Gunderson Capital Management LLC Purchases New Position in Palantir Technologies Inc. $PLTR

Gunderson Capital Management LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 62,801 shares of the company’s stock, valued at approximately $11,747,000. Palantir Technologies makes up 3.2% of Gunderson Capital Management LLC’s investment portfolio, making the stock its 16th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 39.8% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 18,728 shares of the company’s stock worth $3,503,000 after buying an additional 5,329 shares during the last quarter. Purus Wealth Management LLC grew its stake in Palantir Technologies by 0.4% in the 3rd quarter. Purus Wealth Management LLC now owns 23,318 shares of the company’s stock valued at $4,362,000 after buying an additional 87 shares in the last quarter. Nvwm LLC increased its position in shares of Palantir Technologies by 3.6% during the third quarter. Nvwm LLC now owns 12,229 shares of the company’s stock valued at $2,287,000 after buying an additional 428 shares during the period. HBW Advisory Services LLC increased its holdings in shares of Palantir Technologies by 14.3% in the third quarter. HBW Advisory Services LLC now owns 9,459 shares of the company’s stock worth $1,769,000 after purchasing an additional 1,183 shares during the period. Finally, Howard Financial Services LTD. increased its position in shares of Palantir Technologies by 5.2% in the third quarter. Howard Financial Services LTD. now owns 14,592 shares of the company’s stock worth $2,729,000 after purchasing an additional 724 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.9%

NASDAQ:PLTR traded down $1.83 on Thursday, hitting $199.14. The stock had a trading volume of 15,010,451 shares, compared to its average volume of 42,356,574. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The stock has a market cap of $478.55 billion, a price-to-earnings ratio of 170.33, a price-to-earnings-growth ratio of 2.87 and a beta of 1.60. The business’s 50-day simple moving average is $181.44 and its two-hundred day simple moving average is $151.35.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Friday, July 31st. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Tuesday, August 4th. Finally, Oppenheimer downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.61.

Palantir Technologies News Roundup

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

• Positive Sentiment: New banking deployment: Customers Bank will deploy Palantir’s Foundry and Artificial Intelligence Platform (AIP) to modernize deposit onboarding. The agreement expands Palantir’s presence in financial services and provides another example of enterprise adoption. Customers Bank collaboration
• Positive Sentiment: Additional aviation software contract: Surf Air Mobility signed its fifth OperatorOS agreement, with Flying Zebra, for software powered by Palantir. Although the direct financial contribution is not disclosed, the deal supports broader commercial distribution of Palantir’s technology in aviation. Flying Zebra contract
• Positive Sentiment: Analyst support: Goldman Sachs upgraded Palantir to Buy from Neutral, while fresh valuation work lifted a fair-value estimate to $205.27 from $195.57. Analysts continue to cite strong execution in commercial and sovereign AI. Analyst fair-value increase
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan ended their legal dispute over a proposed Metropolitan Police contract. Removing the litigation reduces uncertainty, but there is no indication that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation and profit-taking: With a market capitalization near $477 billion and a P/E ratio above 169, investors appear concerned that much of Palantir’s exceptional growth is already priced in. The November 2 earnings report also sets a high bar after nine consecutive earnings beats.
• Negative Sentiment: Notable selling activity: ARK Invest sold approximately $6.3 million of Palantir shares while reallocating funds to other AI companies. Directors also reported sales under pre-arranged Rule 10b5-1 plans, adding to near-term caution. ARK Invest Palantir sale

Insider Transactions at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director directly owned 46,402 shares in the company, valued at $9,233,998. This trade represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction on Friday, August 21st. The shares were 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 approximately $9,920,761.09. This trade represents a 2.15% decrease in their position. The SEC filing for this sale provides additional information. 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 sold 560,390 shares of company stock valued at $97,909,177. Company insiders own 9.53% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.