New York Life Investment Management LLC Buys 44,848 Shares of Palantir Technologies Inc. $PLTR

New York Life Investment Management LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 14.0% during the third quarter, Holdings Channel reports. The firm owned 365,072 shares of the company’s stock after buying an additional 44,848 shares during the quarter. New York Life Investment Management LLC’s holdings in Palantir Technologies were worth $68,287,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PLTR. Signature Wealth Management Partners LLC grew its stake in shares of Palantir Technologies by 1.0% in the third quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company’s stock valued at $961,000 after buying an additional 51 shares in the last quarter. Atlatl Advisers LLC raised its holdings in shares of Palantir Technologies by 0.4% in the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company’s stock valued at $2,464,000 after buying an additional 53 shares during the period. Opinicus Capital Inc. lifted its stake in Palantir Technologies by 2.4% during the 3rd quarter. Opinicus Capital Inc. now owns 2,276 shares of the company’s stock worth $426,000 after acquiring an additional 53 shares in the last quarter. Demars Financial Group LLC lifted its stake in Palantir Technologies by 2.7% during the 3rd quarter. Demars Financial Group LLC now owns 2,054 shares of the company’s stock worth $384,000 after acquiring an additional 54 shares in the last quarter. Finally, PFS Partners LLC lifted its stake in Palantir Technologies by 28.9% during the 3rd quarter. PFS Partners LLC now owns 250 shares of the company’s stock worth $47,000 after acquiring an additional 56 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s latest quarter showed rapid growth and profitability: revenue rose nearly 96% year over year and exceeded expectations, while U.S. commercial revenue more than doubled. That commercial momentum may help offset reliance on government contracts. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Positive Sentiment: ETFs purchased $75.3 million of PLTR shares on Nov. 6, with more funds buying than selling, indicating institutional demand. Article: ETFs Are Buying Palantir (PLTR) on Nov. 6
• Neutral Sentiment: A technical analysis article pointed to a historically bullish signal, but the provided report did not specify its details or guarantee future gains. Article: This Software Stock Bull Signal Has Never Been Wrong
• Negative Sentiment: Investors may be weighing political and budget risk: the incoming Congress could reject or revise the proposed 2027 defense budget, potentially affecting Palantir’s government business. The concern comes even as commercial growth accelerates. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Negative Sentiment: Valuation remains a headwind. Commentary cautioned that the shares may be expensive despite strong commercial AI growth, leaving them vulnerable to profit-taking or a broader AI-sector pullback. Article: Palantir’s Commercial AI Business Just Changed the Story, But It’s Stock Could Be Too Expensive

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PLTR shares. The Goldman Sachs Group restated a “buy” rating and set a $235.00 target price on shares of Palantir Technologies in a report on Tuesday, November 3rd. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 11th. Mizuho increased their price target 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. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $156.00 to $207.00 and gave the company a “neutral” rating in a research note on Monday, November 2nd. Finally, Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $214.53.

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock in a transaction that occurred 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 completion of the sale, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% 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. Insiders have sold 523,716 shares of company stock valued at $92,212,379 over the last ninety days. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $168.82 on Wednesday. The stock has a 50-day simple moving average of $185.19 and a 200-day simple moving average of $153.77. The stock has a market capitalization of $405.68 billion, a PE ratio of 118.06, a PEG ratio of 3.42 and a beta of 1.65. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 95.9% on a year-over-year basis. Analysts predict that Palantir Technologies Inc. will post 1.36 EPS for the current 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.