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

Kestra Advisory Services LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 18.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 444,724 shares of the company’s stock after purchasing an additional 68,561 shares during the period. Kestra Advisory Services LLC’s holdings in Palantir Technologies were worth $83,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Guardian Wealth Advisors LLC NC grew its stake in Palantir Technologies by 67.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock valued at $1,240,000 after acquiring an additional 4,283 shares in the last quarter. Blueprint Investment Partners LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at about $2,901,000. Counterpoint Mutual Funds LLC purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $1,255,000. Independent Financial Group LLC lifted its stake in Palantir Technologies by 20.8% in the 2nd quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock worth $21,957,000 after purchasing an additional 32,427 shares in the last quarter. Finally, World Equity Group Inc. boosted its holdings in shares of Palantir Technologies by 7.2% during the 2nd quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock worth $5,090,000 after purchasing an additional 2,948 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PLTR shares. Weiss Ratings upgraded Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Mizuho increased their price target on Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. DA Davidson reiterated a “buy” rating and set a $250.00 price objective on shares of Palantir Technologies in a research report on Tuesday. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. Finally, Benchmark restated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $214.53.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 18,000 shares of Palantir Technologies stock in a transaction on Thursday, October 8th. The stock was 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 in the company, valued at $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider directly 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 position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 523,716 shares of company stock valued at $92,212,379 in the last ninety days. Company insiders own 9.53% of the company’s stock.

Trending Headlines about Palantir Technologies

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

Palantir Technologies Price Performance

Palantir Technologies stock opened at $154.99 on Friday. The firm has a 50 day simple moving average of $186.39 and a 200-day simple moving average of $153.78. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The stock has a market cap of $372.45 billion, a price-to-earnings ratio of 108.38, a price-to-earnings-growth ratio of 3.60 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The business’s revenue was up 95.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS. Equities analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Palantir Technologies 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.