Doliver Advisors LP Purchases New Position in Palantir Technologies Inc. $PLTR

Key Points

• Doliver Advisors LP initiated a Palantir position by purchasing 5,719 shares worth approximately $1.07 million during the third quarter. Hedge funds and other institutional investors collectively own 45.65% of the company.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, and earnings per share of $0.41, beating analysts’ $0.34 estimate. The stock traded near $190, with a market capitalization of approximately $456.7 billion and a highly elevated P/E ratio of 162.43.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $195.33, although insiders sold more than $92.8 million of shares in the last quarter and some analysts cite valuation concerns.

Doliver Advisors LP bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,719 shares of the company's stock, valued at approximately $1,070,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies in the 4th quarter valued at approximately $31,000. Prudent Man Investment Management Inc. acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $35,000. Monetary Solutions Ltd purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $36,000. Reflection Asset Management acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $35,000. Finally, Ballast Advisors LLC purchased a new position in Palantir Technologies during the first quarter worth about $29,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

NASDAQ:PLTR traded up $2.99 during mid-day trading on Thursday, reaching $190.04. The stock had a trading volume of 17,826,946 shares, compared to its average volume of 43,386,621. The company has a market capitalization of $456.68 billion, a price-to-earnings ratio of 162.43, a price-to-earnings-growth ratio of 2.63 and a beta of 1.62. The stock's 50 day simple moving average is $168.15 and its two-hundred day simple moving average is $148.22. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its 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 in the prior year, the company earned $0.16 earnings per share. The firm's revenue was up 92.8% compared to the same quarter last year. Sell-side analysts anticipate that Palantir Technologies Inc. will post 1.28 EPS for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of several research analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of Palantir Technologies in a research report on Wednesday, September 23rd. President Capital raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. BNP Paribas Exane started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an "underperform" rating on the stock. Oppenheimer cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 4th. Finally, UBS Group upped their price target on Palantir Technologies from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $195.33.

Insider Activity

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 535,027 shares of company stock worth $92,829,340 in the last quarter. Company insiders own 9.53% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir is being highlighted as a potential long-term AI beneficiary. Analysts and financial commentators point to growing demand for its model-agnostic Artificial Intelligence Platform (AIP), expanding use of data tools across industries and the potential for continued revenue growth. Where Will Palantir Stock Be in 5 Years?
• Positive Sentiment: Technical commentary is also supportive: Palantir has rebuilt an uptrend after a major prior pullback, and one forecast identifies potential upside toward $207–$242 if the stock holds above a recent higher low. Palantir Stock Forecast: Weekly Breakout Puts $242 in Focus
• Positive Sentiment: Palantir’s partnership with Surf Air Mobility is reportedly accelerating the commercialization of aviation software products, while Surf Air added another OperatorOS customer. The development provides a tangible example of potential commercial adoption beyond Palantir’s government business. Surf Air Mobility Adds New OperatorOS Customer
• Neutral Sentiment: Reports that Anthropic is adopting a founder-control voting structure similar to Palantir’s governance model have renewed attention on Palantir’s corporate structure, but do not directly affect earnings.
• Neutral Sentiment: Palantir CEO Alex Karp’s reported purchase of roughly 37,000 acres of Swedish forest for about $22 million is unrelated to the company’s operating performance and is unlikely to materially affect valuation. Palantir CEO Alex Karp purchased Swedish forestland
• Negative Sentiment: Michael Burry has reportedly increased his Palantir short position because of accounting and valuation concerns. With a market capitalization near $457 billion and a very elevated earnings multiple, the stock is vulnerable if growth slows or investor enthusiasm for AI fades. What Michael Burry Sees in His Palantir Short
• Negative Sentiment: More than 44,000 people have reportedly filed legal objections to Palantir’s NHS data platform, adding reputational, regulatory and contract-execution risk. Legal objections to Palantir NHS platform

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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