Palantir Technologies Inc. $PLTR Stock Position Increased by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 80.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 182,621 shares of the company’s stock after acquiring an additional 81,543 shares during the period. Palantir Technologies comprises about 0.8% of SteelPeak Wealth LLC’s holdings, making the stock its 25th biggest position. SteelPeak Wealth LLC’s holdings in Palantir Technologies were worth $34,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Monetary Solutions Ltd purchased a new stake in Palantir Technologies in the fourth quarter valued at approximately $36,000. Reflection Asset Management acquired a new position in Palantir Technologies in the fourth quarter valued at $35,000. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the first quarter valued at about $29,000. Retirement Wealth Solutions LLC increased its stake in Palantir Technologies by 51.7% during the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock worth $41,000 after acquiring an additional 74 shares during the last quarter. Finally, Dakota Community Bank & Trust NA increased its stake in Palantir Technologies by 219.1% during the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock worth $41,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $186.03 on Friday. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94. The firm has a market capitalization of $447.04 billion, a P/E ratio of 159.00, a P/E/G ratio of 3.27 and a beta of 1.60. The business has a 50 day simple moving average of $182.61 and a 200 day simple moving average of $152.00.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $0.16 EPS. Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. Research analysts anticipate that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and set a $230.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. Phillip Securities lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Northland Securities set a $200.00 price objective on Palantir Technologies in a research note on Tuesday, August 4th. Finally, Citigroup cut Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $201.61.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider directly owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. This represents a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the transaction, the director directly owned 46,402 shares in the company, valued at $9,233,998. This represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 560,390 shares of company stock worth $97,909,177. Company insiders own 9.53% of the company’s stock.

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.