9,855 Shares of Palantir Technologies Inc. $PLTR Bought by Breakwater Capital Group

Key Points

• Breakwater Capital Group acquired 9,855 Palantir shares during the third quarter, valued at approximately $1.84 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported quarterly earnings of $0.41 per share versus a $0.34 estimate, while revenue reached $1.94 billion, up 92.8% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and several price-target increases, but Palantir’s elevated valuation and substantial insider selling remain key risks.

Breakwater Capital Group bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,855 shares of the company's stock, valued at approximately $1,843,000.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock valued at $22,146,030,000 after buying an additional 757,322 shares in the last quarter. State Street Corp lifted its stake in shares of Palantir Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Bank of America Corp DE grew its position in Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock worth $2,755,883,000 after acquiring an additional 4,201,852 shares during the last quarter. Finally, Amundi increased its holdings in Palantir Technologies by 2.5% in the 1st quarter. Amundi now owns 16,410,400 shares of the company's stock worth $2,400,513,000 after purchasing an additional 398,093 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Up 2.4%

Shares of NASDAQ PLTR opened at $198.78 on Friday. The firm has a market cap of $477.68 billion, a PE ratio of 169.90, a P/E/G ratio of 2.73 and a beta of 1.60. The company's fifty day simple moving average is $176.28 and its 200 day simple moving average is $149.88. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

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 for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business's revenue was up 92.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts predict that Palantir Technologies Inc. will post 1.28 earnings per share for the current year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and assigned a $230 price target. Analyst Gabriela Borges cited expanding demand for sovereign AI, customized applications and specialized industry solutions, which could significantly enlarge Palantir’s addressable market. Palantir Gets Goldman Sachs Upgrade as Sovereign AI Opens New Market
• Positive Sentiment: The upgrade reinforces a broader bullish analyst narrative. Dan Ives has named Palantir a top artificial intelligence pick, while Yorkville Ives reportedly initiated coverage with a $250 target. Investors are increasingly viewing Palantir as a beneficiary of rising enterprise and government demand for AI infrastructure and software. Dan Ives Thinks AI Buildout Is Still in Early Stages
• Positive Sentiment: Recent coverage highlights Palantir’s expanding Maven-related defense work, Foundry deployments and sovereign AI initiatives. A Foundry implementation at Ocean Power Technologies also demonstrates potential for Palantir’s software to support operational scaling across commercial and international markets. Could Palantir Foundry Be a Turning Point for Ocean Power Technologies?
• Neutral Sentiment: Long-term stock comparisons remain mixed. Palantir is viewed as a leading profitable AI software company, but other companies may offer faster growth or lower valuations over the next five years. The debate underscores the importance of sustaining strong revenue growth to justify PLTR’s premium multiple. Here's Where Palantir and Other AI Software Stocks Could Be in Five Years
• Negative Sentiment: Valuation remains the principal risk. With the shares trading near their 52-week high and at a very elevated earnings multiple, even modestly slower growth, rising costs or weaker contract momentum could trigger significant volatility.
• Negative Sentiment: Zacks Research cut its rating from Strong Buy to Hold, while reported insider activity shows substantial selling and no open-market purchases during the past six months. These factors may temper enthusiasm despite the Goldman upgrade. Palantir Technologies Stock Dropped to Hold by Zacks Research

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 1,337 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $189.95, for a total value of $253,963.15. Following the sale, the director owned 51,428 shares of the company's stock, valued at approximately $9,768,748.60. This represents a 2.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 536,364 shares of company stock valued at $93,083,303. 9.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on PLTR shares. Northland Securities set a $200.00 price target on Palantir Technologies in a report on Tuesday, August 4th. Raymond James Financial upgraded shares of Palantir Technologies from a "hold" rating to a "moderate buy" rating in a research report on Thursday. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a report on Tuesday, August 11th. UBS Group upped their price target on shares of Palantir Technologies from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, September 15th. Finally, Wedbush assumed coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $198.75.

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.