Gainplan LLC Buys 3,682 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Gainplan LLC increased its Palantir stake by 131.5% in the third quarter, purchasing 3,682 additional shares for a total of 6,482 shares valued at approximately $1.21 million. Institutional investors collectively own 45.65% of PLTR.
• Palantir shares opened at $198.78, near their 52-week high, with a market capitalization of $477.68 billion and a very elevated P/E ratio of 169.90. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.41 EPS and $1.94 billion in revenue, up 92.8% year over year.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $198.75 target price, although valuation remains a key risk. Insiders sold more than 536,000 shares worth roughly $93.1 million in the last quarter, primarily under pre-arranged plans to cover tax obligations.

Gainplan LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 131.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,482 shares of the company's stock after purchasing an additional 3,682 shares during the quarter. Palantir Technologies comprises 0.7% of Gainplan LLC's portfolio, making the stock its 25th largest position. Gainplan LLC's holdings in Palantir Technologies were worth $1,212,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PLTR. Market Street Wealth Management Advisors LLC purchased a new stake in Palantir Technologies during the third quarter valued at about $373,000. Green Ridge Wealth Planning LLC purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth about $274,000. First Heartland Consultants Inc. grew its holdings in shares of Palantir Technologies by 14.6% during the 3rd quarter. First Heartland Consultants Inc. now owns 3,939 shares of the company's stock worth $737,000 after purchasing an additional 501 shares during the period. GAMMA Investing LLC increased its position in Palantir Technologies by 28.7% during the 3rd quarter. GAMMA Investing LLC now owns 58,170 shares of the company's stock worth $10,881,000 after purchasing an additional 12,975 shares in the last quarter. Finally, Grove Bank & Trust increased its position in Palantir Technologies by 11.4% during the 3rd quarter. Grove Bank & Trust now owns 1,869 shares of the company's stock worth $350,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors 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 stock has a market cap of $477.68 billion, a P/E ratio of 169.90, a P/E/G ratio of 2.73 and a beta of 1.60. The firm's 50-day simple moving average is $176.28 and its 200 day simple moving average is $149.88. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies's quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Trending Headlines about 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 related news, insider Alexander C. Karp sold 492,348 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock in a transaction dated 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. The trade was a 3.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 536,364 shares of company stock valued at $93,083,303 in the last quarter. Company insiders own 9.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PLTR. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 11th. Jefferies Financial Group reiterated an "underperform" rating and set a $80.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. BTIG Research cut Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. Northland Securities set a $200.00 price objective on Palantir Technologies in a research report on Tuesday, August 4th. Finally, Barclays started coverage on Palantir Technologies in a research report on Thursday. They issued an "overweight" rating and a $265.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.75.

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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