Everhart Financial Group Inc. Boosts Position in Palantir Technologies Inc. $PLTR

Everhart Financial Group Inc. grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 17.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,466 shares of the company’s stock after acquiring an additional 4,108 shares during the period. Everhart Financial Group Inc.’s holdings in Palantir Technologies were worth $5,138,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Palantir Technologies by 0.4% in the second 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 during the period. State Street Corp boosted its holdings in 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 acquiring an additional 2,863,874 shares during the last quarter. Invesco Ltd. increased its position in Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after purchasing an additional 616,297 shares during the period. Bank of America Corp DE increased its position in Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares during the period. Finally, Amundi raised its holdings in Palantir Technologies by 2.5% during the 1st 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 during the last quarter. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 35,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 1,337 shares of Palantir Technologies stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $189.95, for a total transaction of $253,963.15. Following the completion of the sale, the director directly owned 51,428 shares in the company, valued at approximately $9,768,748.60. This represents a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 536,364 shares of company stock valued at $93,083,303. 9.53% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $2.36 on Thursday, hitting $196.48. The stock had a trading volume of 30,934,475 shares, compared to its average volume of 42,775,949. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm’s fifty day simple moving average is $174.75 and its two-hundred day simple moving average is $149.54. The stock has a market cap of $472.14 billion, a P/E ratio of 167.93, a price-to-earnings-growth ratio of 2.70 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. Equities research analysts predict that Palantir Technologies Inc. will post 1.28 EPS for the current year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target. Analyst Gabriela Borges cited a significant expansion in Palantir’s addressable market, driven by demand for sovereign AI, bespoke software applications and specialized industry solutions. Palantir shares rise over 3% after Goldman Sachs upgrade
• Positive Sentiment: The upgrade suggests Palantir may be expanding beyond its traditional government and enterprise software markets. Goldman believes the company’s business model, customer relationships and AI deployment capabilities can help it maintain an advantage over competitors. Why a longtime skeptic of Palantir’s stock is finally saying it’s time to buy
• Positive Sentiment: Additional bullish commentary from Dan Ives and other analysts highlighted sovereign AI, strong U.S. enterprise demand and a potentially large multiyear AI spending cycle. These calls strengthened investor confidence ahead of Palantir’s next quarterly report. What Is Going on With Palantir Tech Stock on Thursday?
• Neutral Sentiment: Palantir’s valuation remains demanding, with a very high earnings multiple. Investors are also monitoring substantial insider selling, while institutional ownership activity has been mixed.
• Negative Sentiment: Zacks Research separately lowered its rating from Strong Buy to Hold, providing a counterpoint to Goldman’s upgrade. Concerns about valuation, execution expectations and potential AI competition could limit further gains if growth momentum slows. Palantir Technologies Stock Dropped to Hold by Zacks Research

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Palantir Technologies from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of Palantir Technologies in a research note on Wednesday, September 23rd. Jefferies Financial Group restated an “underperform” rating and issued a $80.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. DA Davidson increased their price target on Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Finally, Roth Capital initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.30.

Palantir Technologies Company Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.