4,202 Shares in Palantir Technologies Inc. $PLTR Purchased by Focused Alpha LLC

Focused Alpha LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,202 shares of the company’s stock, valued at approximately $786,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares during the last quarter. State Street Corp grew its holdings in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares during the period. Bank of America Corp DE increased its position in shares of Palantir Technologies by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after purchasing an additional 180,486 shares during the last quarter. Amundi increased its position in shares of Palantir Technologies by 7.4% during the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after purchasing an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $1,574,111,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $194.15 on Tuesday. The business has a 50-day simple moving average of $182.99 and a 200-day simple moving average of $152.44. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The company has a market cap of $466.55 billion, a PE ratio of 165.94, a P/E/G ratio of 3.27 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 92.8% on a year-over-year basis. On average, sell-side analysts predict that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction 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 approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 dated Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the sale, the director directly owned 46,402 shares of the company’s stock, valued at $9,233,998. This trade represents a 9.77% 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. In the last quarter, insiders sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is currently owned by company insiders.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir announced a partnership with Knox Systems to accelerate secure software and AI deployments for federal customers operating in FedRAMP and IL5 environments. Knox’s managed-cloud and compliance capabilities could shorten government implementation timelines and strengthen Palantir’s position in defense and other mission-critical agencies. Knox and Palantir Partner to Further Accelerate Delivery of Software through Largest Federal Cloud
• Positive Sentiment: The Knox announcement prompted a rebound in PLTR shares after a recent technology-sector selloff. Analysts and commentators view the agreement, along with Palantir’s TITAN defense-system deliveries, as evidence that the company’s AI offerings are moving from pilot projects into recurring operational deployments. Why Palantir Technologies Stock Rallied Today
• Positive Sentiment: Broader AI spending and demand for sovereign AI, cybersecurity, and government data infrastructure provide a favorable backdrop for Palantir. One market commentator identified PLTR as a potentially resilient software name despite volatility in AI hardware stocks. 4 Stocks With Demand So Sticky That the AI Sell-Off Barely Touched Them at All
• Neutral Sentiment: Technical coverage remains mixed: PLTR has shown a strong uptrend and recently approached its record high, but the rally has also attracted resistance and profit-taking. Upcoming earnings on November 2 could be the next major catalyst, particularly given the company’s recent revenue growth and earnings beats. Palantir stock flashes a rare technical pattern that points to more upside
• Negative Sentiment: ARK Invest, led by Cathie Wood, reportedly sold approximately $3.6 million of Palantir while purchasing about $8.1 million of CoreWeave. The trade may weigh on sentiment by signaling that at least one prominent growth investor prefers another AI infrastructure opportunity. CoreWeave or Palantir: Cathie Wood Buys $8M of One Stock, Sells $3.6M of the Other
• Negative Sentiment: Valuation is the primary risk. With a market capitalization near $467 billion and a P/E ratio above 165, one analyst downgraded PLTR from bullish to neutral, arguing that a higher fair-value estimate still does not justify the current premium. Palantir: Higher Fair Value, But Not Enough, So I Switched From Bullish To Neutral

Analysts Set New Price Targets

A number of research analysts have commented on PLTR shares. Mizuho upped their price target on Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Tuesday, August 4th. Finally, Barclays initiated coverage on shares of Palantir Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $265.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $203.28.

About Palantir Technologies

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.