Cullinan Associates Inc. Buys New Stake in Palantir Technologies Inc. $PLTR

Cullinan Associates Inc. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the third quarter, Holdings Channel.com reports. The fund purchased 3,741 shares of the company’s stock, valued at approximately $700,000.

Several other hedge funds have also made changes to their positions in the stock. Uhlmann Price Securities LLC increased its holdings in shares of Palantir Technologies by 94.0% in the 3rd quarter. Uhlmann Price Securities LLC now owns 17,845 shares of the company’s stock worth $3,329,000 after acquiring an additional 8,645 shares during the period. Ethic Inc. lifted its position in Palantir Technologies by 5.7% in the 3rd quarter. Ethic Inc. now owns 117,289 shares of the company’s stock valued at $21,939,000 after purchasing an additional 6,368 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in Palantir Technologies by 6.0% in the 3rd quarter. 180 Wealth Advisors LLC now owns 12,476 shares of the company’s stock valued at $2,334,000 after purchasing an additional 710 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in Palantir Technologies during the 3rd quarter valued at about $781,000. Finally, Axiom Investment Management LLC boosted its stake in Palantir Technologies by 181.8% during the 3rd quarter. Axiom Investment Management LLC now owns 155 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Palantir Technologies Stock Up 3.5%

PLTR stock opened at $160.38 on Friday. The company has a market capitalization of $385.40 billion, a P/E ratio of 112.15, a PEG ratio of 3.36 and a beta of 1.65. The company has a 50-day simple moving average of $185.88 and a 200 day simple moving average of $153.74. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94.

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

Analysts Set New Price Targets

PLTR has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $235.00 target price on shares of Palantir Technologies in a research report on Tuesday. KeyCorp reiterated a “sector weight” rating on shares of Palantir Technologies in a research report on Wednesday. UBS Group reissued a “buy” rating on shares of Palantir Technologies in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $260.00 price objective on shares of Palantir Technologies in a report on Tuesday, November 3rd. Finally, Northland Securities set a $200.00 target price on Palantir Technologies in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and three have given 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 target price of $214.53.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the transaction, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Also, insider Ryan D. Taylor sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the transaction, the insider owned 274,667 shares in the company, valued at $55,249,267.05. This represents a 6.15% decrease in their position. 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. In the last quarter, insiders sold 523,716 shares of company stock worth $92,212,379. Company insiders own 9.53% of the company’s stock.

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.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.