Palantir Technologies Inc. $PLTR Shares Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 4,043.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,097 shares of the company’s stock after purchasing an additional 4,974 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Palantir Technologies were worth $953,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PLTR. BlackRock Inc. lifted its position in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after buying an additional 757,322 shares during the last quarter. State Street Corp grew its position in Palantir Technologies by 2.8% during 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. Bank of America Corp DE grew its position in Palantir Technologies by 1.0% during the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock valued at $2,219,094,000 after acquiring an additional 180,486 shares during the last quarter. Amundi raised its stake 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 acquiring an additional 1,212,653 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Palantir Technologies during the first quarter worth approximately $1,574,111,000. 45.65% of the stock is currently owned by institutional investors.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir beat Q3 estimates, with revenue rising 96% year over year to $2.31 billion and earnings also topping expectations. It raised its 2026 revenue outlook to $8.5 billion and forecast Q4 revenue of $2.6 billion to $2.7 billion. U.S. commercial revenue surged 148% and exceeded U.S. government revenue for the first time. Palantir beats Q3 estimates and raises outlook
• Positive Sentiment: Barclays raised its price target to $273 and kept an Overweight rating, reflecting optimism about Palantir’s growth prospects. Barclays price target update
• Positive Sentiment: Palantir announced a partnership with footwear manufacturer Changshin to use Foundry and AIP across product development and factory operations, adding a commercial customer and use case. Changshin and Palantir partnership
• Neutral Sentiment: ARK bought Palantir shares while some ETFs also added to their holdings, signaling investor support, though these flows do not resolve concerns about fundamentals or valuation. ETF purchases of Palantir shares
• Negative Sentiment: Investors focused on slower bookings: total contract value grew 6%, versus 49% in the prior quarter, while U.S. commercial contract-value growth also decelerated. That raised questions about whether future demand will translate into new contracts as quickly as revenue growth suggests. Analysts cite bookings growth concerns
• Negative Sentiment: Palantir’s lofty valuation leaves little room for disappointment, and broader concerns about an AI-stock bubble may amplify volatility. Midterm election results also raised concern that a proposed defense budget could be reduced, potentially affecting government-related demand. Election-related concerns for Palantir

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider 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 sale was disclosed in a filing with the SEC, which is available at 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 Ryan D. Taylor sold 18,000 shares of the stock in a transaction 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 sale, 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. 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. Insiders sold 523,716 shares of company stock valued at $92,212,379 over the last quarter. Company insiders own 9.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PLTR. Weiss Ratings upgraded shares of Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $235.00 target price on shares of Palantir Technologies in a report on Tuesday. Royal Bank Of Canada lifted their target price on shares of Palantir Technologies from $90.00 to $130.00 and gave the stock an “underperform” rating in a research report on Tuesday. Morgan Stanley lifted their target price on shares of Palantir Technologies from $205.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $260.00 price target on shares of Palantir Technologies in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $214.53.

Palantir Technologies Price Performance

PLTR opened at $171.70 on Thursday. The stock’s 50 day simple moving average is $186.84 and its 200 day simple moving average is $153.86. The firm has a market cap of $412.61 billion, a price-to-earnings ratio of 120.07, a PEG ratio of 3.04 and a beta of 1.65. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The business’s revenue was up 95.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.33 EPS for the current year.

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.