3,826 Palantir Technologies Inc. $PLTR Shares Acquired by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group increased its Palantir stake by 8.4% in the third quarter, purchasing 3,826 shares and bringing its holdings to 49,110 shares valued at approximately $9.19 million. Institutional investors collectively own 45.65% of PLTR.
• Palantir reported strong quarterly growth, with revenue rising 92.8% year over year to $1.94 billion and earnings of $0.41 per share, above analysts’ $0.34 estimate. Analysts maintain a “Moderate Buy” consensus, with an average price target of $203.28.
• Despite positive momentum from new secure-cloud partnerships and raised analyst targets, valuation and selling pressure remain concerns: PLTR trades at a P/E ratio of 164.62, while insiders sold $97.9 million of shares last quarter and ARK Invest continued reducing its position.

Quadrant Capital Group LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,110 shares of the company's stock after buying an additional 3,826 shares during the period. Quadrant Capital Group LLC's holdings in Palantir Technologies were worth $9,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ring Mountain Capital LLC lifted its stake in shares of Palantir Technologies by 1.0% in the third quarter. Ring Mountain Capital LLC now owns 5,931 shares of the company's stock worth $1,109,000 after acquiring an additional 60 shares in the last quarter. BCGM Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 2.0% in the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock valued at $374,000 after buying an additional 64 shares during the period. JDM Financial Group LLC grew its holdings in shares of Palantir Technologies by 20.9% during the second quarter. JDM Financial Group LLC now owns 388 shares of the company's stock valued at $45,000 after purchasing an additional 67 shares during the last quarter. Eagle Wealth Advisors LLC lifted its stake in Palantir Technologies by 0.8% in the third quarter. Eagle Wealth Advisors LLC now owns 8,821 shares of the company's stock valued at $1,650,000 after buying an additional 67 shares during the last quarter. Finally, LifeSteps Financial Inc. boosted its stake in Palantir Technologies by 4.9% during the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock valued at $217,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 1,000 shares of Palantir Technologies stock in a transaction on Friday, October 9th. The shares were sold at an average price of $205.00, for a total value of $205,000.00. Following the sale, the director directly owned 3,465 shares in the company, valued at approximately $710,325. The trade was a 22.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the sale, the insider owned 56,921 shares of the company's stock, valued at $9,920,761.09. This trade represents a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 560,390 shares of company stock valued at $97,909,177 over the last quarter. 9.53% of the stock is currently owned by corporate insiders.

More Palantir Technologies News

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

• Positive Sentiment: Palantir partnered with Knox Systems to accelerate software deployment for customers operating in highly secure FedRAMP and Impact Level 5 government-cloud environments. The agreement could improve Palantir’s access to federal and defense workloads, although financial terms were not disclosed. Knox and Palantir Partner to Further Accelerate Delivery of Software through Largest Federal Cloud
• Positive Sentiment: The Knox announcement helped drive a sharp rebound in PLTR shares after the prior week’s technology selloff. Mizuho and Baird also raised their price targets to $245 and $250, respectively, reflecting confidence in Palantir’s government business and growth outlook. Palantir Stock Bounces Back Ahead of November Earnings Test
• Positive Sentiment: Broader AI spending and rising demand for sovereign AI, cybersecurity, and secure data infrastructure could provide additional long-term tailwinds for Palantir’s commercial and government businesses. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Investors are focused on the November earnings report to determine whether Palantir’s exceptional revenue growth can continue and justify its premium valuation. Recent commentary remains divided, with some analysts expecting expanding margins and others turning neutral. Palantir: Wall Street Expects Shrinking Margins, I See the Opposite
• Negative Sentiment: ARK Invest continued selling Palantir, including roughly $5.4 million of shares, while redirecting capital toward other high-growth companies. The sales may reinforce concerns that some growth investors view PLTR as fully valued. Cathie Wood Sells $5.4 Million Worth of Palantir Stock
• Negative Sentiment: Analysts warn that PLTR’s very high earnings multiple already assumes years of exceptional execution. Accelerating insider sales and net selling by exchange-traded funds add further supply and could pressure the shares if growth or margins disappoint. PLTR Stock’s Biggest Risk Is Its Price

Palantir Technologies Trading Down 0.8%

Palantir Technologies stock opened at $192.60 on Wednesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm has a market capitalization of $462.83 billion, a P/E ratio of 164.62, a PEG ratio of 3.42 and a beta of 1.60. The business has a 50-day moving average of $183.35 and a 200-day moving average of $152.76.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share 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 for the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the firm posted $0.16 earnings per share. The business's quarterly revenue was up 92.8% compared to the same quarter last year. Research analysts anticipate 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 a number of research reports. Barclays initiated coverage on Palantir Technologies in a research note on Friday, October 9th. They set an "overweight" rating and a $265.00 price target for the company. DA Davidson lifted their price objective on shares of Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, September 11th. President Capital raised Palantir Technologies from a "neutral" rating to a "buy" rating and raised their price target for the company from $25.50 to $133.00 in a research report on Monday, June 29th. William Blair reissued an "outperform" rating on shares of Palantir Technologies in a report on Wednesday, August 26th. Finally, Robert W. Baird set a $250.00 price target on shares of Palantir Technologies in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $203.28.

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.

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