68,561 Palantir Technologies Inc. $PLTR Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 18.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 444,724 shares of the company’s stock after purchasing an additional 68,561 shares during the quarter. Kestra Advisory Services LLC’s holdings in Palantir Technologies were worth $83,186,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC purchased a new stake in Palantir Technologies in the first quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its stake in Palantir Technologies by 277.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares in the last quarter. Bank of America Corp DE lifted its stake in Palantir Technologies by 28.7% during the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after purchasing an additional 4,201,852 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Palantir Technologies by 795.6% during the first quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock worth $480,247,000 after buying an additional 2,952,079 shares during the period. Finally, State Street Corp boosted its position in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after buying an additional 2,863,874 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PLTR. UBS Group reaffirmed a “buy” rating on shares of Palantir Technologies in a research note on Tuesday. Barclays upped their target price on shares of Palantir Technologies from $265.00 to $273.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group restated a “buy” rating and issued a $235.00 price target on shares of Palantir Technologies in a research note on Tuesday. Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Cantor Fitzgerald boosted their target price on Palantir Technologies from $156.00 to $207.00 and gave the company a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.53.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir reported revenue of $2.31 billion, up about 96% year over year, and adjusted EPS of $0.44, beating analyst estimates. U.S. commercial revenue surged 148%, and the company raised its full-year outlook, underscoring strong demand for its AI software. Palantir’s third-quarter results
• Positive Sentiment: Some investors and analysts remain constructive: ARK Invest bought Palantir shares during the selloff, and several research firms have maintained Buy ratings or raised price targets. ARK Invest purchases Palantir shares
• Negative Sentiment: Strong revenue growth has not eased concerns about future deal momentum. Reports cite slower contract-growth metrics, including a sharp quarter-over-quarter slowdown in total contract value growth, prompting questions about whether new bookings can sustain the pace of sales. Contract growth and spending concerns
• Negative Sentiment: Palantir’s premium valuation leaves little room for disappointment, and investors are taking profits in high-flying AI and software shares. The selloff is also tied to election-related concerns that a Democratic-controlled Congress could curb the proposed defense budget, creating uncertainty for government-focused business. Election and sector pressures

Insiders Place Their Bets

In other news, insider Ryan Taylor sold 18,000 shares of Palantir Technologies stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the sale, the insider owned 274,667 shares of the company’s stock, valued at $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last quarter, insiders have sold 523,716 shares of company stock valued at $92,212,379. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $154.99 on Friday. The stock has a fifty day moving average price of $186.39 and a 200 day moving average price of $153.78. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The company has a market cap of $372.45 billion, a PE ratio of 108.38, a P/E/G ratio of 3.60 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data 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 company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. Palantir Technologies’s revenue was up 95.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Analysts anticipate that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

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.