Palantir Technologies Inc. $PLTR Shares Bought by Strategic Planning Group LLC

Strategic Planning Group LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.0% during the third quarter, Holdings Channel reports. The firm owned 55,390 shares of the company’s stock after acquiring an additional 2,635 shares during the quarter. Strategic Planning Group LLC’s holdings in Palantir Technologies were worth $10,361,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Signature Wealth Management Partners LLC raised its holdings in shares of Palantir Technologies by 1.0% in the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company’s stock valued at $961,000 after buying an additional 51 shares during the period. PFS Partners LLC increased its stake in Palantir Technologies by 28.9% during the 3rd quarter. PFS Partners LLC now owns 250 shares of the company’s stock worth $47,000 after buying an additional 56 shares during the period. Ring Mountain Capital LLC lifted its holdings in Palantir Technologies by 1.0% during the 3rd quarter. Ring Mountain Capital LLC now owns 5,931 shares of the company’s stock worth $1,109,000 after buying an additional 60 shares in the last quarter. BCGM Wealth Management LLC lifted its holdings in Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock worth $374,000 after buying an additional 64 shares in the last quarter. Finally, JDM Financial Group LLC lifted its holdings in Palantir Technologies by 20.9% during the 2nd quarter. JDM Financial Group LLC now owns 388 shares of the company’s stock worth $45,000 after buying an additional 67 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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, Director Eric Woersching sold 1,000 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the sale, the director owned 3,465 shares in the company, valued at $710,325. The trade was a 22.40% 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. In the last 90 days, insiders sold 560,390 shares of company stock worth $97,909,177. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

PLTR stock opened at $196.19 on Friday. The company’s 50 day moving average price is $184.30 and its 200 day moving average price is $153.47. The firm has a market capitalization of $471.46 billion, a price-to-earnings ratio of 167.68, a PEG ratio of 3.55 and a beta of 1.60. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 92.8% on a year-over-year basis. Equities analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 11th. Roth Capital started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating on the stock. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $203.45.

Palantir Technologies News Roundup

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

• Positive Sentiment: Analyst support remains strong. Citi raised its price target to $250 from $245 while maintaining a Buy rating. Other Wall Street firms reportedly see targets ranging from $230 to $265, implying further upside if Palantir delivers solid third-quarter results. Citi raises Palantir stock price target
• Positive Sentiment: New partnerships broaden Palantir’s commercial opportunity. The company expanded its AI partnership with Stagwell to develop enterprise marketing solutions and elevated Aplos Data to its top-tier Vanguard: Elite partner network. Palantir also highlighted additional sovereign-AI deployments and a Knox Systems partnership focused on secure government-cloud environments. Stagwell and Palantir expand AI partnership
• Neutral Sentiment: Nov. 2 earnings are the key near-term catalyst. Analysts expect results and management’s outlook to determine whether Palantir can sustain its growth trajectory. The company’s prior quarter featured revenue growth of nearly 93% and an earnings beat, while technical analysts note that the shares are holding above an important support level.
• Negative Sentiment: Valuation is limiting investor tolerance for disappointment. With a market capitalization near $471 billion and a trailing P/E above 160, the stock already reflects years of exceptional execution. Concerns include Palantir’s projected revenue slowdown and Gartner’s warning about whether forward-deployed AI can scale economically. These risks likely contributed to profit-taking despite reassuring NATO about system controls and continued positive business announcements. Palantir: The business is booming, but the stock has a problem

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.