3,433 Shares in Palantir Technologies Inc. $PLTR Purchased by Leo Wealth LLC

Leo Wealth LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,433 shares of the company’s stock, valued at approximately $642,000.

Other institutional investors have also made changes to their positions in the company. Ballast Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter valued at $29,000. Whipplewood Advisors LLC bought a new position in Palantir Technologies during the first quarter worth $32,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Palantir Technologies in the second quarter valued at $35,000. Retirement Wealth Solutions LLC increased its holdings in shares of Palantir Technologies by 51.7% in the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock valued at $41,000 after purchasing an additional 74 shares during the last quarter. Finally, Dakota Community Bank & Trust NA raised its position in shares of Palantir Technologies by 219.1% in the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock valued at $41,000 after purchasing an additional 149 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PLTR. UBS Group raised their target price on shares of Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. The Goldman Sachs Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 price target on the stock in a report on Thursday, October 8th. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Oppenheimer cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, Wolfe Research assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.55.

Palantir Technologies Price Performance

PLTR opened at $198.73 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The stock has a fifty day moving average of $185.77 and a 200-day moving average of $153.69.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate 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. During the same quarter last year, the company posted $0.16 earnings per share. The company’s revenue was up 92.8% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Analysts and market commentators continue to highlight Palantir’s momentum, including 92.8% year-over-year revenue growth in the latest quarter, strong commercial adoption of its Artificial Intelligence Platform, and expectations that business momentum will persist despite difficult comparisons. PLTR Stock Earnings Preview
• Positive Sentiment: Rosenblatt recommended buying Palantir ahead of earnings, while other coverage points to analyst target increases, commercial growth, and the possibility that another strong report could push the shares higher. Buy Palantir Ahead of Earnings
• Positive Sentiment: Palantir expanded its U.S. commercial go-to-market network by elevating Aplos Data to Vanguard: Elite partner status, supporting broader Foundry and AI Platform deployments. Palantir Expands U.S. Partner Network
• Positive Sentiment: Customer-reported results, including a 30,000-hour efficiency example, are providing tangible evidence for Palantir’s AI return-on-investment claims. Palantir AI Efficiency Proof Point
• Neutral Sentiment: Options activity indicates traders expect elevated volatility around the November 2 earnings release, with the market focused on whether Palantir can meet or exceed an expected $0.41 EPS. Palantir Put Strategy
• Negative Sentiment: Valuation remains the central risk: comparisons with RTX emphasize that Palantir trades at roughly 168 times earnings, leaving little room for disappointing growth or guidance. Short-seller Michael Burry’s position adds to the debate over whether the AI narrative justifies the price. Palantir Versus RTX Valuation
• Negative Sentiment: William Blair warned that large language-model companies could hire Palantir employees and eventually compete with or replicate parts of its technology, presenting a potentially material long-term threat. Palantir Growth Risk

Insider Transactions at Palantir Technologies

In other news, insider Ryan Taylor sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. The trade was a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 560,390 shares of company stock worth $97,909,177. Company insiders own 9.53% of the company’s stock.

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.