Palantir Technologies Inc. $PLTR Stock Bought by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 138.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,698 shares of the company’s stock after buying an additional 6,215 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Palantir Technologies were worth $2,001,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of 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 acquiring an additional 757,322 shares during the period. 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 worth $12,190,903,000 after purchasing an additional 2,863,874 shares during the period. Bank of America Corp DE boosted its position in shares of 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 worth $2,755,883,000 after purchasing an additional 4,201,852 shares during the period. Amundi increased its holdings in Palantir Technologies by 2.5% in the 1st quarter. Amundi now owns 16,410,400 shares of the company’s stock valued at $2,400,513,000 after purchasing an additional 398,093 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at approximately $1,574,111,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

More 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

Palantir Technologies Trading Down 0.1%

Palantir Technologies stock opened at $198.73 on Wednesday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The company’s 50 day moving average is $185.77 and its two-hundred day moving average is $153.69.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping 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. The business’s revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ryan Taylor sold 18,000 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the completion of the transaction, the insider directly owned 274,667 shares of the company’s stock, valued at $55,249,267.05. The trade was a 6.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Woersching sold 1,000 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the sale, the director owned 3,465 shares in the company, valued at approximately $710,325. This trade represents a 22.40% decrease in their position. 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. 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.

Analysts Set New Price Targets

A number of research analysts have commented on PLTR shares. Weiss Ratings upgraded Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 8th. DA Davidson boosted their price objective on Palantir Technologies from $200.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 11th. The Goldman Sachs Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 target price on the stock in a research note on Thursday, October 8th. Finally, Phillip Securities lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.55.

Palantir Technologies 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.