Arbor Wealth Management LLC AZ Buys New Position in Palantir Technologies Inc. $PLTR

Key Points

• Arbor Wealth Management LLC AZ bought 3,930 Palantir shares worth approximately $735,000, making the stock 0.7% of its portfolio. Institutional investors collectively own 45.65% of Palantir.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analysts’ expectations.
• Shares opened at $192.60, while analysts maintain a “Moderate Buy” consensus with an average price target of $203.28. However, the stock’s elevated valuation and recent insider selling remain key risks.

Arbor Wealth Management LLC AZ bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,930 shares of the company's stock, valued at approximately $735,000. Palantir Technologies accounts for 0.7% of Arbor Wealth Management LLC AZ's holdings, making the stock its 13th largest holding.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC purchased a new stake in shares of Palantir Technologies during the first quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its holdings in Palantir Technologies by 277.4% during 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 buying an additional 7,678,747 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 valued at $2,755,883,000 after buying an additional 4,201,852 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Palantir Technologies by 795.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company's stock valued at $480,247,000 after buying an additional 2,952,079 shares in the last quarter. Finally, State Street Corp boosted its position in 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 buying an additional 2,863,874 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $192.60 on Wednesday. The stock has a market cap of $462.83 billion, a price-to-earnings ratio of 164.62, a PEG ratio of 3.42 and a beta of 1.60. The firm's 50-day moving average is $183.35 and its two-hundred day moving average is $152.76. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94.

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 the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company earned $0.16 EPS. The company's revenue was up 92.8% compared to the same quarter last year. On average, equities analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on PLTR. Barclays started coverage on shares of Palantir Technologies in a research note on Friday, October 9th. They issued an "overweight" rating and a $265.00 target price on the stock. Phillip Securities lowered shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. Piper Sandler reaffirmed an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Palantir Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Finally, Oppenheimer lowered Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. One research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $203.28.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 492,348 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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, Director Eric H. 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 value of $205,000.00. Following the transaction, the director directly owned 3,465 shares in the company, valued at approximately $710,325. The trade was a 22.40% 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 a total of 560,390 shares of company stock valued at $97,909,177 over the last three months. Company insiders own 9.53% of the company's stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Knox Systems partnership supports federal growth. Palantir is working with Knox to accelerate software deployments for customers operating in secure FedRAMP and IL5 cloud environments. The agreement could improve access to government agencies and reinforce Palantir’s position in defense technology, although financial terms were not disclosed. Knox and Palantir partnership
• Positive Sentiment: Analysts raised price targets. Mizuho lifted its target to $245 and Baird raised its target to $250, citing Palantir’s rapid revenue growth and expanding commercial and government opportunities. Broader optimism that the AI spending cycle has substantial room to run also provides a favorable backdrop for Palantir’s software and “sovereign AI” offerings. Palantir stock and analyst targets
• Neutral Sentiment: November earnings are the next major test. Palantir recently reported approximately 93% year-over-year quarterly revenue growth, but investors will need continued strong execution and margin performance to justify the stock’s premium multiple. Commentary on TITAN deployments and AI in production points to potential recurring, high-margin government revenue. Palantir TITAN system delivery
• Negative Sentiment: Valuation and selling pressure remain key risks. Analysts warn that Palantir’s valuation already assumes years of exceptional execution, while ETF outflows, increased insider selling and ARK Invest’s reported sale of roughly $3.6 million in PLTR shares may weigh on sentiment. With shares near their 52-week high, investors appear particularly sensitive to any growth or margin disappointment. Palantir valuation risk

About Palantir Technologies

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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