Palantir Technologies Inc. $PLTR Stock Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 49,110 shares of the company’s stock after acquiring an additional 3,826 shares during the period. Quadrant Capital Group LLC’s holdings in Palantir Technologies were worth $9,186,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after buying an additional 757,322 shares during the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after purchasing an additional 2,863,874 shares in the last quarter. Bank of America Corp DE grew its position in shares of Palantir Technologies by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after buying an additional 180,486 shares during the period. Amundi raised its position in shares of Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after purchasing an additional 1,212,653 shares during the period. Finally, Jennison Associates LLC acquired a new position in Palantir Technologies during the 1st quarter valued at about $1,574,111,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction on 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 transaction, the insider owned 642,786 shares in the company, valued at $100,081,780.20. This trade represents a 5.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the sale, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. This represents a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $192.60 on Wednesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The stock has a market cap of $462.83 billion, a price-to-earnings ratio of 164.62, a PEG ratio of 3.42 and a beta of 1.60. The firm’s 50-day moving average is $183.35 and its 200 day moving average is $152.76.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business 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 revenue was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. On average, equities analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir partnered with Knox Systems to accelerate software deployment for customers operating in highly secure FedRAMP and Impact Level 5 government-cloud environments. The agreement could improve Palantir’s access to federal and defense workloads, although financial terms were not disclosed. Knox and Palantir Partner to Further Accelerate Delivery of Software through Largest Federal Cloud
• Positive Sentiment: The Knox announcement helped drive a sharp rebound in PLTR shares after the prior week’s technology selloff. Mizuho and Baird also raised their price targets to $245 and $250, respectively, reflecting confidence in Palantir’s government business and growth outlook. Palantir Stock Bounces Back Ahead of November Earnings Test
• Positive Sentiment: Broader AI spending and rising demand for sovereign AI, cybersecurity, and secure data infrastructure could provide additional long-term tailwinds for Palantir’s commercial and government businesses. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Investors are focused on the November earnings report to determine whether Palantir’s exceptional revenue growth can continue and justify its premium valuation. Recent commentary remains divided, with some analysts expecting expanding margins and others turning neutral. Palantir: Wall Street Expects Shrinking Margins, I See the Opposite
• Negative Sentiment: ARK Invest continued selling Palantir, including roughly $5.4 million of shares, while redirecting capital toward other high-growth companies. The sales may reinforce concerns that some growth investors view PLTR as fully valued. Cathie Wood Sells $5.4 Million Worth of Palantir Stock
• Negative Sentiment: Analysts warn that PLTR’s very high earnings multiple already assumes years of exceptional execution. Accelerating insider sales and net selling by exchange-traded funds add further supply and could pressure the shares if growth or margins disappoint. PLTR Stock’s Biggest Risk Is Its Price

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PLTR shares. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a report on Tuesday, August 11th. Oppenheimer cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Raymond James Financial upgraded Palantir Technologies from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 8th. Finally, Robert W. Baird set a $250.00 price objective on Palantir Technologies in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $203.28.

Palantir Technologies Company 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.