LaFleur & Godfrey LLC Acquires 4,441 Shares of Palantir Technologies Inc. $PLTR

LaFleur & Godfrey LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,243 shares of the company’s stock after acquiring an additional 4,441 shares during the quarter. Palantir Technologies makes up about 2.9% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 7th biggest position. LaFleur & Godfrey LLC’s holdings in Palantir Technologies were worth $23,801,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Guardian Wealth Advisors LLC NC boosted its holdings in shares of 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 purchasing an additional 4,283 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Palantir Technologies during the third quarter valued at about $1,255,000. Independent Financial Group LLC increased its holdings in shares of Palantir Technologies by 20.8% in the second 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 during the last quarter. World Equity Group Inc. increased its holdings in shares of Palantir Technologies by 7.2% in the second 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. Finally, Sage Capital Advisors llc increased its holdings in shares of Palantir Technologies by 63.5% in the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock worth $7,810,000 after purchasing an additional 25,995 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLTR. Northland Securities set a $200.00 target price on Palantir Technologies in a research report on Tuesday, August 4th. Robert W. Baird set a $250.00 price objective on Palantir Technologies in a research note on Monday, October 12th. Citigroup upped their price objective on Palantir Technologies from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. UBS Group increased their target price on Palantir Technologies from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Finally, Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $205.55.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s strong operating momentum remains a potential catalyst. Analysts expect third-quarter earnings of approximately $0.41 per share, while recent coverage points to accelerating demand from U.S. commercial and government customers, expanding margins and additional business from existing clients. Palantir Could Crush Q3 Earnings, But 1 Risk Could Spoil the Rally
• Positive Sentiment: The company’s partner expansion could support future commercial growth. Aplos Data was elevated to Palantir’s Vanguard: Elite partner status, potentially widening deployment of Foundry and Palantir’s Artificial Intelligence Platform among U.S. businesses. Palantir Technologies Deepens U.S. Reach With New Vanguard Elite Partner
• Neutral Sentiment: Options markets imply an unusually large move of roughly 11.65% following the November 2 earnings release, highlighting elevated event risk rather than signaling a clear direction. Investors are focused on U.S. commercial customer growth, free cash flow and management’s guidance. Palantir Stock Could Swing 11.65% After Q3 Earnings
• Negative Sentiment: RBC Capital issued a fresh warning ahead of earnings, reinforcing concerns that Palantir must deliver exceptionally strong results and guidance to justify its elevated valuation. The stock trades at roughly 168 times earnings, leaving limited room for disappointment. Palantir Stock Falls After RBC Delivers Fresh Warning Ahead of Earnings
• Negative Sentiment: Additional commentary describes Palantir as a crowded, richly valued AI trade. Higher interest rates could compress high-growth technology multiples, while any slowdown in revenue growth, free cash flow or customer additions could trigger a sharper pullback. Palantir Stock Could Be 5% Above Fair Value

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 18,000 shares of Palantir Technologies stock in a transaction that occurred 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 completion of the transaction, the insider owned 274,667 shares in the company, valued at approximately $55,249,267.05. The trade was a 6.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric H. Woersching sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $205.00, for a total value of $205,000.00. Following the transaction, the director directly owned 3,465 shares in the company, valued at approximately $710,325. This represents a 22.40% 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. Over the last 90 days, insiders sold 560,390 shares of company stock valued at $97,909,177. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Down 1.0%

Shares of NASDAQ PLTR opened at $196.81 on Thursday. The firm’s 50-day moving average price is $186.28 and its 200-day moving average price is $153.79. The stock has a market capitalization of $472.95 billion, a price-to-earnings ratio of 168.21, a P/E/G ratio of 3.46 and a beta of 1.60. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 92.8% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 1.31 EPS 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.