4,202 Shares of Palantir Technologies Inc. $PLTR Purchased by Focused Alpha LLC

Focused Alpha LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,202 shares of the company’s stock, valued at approximately $786,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its position in Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after buying an additional 757,322 shares during the period. State Street Corp boosted its holdings in shares of Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares during the period. Bank of America Corp DE grew its position in shares of Palantir Technologies by 1.0% during the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after acquiring an additional 180,486 shares during the last quarter. Amundi grew its position in shares of Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after acquiring an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $1,574,111,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $194.15 on Tuesday. The firm has a market cap of $466.55 billion, a P/E ratio of 165.94, a price-to-earnings-growth ratio of 3.27 and a beta of 1.60. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm’s 50 day moving average price is $182.99 and its 200 day moving average price is $152.44.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. DA Davidson upped their price target on shares of Palantir Technologies from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Raymond James Financial raised shares of Palantir Technologies from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 8th. The Goldman Sachs Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 target price on the stock in a report on Thursday, October 8th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $203.28.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the transaction, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their ownership of the stock. 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. In the last three months, insiders sold 560,390 shares of company stock valued at $97,909,177. Corporate insiders own 9.53% of the company’s stock.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir announced a partnership with Knox Systems to accelerate secure software and AI deployments for federal customers operating in FedRAMP and IL5 environments. Knox’s managed-cloud and compliance capabilities could shorten government implementation timelines and strengthen Palantir’s position in defense and other mission-critical agencies. Knox and Palantir Partner to Further Accelerate Delivery of Software through Largest Federal Cloud
• Positive Sentiment: The Knox announcement prompted a rebound in PLTR shares after a recent technology-sector selloff. Analysts and commentators view the agreement, along with Palantir’s TITAN defense-system deliveries, as evidence that the company’s AI offerings are moving from pilot projects into recurring operational deployments. Why Palantir Technologies Stock Rallied Today
• Positive Sentiment: Broader AI spending and demand for sovereign AI, cybersecurity, and government data infrastructure provide a favorable backdrop for Palantir. One market commentator identified PLTR as a potentially resilient software name despite volatility in AI hardware stocks. 4 Stocks With Demand So Sticky That the AI Sell-Off Barely Touched Them at All
• Neutral Sentiment: Technical coverage remains mixed: PLTR has shown a strong uptrend and recently approached its record high, but the rally has also attracted resistance and profit-taking. Upcoming earnings on November 2 could be the next major catalyst, particularly given the company’s recent revenue growth and earnings beats. Palantir stock flashes a rare technical pattern that points to more upside
• Negative Sentiment: ARK Invest, led by Cathie Wood, reportedly sold approximately $3.6 million of Palantir while purchasing about $8.1 million of CoreWeave. The trade may weigh on sentiment by signaling that at least one prominent growth investor prefers another AI infrastructure opportunity. CoreWeave or Palantir: Cathie Wood Buys $8M of One Stock, Sells $3.6M of the Other
• Negative Sentiment: Valuation is the primary risk. With a market capitalization near $467 billion and a P/E ratio above 165, one analyst downgraded PLTR from bullish to neutral, arguing that a higher fair-value estimate still does not justify the current premium. Palantir: Higher Fair Value, But Not Enough, So I Switched From Bullish To Neutral

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.