3,334 Palantir Technologies Inc. $PLTR Shares Bought by Kestra Investment Management LLC

Kestra Investment Management LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 47.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,317 shares of the company’s stock after buying an additional 3,334 shares during the quarter. Kestra Investment Management LLC’s holdings in Palantir Technologies were worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $29,000. Axiom Investment Management LLC boosted its holdings in Palantir Technologies by 181.8% during the third quarter. Axiom Investment Management LLC now owns 155 shares of the company’s stock worth $29,000 after buying an additional 100 shares in the last quarter. Navigoe LLC boosted its holdings in Palantir Technologies by 17,500.0% during the third quarter. Navigoe LLC now owns 176 shares of the company’s stock worth $32,000 after buying an additional 175 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Palantir Technologies during the second quarter worth $35,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Palantir Technologies during the third quarter valued at $35,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 11th. Truist Financial restated a “buy” rating and issued a $250.00 price target (up from $223.00) on shares of Palantir Technologies in a research note on Tuesday, November 3rd. UBS Group reaffirmed a “buy” rating on shares of Palantir Technologies in a report on Tuesday, November 3rd. Cantor Fitzgerald increased their price target on Palantir Technologies from $156.00 to $207.00 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $214.53.

Key Headlines Impacting Palantir Technologies

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

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Friedman Stat sold 1,358 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $186.29, for a total transaction of $252,981.82. Following the transaction, the director directly owned 45,044 shares in the company, valued at approximately $8,391,246.76. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider owned 56,921 shares in the company, valued at $9,920,761.09. The trade was a 2.15% 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 three months, insiders have sold 523,716 shares of company stock valued at $92,212,379. 9.53% of the stock is owned by company insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $168.82 on Wednesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm has a market capitalization of $405.68 billion, a PE ratio of 118.06, a P/E/G ratio of 3.42 and a beta of 1.65. The business’s 50 day moving average price is $185.19 and its 200-day moving average price is $153.77.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The firm’s revenue was up 95.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. As a group, analysts expect that Palantir Technologies Inc. will post 1.36 earnings per share 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.