Account Management LLC Makes New $1.44 Million Investment in Palantir Technologies Inc. $PLTR

Key Points

• Account Management LLC opened a new Palantir position in the third quarter, buying 7,700 shares worth about $1.44 million. PLTR represents roughly 1.5% of the firm’s portfolio.
• Palantir’s latest quarter beat expectations, with revenue of $2.31 billion versus $2.18 billion forecast and year-over-year growth of 95.9%; earnings per share were $0.44 versus estimates of $0.41.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $214.53, though the article notes valuation concerns; institutional investors own 45.65% of the stock.

Account Management LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,700 shares of the company's stock, valued at approximately $1,440,000. Palantir Technologies makes up approximately 1.5% of Account Management LLC's portfolio, making the stock its 15th biggest holding.

Other large investors have also modified their holdings of the company. Jennison Associates LLC acquired a new stake in Palantir Technologies during the first quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock valued at $1,528,143,000 after purchasing an additional 7,678,747 shares during the period. Bank of America Corp DE grew its stake in shares of Palantir Technologies by 28.7% in the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Palantir Technologies by 795.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company's stock worth $480,247,000 after buying an additional 2,952,079 shares in the last quarter. Finally, State Street Corp raised its holdings 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 worth $12,190,903,000 after buying an additional 2,863,874 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR opened at $168.82 on Wednesday. The stock has a fifty day moving average price of $185.19 and a two-hundred day moving average price of $153.77. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The company has a market cap of $405.68 billion, a price-to-earnings ratio of 118.06, a PEG ratio of 3.42 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business's revenue was up 95.9% on a year-over-year basis. As a group, research analysts predict that Palantir Technologies Inc. will post 1.36 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Eric Woersching sold 1,000 shares of the company's stock in a transaction on Friday, October 9th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the transaction, the director owned 3,465 shares of the company's stock, valued at approximately $710,325. This represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the transaction, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. This represents a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 523,716 shares of company stock worth $92,212,379 over the last ninety days. 9.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several analyst reports. Jefferies Financial Group restated an "underperform" rating and set a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research report on Tuesday, August 11th. Raymond James Financial set a $255.00 price objective on Palantir Technologies in a research note on Wednesday, November 4th. Northland Securities set a $200.00 price objective on Palantir Technologies in a report on Tuesday, August 4th. Finally, Truist Financial reissued a "buy" rating and set a $250.00 price objective (up from $223.00) on shares of Palantir Technologies in a report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $214.53.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir’s latest quarter showed rapid growth and profitability: revenue rose nearly 96% year over year and exceeded expectations, while U.S. commercial revenue more than doubled. That commercial momentum may help offset reliance on government contracts. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Positive Sentiment: ETFs purchased $75.3 million of PLTR shares on Nov. 6, with more funds buying than selling, indicating institutional demand. Article: ETFs Are Buying Palantir (PLTR) on Nov. 6
• Neutral Sentiment: A technical analysis article pointed to a historically bullish signal, but the provided report did not specify its details or guarantee future gains. Article: This Software Stock Bull Signal Has Never Been Wrong
• Negative Sentiment: Investors may be weighing political and budget risk: the incoming Congress could reject or revise the proposed 2027 defense budget, potentially affecting Palantir’s government business. The concern comes even as commercial growth accelerates. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Negative Sentiment: Valuation remains a headwind. Commentary cautioned that the shares may be expensive despite strong commercial AI growth, leaving them vulnerable to profit-taking or a broader AI-sector pullback. Article: Palantir’s Commercial AI Business Just Changed the Story, But It’s Stock Could Be Too Expensive

Palantir Technologies Profile

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.

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