Palantir Technologies Inc. $PLTR Shares Acquired by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 94.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,845 shares of the company’s stock after acquiring an additional 8,645 shares during the period. Palantir Technologies comprises 0.2% of Uhlmann Price Securities LLC’s portfolio, making the stock its 22nd biggest position. Uhlmann Price Securities LLC’s holdings in Palantir Technologies were worth $3,329,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PLTR. BlackRock Inc. grew its stake in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after acquiring an additional 757,322 shares in the last quarter. State Street Corp raised 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 purchasing an additional 2,863,874 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after purchasing an additional 4,201,852 shares in the last quarter. Amundi lifted its position in shares of Palantir Technologies by 2.5% in the first quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after purchasing an additional 398,093 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Palantir Technologies in the first quarter worth $1,574,111,000. 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 Trading Up 3.5%

PLTR opened at $160.38 on Friday. The stock’s fifty day simple moving average is $185.88 and its 200 day simple moving average is $153.74. 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 $385.40 billion, a PE ratio of 112.15, a price-to-earnings-growth ratio of 3.36 and a beta of 1.65.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PLTR. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a report on Tuesday, August 11th. Truist Financial reiterated a “buy” rating and issued a $250.00 price target (up from $223.00) on shares of Palantir Technologies in a research note on Tuesday. Raymond James Financial set a $255.00 price target on shares of Palantir Technologies in a research note on Wednesday. Benchmark reissued a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.53.

Insider Buying and Selling

In other news, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director owned 46,402 shares in the company, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% 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 three months, insiders sold 523,716 shares of company stock valued at $92,212,379. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Profile

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.