Mutual Advisors LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 29.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,471 shares of the company’s stock after acquiring an additional 16,833 shares during the quarter. Mutual Advisors LLC’s holdings in Palantir Technologies were worth $13,441,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of PLTR. Financial Consulate Inc. acquired a new stake in Palantir Technologies during the third quarter worth $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter worth $31,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth about $32,000. Marquette Asset Management LLC purchased a new stake in Palantir Technologies in the 3rd quarter valued at about $34,000. Finally, Millstone Evans Group LLC raised its holdings in Palantir Technologies by 98.0% in the 3rd quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock valued at $36,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.
Insider Transactions at Palantir Technologies
In related news, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the transaction, the insider owned 413,639 shares in the company, valued at $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 1,252 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the sale, the insider directly owned 47,044 shares in the company, valued at approximately $7,409,430. This represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,023,444 shares of company stock valued at $167,394,629 over the last quarter. Insiders own 9.23% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Palantir Technologies
Palantir Technologies Trading Down 3.5%
NASDAQ:PLTR opened at $146.59 on Friday. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The firm has a market cap of $349.39 billion, a PE ratio of 349.03, a price-to-earnings-growth ratio of 3.82 and a beta of 1.54. The stock has a fifty day moving average price of $176.13 and a 200 day moving average price of $173.58.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.
More Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Commercial traction and partnerships remain a tailwind — Palantir continues to win commercial deals and expands AIP deployments; a visible example is the Innodata data/annotation deal that supports Palantir’s AI platform and signals ongoing enterprise adoption. Innodata Selected by Palantir
- Positive Sentiment: Earnings expectations are high but supportive of the story — analysts and previews expect strong Q4 revenue growth (consensus and previews cite roughly ~60%+ YoY revenue growth and rising EPS), which could validate the AI-driven growth thesis if results beat. Zacks Q4 Preview
- Neutral Sentiment: Options and implied volatility point to a big move — the options market is pricing for a double?digit swing around earnings, meaning elevated risk/reward for short?term traders but not necessarily a directional signal. Investopedia on implied move
- Neutral Sentiment: Founder comments and media chatter (e.g., on Elon?linked corporate moves) are getting airtime but are unlikely to be material to near?term fundamentals; monitor for headlines but prioritize earnings and contract updates. Fox interview
- Negative Sentiment: Broader software/AI sector selloff is pressuring PLTR — sector weakness is amplifying outflows from richly valued AI names and contributing to today’s decline. Benzinga on software rout
- Negative Sentiment: Reputational and political risk (ICE contracts) is resurfacing — renewed headlines about government work can sap sentiment, potentially slowing federal contract momentum or triggering short?term selling. MarketBeat reality check
- Negative Sentiment: Technical damage: PLTR broke key supports (200?day MA and the $150 area) and formed bearish patterns; higher volume on the pullback suggests profit?taking and raises the odds of further near?term downside if earnings disappoint. Benzinga technicals
- Negative Sentiment: Valuation remains a double?edged sword — PLTR trades at a very high multiple (P/E elevated vs. peers), so even a good print that falls short of lofty expectations could trigger outsized selling; some analysts even flag deep downside scenarios. Analyst warning
About Palantir Technologies
Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.
Palantir’s product portfolio centers on a small number of core platforms.
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