3,741 Shares in Palantir Technologies Inc. $PLTR Bought by Cullinan Associates Inc.

Cullinan Associates Inc. acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,741 shares of the company’s stock, valued at approximately $700,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Axiom Investment Management LLC boosted its stake in shares of Palantir Technologies by 181.8% during the 3rd quarter. Axiom Investment Management LLC now owns 155 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth approximately $35,000. Cranbrook Wealth Management LLC increased its stake 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 buying an additional 57 shares during the last quarter. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies in the first quarter worth $29,000. Finally, Retirement Wealth Solutions LLC increased its stake in shares of Palantir Technologies by 51.7% in the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock worth $41,000 after buying an additional 74 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on PLTR. Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Phillip Securities downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Mizuho boosted their target price on shares of Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. William Blair restated an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $260.00 price target on shares of Palantir Technologies in a research report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.53.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares in the company, valued at $10,170,035.93. The trade was a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, Director Lauren Friedman Stat sold 5,026 shares of the business’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director owned 46,402 shares of the company’s stock, valued at approximately $9,233,998. The trade was a 9.77% 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. Insiders have sold a total of 523,716 shares of company stock valued at $92,212,379 over the last quarter. Insiders own 9.53% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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 Trading Up 3.5%

Shares of PLTR opened at $160.38 on Friday. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The firm has a market cap of $385.40 billion, a price-to-earnings ratio of 112.15, a PEG ratio of 3.36 and a beta of 1.65. The stock has a 50 day moving average of $185.88 and a 200-day moving average of $153.74.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business 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 business’s revenue was up 95.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 1.36 earnings per share for the current fiscal year.

About Palantir Technologies

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.