Palantir Technologies Inc. $PLTR Stock: Hager Investment Management Services LLC Reduces Position

Hager Investment Management Services LLC cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 20.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 32,817 shares of the company’s stock after selling 8,410 shares during the period. Palantir Technologies makes up approximately 2.9% of Hager Investment Management Services LLC’s holdings, making the stock its 7th biggest holding. Hager Investment Management Services LLC’s holdings in Palantir Technologies were worth $6,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avion Wealth increased its stake in Palantir Technologies by 10.3% during the 3rd quarter. Avion Wealth now owns 2,409 shares of the company’s stock worth $450,000 after buying an additional 224 shares during the period. Navigoe LLC boosted its position in Palantir Technologies by 17,500.0% in the 3rd quarter. Navigoe LLC now owns 176 shares of the company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. University of Texas Texas AM Investment Management Co. boosted its position in Palantir Technologies by 7,141.2% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 25,851 shares of the company’s stock valued at $4,835,000 after buying an additional 25,494 shares during the last quarter. Almanack Investment Partners LLC. boosted its position in Palantir Technologies by 0.8% in the 3rd quarter. Almanack Investment Partners LLC. now owns 29,827 shares of the company’s stock valued at $5,579,000 after buying an additional 247 shares during the last quarter. Finally, Johnson & White Wealth Management LLC grew its stake in shares of Palantir Technologies by 1.5% during the third quarter. Johnson & White Wealth Management LLC now owns 4,124 shares of the company’s stock valued at $771,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $160.38 on Monday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The company’s 50-day simple moving average is $185.88 and its 200-day simple moving average is $153.74. The stock has a market capitalization of $385.40 billion, a price-to-earnings ratio of 112.15, a PEG ratio of 3.24 and a beta of 1.65.

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. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $0.21 earnings per share. Palantir Technologies’s quarterly revenue was up 95.9% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.36 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLTR. Royal Bank Of Canada lifted their target price on Palantir Technologies from $90.00 to $130.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 3rd. Morgan Stanley boosted their price target on Palantir Technologies from $205.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Phillip Securities downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. KeyCorp restated a “sector weight” rating on shares of Palantir Technologies in a report on Wednesday. Finally, Northland Securities set a $200.00 target price on Palantir Technologies in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $214.53.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Lauren Friedman Stat sold 1,358 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $186.29, for a total transaction of $252,981.82. Following the transaction, the director directly owned 45,044 shares of the company’s stock, valued at $8,391,246.76. The trade was a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 523,716 shares of company stock worth $92,212,379. Corporate insiders own 9.53% of the company’s stock.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.