3,026 Shares of Palantir Technologies Inc. $PLTR Bought by Polaris Financial Partners

Key Points

• Polaris Financial Partners acquired 3,026 Palantir shares worth approximately $573,000 during the third quarter. Other institutions also increased or initiated positions, with institutional investors and hedge funds owning 45.65% of the stock.
• Palantir reported stronger-than-expected quarterly results, with $0.41 EPS versus a $0.34 consensus estimate and revenue of $1.94 billion, up 92.8% year over year.
• PLTR shares traded at $188.75, while analysts maintained a “Moderate Buy” consensus and an average price target of $195.33. However, insiders sold roughly $92.8 million of stock in the quarter, and the company’s high valuation remains a key risk.

Polaris Financial Partners acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,026 shares of the company's stock, valued at approximately $573,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Boltwood Capital Management acquired a new stake in shares of Palantir Technologies during the third quarter worth $290,000. CX Institutional increased its stake in Palantir Technologies by 170.0% in the 3rd quarter. CX Institutional now owns 10,971 shares of the company's stock worth $2,052,000 after purchasing an additional 6,908 shares in the last quarter. Planning Strategies Inc. increased its stake in Palantir Technologies by 17.9% in the 3rd quarter. Planning Strategies Inc. now owns 850 shares of the company's stock worth $159,000 after purchasing an additional 129 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in Palantir Technologies during the 3rd quarter worth about $229,000. Finally, Versant Capital Management Inc lifted its stake in Palantir Technologies by 6.9% during the third quarter. Versant Capital Management Inc now owns 10,355 shares of the company's stock valued at $1,937,000 after buying an additional 668 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 0.7%

Shares of NASDAQ:PLTR traded down $1.29 during trading on Friday, reaching $188.75. 17,756,597 shares of the company traded hands, compared to its average volume of 43,251,453. The firm has a fifty day simple moving average of $169.49 and a 200 day simple moving average of $148.50. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The firm has a market cap of $453.58 billion, a P/E ratio of 161.32, a price-to-earnings-growth ratio of 2.63 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies's quarterly revenue was up 92.8% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.28 EPS for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent analyst reports. Oppenheimer lowered shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set an "overweight" rating on the stock. Roth Capital began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating for the company. Royal Bank Of Canada reissued an "underperform" rating and set a $90.00 price target on shares of Palantir Technologies in a research report on Friday, July 31st. Finally, Wolfe Research assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $195.33.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. This represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the firm's stock in a transaction dated 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 directly owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. This trade represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 535,027 shares of company stock valued at $92,829,340. 9.53% of the stock is currently owned by company insiders.

More Palantir Technologies News

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

• Positive Sentiment: Armada partnership expands sovereign AI opportunity. Palantir named Armada its inaugural Certified Modular Data Center Partner. The companies will combine Palantir’s Sovereign AI Operating System with U.S.- and allied-manufactured modular data centers, enabling government and enterprise customers to keep AI models, data, and hardware under their control—even in air-gapped environments. The announcement drove reports of a roughly 2% advance in the stock. Palantir and Armada Partner to Accelerate Sovereign AI Infrastructure
• Positive Sentiment: Strong operating momentum continues. Coverage highlights Palantir’s best quarter in a year, its ninth consecutive earnings beat, rapid revenue growth, expanding operating margins, and rising cash generation. Bullish analysts argue that demand for the company’s AI software could support substantially higher long-term revenue and earnings. Palantir’s Growth Could Justify a Much Higher Stock Price
• Neutral Sentiment: Cash flow is improving, but per-share gains are being watched. Palantir is producing substantially more cash as revenue expands; however, investors are evaluating whether that growth is sufficient to offset stock-based compensation and dilution. Is Palantir’s Cash Flow Keeping Ahead of Share Dilution?
• Negative Sentiment: Valuation leaves little room for disappointment. Palantir trades at a very high earnings multiple relative to the broader market. Any slowdown in growth, margin expansion, or AI spending could trigger a sharp repricing. What Could Go Wrong With Palantir Stock?
• Negative Sentiment: Some prominent investors are reducing exposure. Cathie Wood’s ARK Invest reportedly trimmed roughly $4 million of Palantir shares, while Michael Burry has maintained or increased a short position citing accounting and valuation concerns. These actions may reinforce near-term caution despite strong fundamentals. Peter Thiel Says US AI Demand Is Booming, but Cathie Wood Is Trimming Palantir

Palantir Technologies Company 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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