiple already assumes years of exceptional execution, leaving limited room for slower growth, weaker margins, or a disappointing outlook. Palantir valuation risk
• Negative Sentiment: ETF investors were net sellers, while ARK Invest sold roughly $3.6 million of Palantir shares. Reported insider selling above $8 million in October adds another source of near-term supply and may reinforce concerns about profit-taking. ARK Invest sells Palantir shares

Palantir Technologies Trading Up 0.6%

Shares of PLTR stock traded up $1.11 during trading on Tuesday, hitting $195.26. The company’s stock had a trading volume of 8,216,461 shares, compared to its average volume of 42,101,797. The company has a market cap of $469.22 billion, a PE ratio of 166.84, a P/E/G ratio of 3.27 and a beta of 1.60. The business has a fifty day moving average of $182.99 and a 200-day moving average of $152.44. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. Palantir Technologies’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. As a group, research analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of analyst reports. Wolfe Research assumed coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating on the stock. Barclays began coverage on shares of Palantir Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $265.00 target price for the company. President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $25.50 to $133.00 in a report on Monday, June 29th. Royal Bank Of Canada reissued an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of Palantir Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.28.

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.