11,870 Shares in Palantir Technologies Inc. $PLTR Acquired by Surience Private Wealth LLC

Key Points

• Surience Private Wealth LLC acquired 11,870 Palantir shares worth approximately $2.22 million in the third quarter, making PLTR a 2.3% portfolio holding. Institutional investors and hedge funds collectively own 45.65% of the company.
• Palantir shares fell 7.2% to $186.03, despite strong quarterly results that exceeded earnings and revenue expectations and included 92.8% year-over-year revenue growth. The stock’s valuation remains elevated, with a price-to-earnings ratio of 159.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $201.61, but high expectations, technology-sector weakness and recent insider selling could weigh on the stock.

Surience Private Wealth LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,870 shares of the company's stock, valued at approximately $2,220,000. Palantir Technologies comprises 2.3% of Surience Private Wealth LLC's portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Howard Capital Management LLC increased its position in Palantir Technologies by 1.0% during the 3rd quarter. Howard Capital Management LLC now owns 64,985 shares of the company's stock valued at $12,155,000 after purchasing an additional 673 shares during the period. Clearview Wealth Management LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $208,000. Franchise GP Ltd acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $5,650,000. Patriot Investment Management Group Inc. acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $216,000. Finally, ACT Advisors LLC. boosted its stake in shares of Palantir Technologies by 18.0% in the 3rd quarter. ACT Advisors LLC. now owns 2,299 shares of the company's stock valued at $430,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Down 7.2%

PLTR stock traded down $14.47 during mid-day trading on Friday, reaching $186.03. The company's stock had a trading volume of 33,238,730 shares, compared to its average volume of 23,416,700. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The business's 50 day moving average price is $182.61 and its 200 day moving average price is $152.00. The company has a market cap of $447.04 billion, a price-to-earnings ratio of 159.00, a price-to-earnings-growth ratio of 3.53 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The company's revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Tuesday, August 4th. Rosenblatt Securities reissued a "buy" rating and set a $225.00 target price on shares of Palantir Technologies in a research note on Wednesday, September 23rd. DA Davidson boosted their target price on shares of Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a report on Friday, September 11th. Oppenheimer cut shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Finally, 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 research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Moderate Buy" and an average target price of $201.61.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 492,348 shares of the firm's stock in a transaction 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 completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares of the company's stock, valued at approximately $100,081,780.20. This trade represents a 5.16% 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. Insiders have sold 560,390 shares of company stock worth $97,909,177 over the last ninety days. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Profile

Palantir Technologies Inc NASDAQ: PLTR develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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