Palantir Technologies Inc. $PLTR Stock Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 29.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,173 shares of the company’s stock after purchasing an additional 14,431 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Palantir Technologies were worth $12,004,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Moneco Advisors LLC grew its holdings in Palantir Technologies by 3.9% during the 3rd quarter. Moneco Advisors LLC now owns 15,416 shares of the company’s stock worth $2,884,000 after acquiring an additional 583 shares during the last quarter. Thor Trading Advisors LLC raised its stake in shares of Palantir Technologies by 205.8% in the third quarter. Thor Trading Advisors LLC now owns 6,654 shares of the company’s stock worth $1,245,000 after acquiring an additional 4,478 shares during the last quarter. Keybank National Association OH raised its stake in shares of Palantir Technologies by 18.9% in the third quarter. Keybank National Association OH now owns 38,856 shares of the company’s stock worth $7,268,000 after acquiring an additional 6,187 shares during the last quarter. Triton Wealth Management PLLC raised its stake in shares of Palantir Technologies by 15.4% in the third quarter. Triton Wealth Management PLLC now owns 4,353 shares of the company’s stock worth $748,000 after acquiring an additional 581 shares during the last quarter. Finally, D Orazio & Associates Inc. raised its stake in shares of Palantir Technologies by 9.0% in the third quarter. D Orazio & Associates Inc. now owns 4,222 shares of the company’s stock worth $790,000 after acquiring an additional 348 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, Director Eric Woersching sold 1,000 shares of the 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 $710,325. This represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the transaction, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their ownership of the stock. 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. Insiders sold a total of 523,716 shares of company stock valued at $92,212,379 over the last 90 days. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Down 0.2%

Shares of PLTR stock opened at $168.82 on Wednesday. The firm has a market cap of $405.68 billion, a price-to-earnings ratio of 118.06, a PEG ratio of 3.42 and a beta of 1.65. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The stock has a 50-day moving average price of $185.19 and a 200 day moving average price of $153.77.

Palantir Technologies (NASDAQ:PLTR) last released 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. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the company posted $0.21 EPS. The company’s revenue was up 95.9% compared to the same quarter last year. Sell-side analysts predict that Palantir Technologies Inc. will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $235.00 price target (up from $231.00) on shares of Palantir Technologies in a research note on Tuesday, November 3rd. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Roth Capital started coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating for the company. Cantor Fitzgerald upped their price objective on Palantir Technologies from $156.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Finally, Citigroup increased their price objective on Palantir Technologies from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, November 3rd. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $214.53.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s latest quarter showed rapid growth and profitability: revenue rose nearly 96% year over year and exceeded expectations, while U.S. commercial revenue more than doubled. That commercial momentum may help offset reliance on government contracts. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Positive Sentiment: ETFs purchased $75.3 million of PLTR shares on Nov. 6, with more funds buying than selling, indicating institutional demand. Article: ETFs Are Buying Palantir (PLTR) on Nov. 6
• Neutral Sentiment: A technical analysis article pointed to a historically bullish signal, but the provided report did not specify its details or guarantee future gains. Article: This Software Stock Bull Signal Has Never Been Wrong
• Negative Sentiment: Investors may be weighing political and budget risk: the incoming Congress could reject or revise the proposed 2027 defense budget, potentially affecting Palantir’s government business. The concern comes even as commercial growth accelerates. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Negative Sentiment: Valuation remains a headwind. Commentary cautioned that the shares may be expensive despite strong commercial AI growth, leaving them vulnerable to profit-taking or a broader AI-sector pullback. Article: Palantir’s Commercial AI Business Just Changed the Story, But It’s Stock Could Be Too Expensive

Palantir Technologies Company 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.