Collaborative Fund Advisors LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 4,381 shares of the company’s stock, valued at approximately $819,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new position in Palantir Technologies in the third quarter valued at approximately $35,000. Cranbrook Wealth Management LLC increased its position in shares of Palantir Technologies by 40.7% in the third quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock worth $37,000 after acquiring an additional 57 shares in the last quarter. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth $29,000. Retirement Wealth Solutions LLC boosted its position in Palantir Technologies by 51.7% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock worth $41,000 after purchasing an additional 74 shares during the period. Finally, Dakota Community Bank & Trust NA raised its position in Palantir Technologies by 219.1% in the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock valued at $41,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.
Insider Activity
In other Palantir Technologies news, insider Ryan Taylor sold 18,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the sale, the insider directly owned 274,667 shares in the company, valued at approximately $55,249,267.05. The trade was a 6.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the company’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 transaction of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares of the company’s stock, valued at approximately $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 523,716 shares of company stock worth $92,212,379 in the last 90 days. 9.53% of the stock is currently owned by corporate insiders.
Palantir Technologies Price Performance
NASDAQ:PLTR opened at $171.70 on Thursday. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94. The business has a 50 day simple moving average of $186.84 and a 200 day simple moving average of $153.86. The firm has a market capitalization of $412.61 billion, a P/E ratio of 120.07, a P/E/G ratio of 3.04 and a beta of 1.65.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The company’s quarterly revenue was up 95.9% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Research analysts anticipate that Palantir Technologies Inc. will post 1.33 EPS for the current fiscal year.
Palantir Technologies News Roundup
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir beat Q3 estimates, with revenue rising 96% year over year to $2.31 billion and earnings also topping expectations. It raised its 2026 revenue outlook to $8.5 billion and forecast Q4 revenue of $2.6 billion to $2.7 billion. U.S. commercial revenue surged 148% and exceeded U.S. government revenue for the first time. Palantir beats Q3 estimates and raises outlook
- Positive Sentiment: Barclays raised its price target to $273 and kept an Overweight rating, reflecting optimism about Palantir’s growth prospects. Barclays price target update
- Positive Sentiment: Palantir announced a partnership with footwear manufacturer Changshin to use Foundry and AIP across product development and factory operations, adding a commercial customer and use case. Changshin and Palantir partnership
- Neutral Sentiment: ARK bought Palantir shares while some ETFs also added to their holdings, signaling investor support, though these flows do not resolve concerns about fundamentals or valuation. ETF purchases of Palantir shares
- Negative Sentiment: Investors focused on slower bookings: total contract value grew 6%, versus 49% in the prior quarter, while U.S. commercial contract-value growth also decelerated. That raised questions about whether future demand will translate into new contracts as quickly as revenue growth suggests. Analysts cite bookings growth concerns
- Negative Sentiment: Palantir’s lofty valuation leaves little room for disappointment, and broader concerns about an AI-stock bubble may amplify volatility. Midterm election results also raised concern that a proposed defense budget could be reduced, potentially affecting government-related demand. Election-related concerns for Palantir
Wall Street Analysts Forecast Growth
A number of brokerages have commented on PLTR. Barclays boosted their price objective on Palantir Technologies from $265.00 to $273.00 and gave the stock an “overweight” rating in a research note on Wednesday. Oppenheimer reiterated an “outperform” rating and issued a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a research note on Thursday, October 29th. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Northland Securities set a $200.00 target price on Palantir Technologies in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $214.53.
Get Our Latest Research Report on Palantir Technologies
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.
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