Palantir Technologies Inc. $PLTR Stake Increased by Bell Bank

Bell Bank boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 93.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,931 shares of the company’s stock after purchasing an additional 7,199 shares during the quarter. Bell Bank’s holdings in Palantir Technologies were worth $2,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Benchmark Financial Wealth Advisors LLC raised its position in shares of Palantir Technologies by 24.6% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 3,070 shares of the company’s stock valued at $574,000 after buying an additional 607 shares during the last quarter. Cottonwood Capital Advisors LLC purchased a new position in shares of Palantir Technologies in the third quarter worth $216,000. Cushing Capital Partners LLC purchased a new position in shares of Palantir Technologies in the third quarter worth $347,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Palantir Technologies by 11.7% in the third quarter. Physician Wealth Advisors Inc. now owns 1,649 shares of the company’s stock worth $308,000 after buying an additional 173 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its position in shares of Palantir Technologies by 44.8% during the third quarter. Carnegie Investment Counsel now owns 166,463 shares of the company’s stock worth $31,137,000 after acquiring an additional 51,494 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $192.60 on Wednesday. The stock has a 50 day moving average price of $183.35 and a 200 day moving average price of $152.76. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The firm has a market capitalization of $462.83 billion, a P/E ratio of 164.62, a P/E/G ratio of 3.42 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company posted $0.16 EPS. Palantir Technologies’s quarterly revenue was up 92.8% on a year-over-year basis. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho raised 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. Raymond James Financial upgraded shares of Palantir Technologies from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 8th. Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a report on Monday, October 12th. Finally, Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $203.28.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Knox Systems partnership supports federal growth. Palantir is working with Knox to accelerate software deployments for customers operating in secure FedRAMP and IL5 cloud environments. The agreement could improve access to government agencies and reinforce Palantir’s position in defense technology, although financial terms were not disclosed. Knox and Palantir partnership
• Positive Sentiment: Analysts raised price targets. Mizuho lifted its target to $245 and Baird raised its target to $250, citing Palantir’s rapid revenue growth and expanding commercial and government opportunities. Broader optimism that the AI spending cycle has substantial room to run also provides a favorable backdrop for Palantir’s software and “sovereign AI” offerings. Palantir stock and analyst targets
• Neutral Sentiment: November earnings are the next major test. Palantir recently reported approximately 93% year-over-year quarterly revenue growth, but investors will need continued strong execution and margin performance to justify the stock’s premium multiple. Commentary on TITAN deployments and AI in production points to potential recurring, high-margin government revenue. Palantir TITAN system delivery
• Negative Sentiment: Valuation and selling pressure remain key risks. Analysts warn that Palantir’s valuation already assumes years of exceptional execution, while ETF outflows, increased insider selling and ARK Invest’s reported sale of roughly $3.6 million in PLTR shares may weigh on sentiment. With shares near their 52-week high, investors appear particularly sensitive to any growth or margin disappointment. Palantir valuation risk

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,250 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the transaction, the insider owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Also, insider Alexander C. 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 completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $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. In the last 90 days, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is owned by company insiders.

About Palantir Technologies

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.