Palantir Technologies Inc. $PLTR Stock Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 20.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,568 shares of the company’s stock after purchasing an additional 11,126 shares during the quarter. Palantir Technologies makes up approximately 0.6% of Verus Capital Partners LLC’s holdings, making the stock its 29th biggest position. Verus Capital Partners LLC’s holdings in Palantir Technologies were worth $12,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Laurel Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth about $35,000. Cranbrook Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 40.7% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock valued at $37,000 after buying an additional 57 shares during the last quarter. Ballast Advisors LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter valued at about $29,000. Retirement Wealth Solutions LLC lifted its holdings in shares of Palantir Technologies by 51.7% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock valued at $41,000 after buying an additional 74 shares during the last quarter. Finally, Dakota Community Bank & Trust NA grew its stake in shares of Palantir Technologies by 219.1% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock valued at $41,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PLTR shares. Barclays increased their price objective on Palantir Technologies from $265.00 to $273.00 and gave the stock an “overweight” rating in a report on Wednesday. Wolfe Research assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating on the stock. Mizuho lifted their target price on shares of Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. Phillip Securities downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $156.00 to $207.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.53.

More Palantir Technologies News

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%

Shares of Palantir Technologies stock opened at $160.38 on Friday. The firm has a fifty day simple moving average of $185.88 and a 200-day simple moving average of $153.74. The stock has a market capitalization of $385.40 billion, a price-to-earnings ratio of 112.15, a PEG ratio of 3.36 and a beta of 1.65. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last posted 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 business had revenue of $2.31 billion for 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 period last year, the business posted $0.21 EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Insider Activity

In other news, insider Ryan D. Taylor sold 18,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric H. Woersching sold 1,000 shares of Palantir Technologies stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the completion of the transaction, the director owned 3,465 shares in the company, valued at $710,325. The trade was a 22.40% decrease in their ownership of the stock. 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 have sold 523,716 shares of company stock worth $92,212,379. 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.