Gunderson Capital Management LLC Makes New $11.75 Million Investment in Palantir Technologies Inc. $PLTR

Key Points

• Gunderson Capital Management initiated an approximately $11.75 million position in Palantir, buying 62,801 shares during the third quarter. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong recent operating results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $201.61.
• The stock trades at elevated valuation levels, with a P/E ratio above 170, while insiders sold roughly $97.9 million worth of shares in the past quarter. Palantir’s shares recently traded near $199, close to the consensus target.

Gunderson Capital Management LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 62,801 shares of the company's stock, valued at approximately $11,747,000. Palantir Technologies comprises 3.2% of Gunderson Capital Management LLC's holdings, making the stock its 16th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ring Mountain Capital LLC grew its position in shares of Palantir Technologies by 1.0% during the 3rd quarter. Ring Mountain Capital LLC now owns 5,931 shares of the company's stock worth $1,109,000 after purchasing an additional 60 shares in the last quarter. BCGM Wealth Management LLC raised its stake in Palantir Technologies by 2.0% during the second quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock worth $374,000 after acquiring an additional 64 shares in the last quarter. JDM Financial Group LLC lifted its holdings in shares of Palantir Technologies by 20.9% in the second quarter. JDM Financial Group LLC now owns 388 shares of the company's stock worth $45,000 after acquiring an additional 67 shares during the last quarter. LifeSteps Financial Inc. lifted its holdings in shares of Palantir Technologies by 4.9% in the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock worth $217,000 after acquiring an additional 69 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. boosted its stake in shares of Palantir Technologies by 4.0% in the 1st quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company's stock valued at $264,000 after purchasing an additional 70 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 18,000 shares of the firm's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the completion of the transaction, the insider directly owned 274,667 shares of the company's stock, valued at $55,249,267.05. This trade represents a 6.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock in a transaction that occurred 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 completion of 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 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 560,390 shares of company stock valued at $97,909,177 in the last quarter. Insiders own 9.53% of the company's stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $1.83 on Thursday, hitting $199.14. The stock had a trading volume of 15,010,451 shares, compared to its average volume of 42,356,574. The stock has a 50 day moving average of $181.44 and a 200 day moving average of $151.35. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94. The firm has a market capitalization of $478.55 billion, a P/E ratio of 170.33, a PEG ratio of 2.87 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $0.16 EPS. The firm's revenue was up 92.8% compared to the same quarter last year. 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 equities analysts recently issued reports on PLTR shares. Piper Sandler reiterated an "overweight" rating and set a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Palantir Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 target price on shares of Palantir Technologies in a research note on Wednesday, September 23rd. Zacks Research downgraded shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Finally, Jefferies Financial Group reiterated an "underperform" rating and set a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and a consensus target price of $201.61.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: New banking deployment: Customers Bank will deploy Palantir’s Foundry and Artificial Intelligence Platform (AIP) to modernize deposit onboarding. The agreement expands Palantir’s presence in financial services and provides another example of enterprise adoption. Customers Bank collaboration
• Positive Sentiment: Additional aviation software contract: Surf Air Mobility signed its fifth OperatorOS agreement, with Flying Zebra, for software powered by Palantir. Although the direct financial contribution is not disclosed, the deal supports broader commercial distribution of Palantir’s technology in aviation. Flying Zebra contract
• Positive Sentiment: Analyst support: Goldman Sachs upgraded Palantir to Buy from Neutral, while fresh valuation work lifted a fair-value estimate to $205.27 from $195.57. Analysts continue to cite strong execution in commercial and sovereign AI. Analyst fair-value increase
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan ended their legal dispute over a proposed Metropolitan Police contract. Removing the litigation reduces uncertainty, but there is no indication that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation and profit-taking: With a market capitalization near $477 billion and a P/E ratio above 169, investors appear concerned that much of Palantir’s exceptional growth is already priced in. The November 2 earnings report also sets a high bar after nine consecutive earnings beats.
• Negative Sentiment: Notable selling activity: ARK Invest sold approximately $6.3 million of Palantir shares while reallocating funds to other AI companies. Directors also reported sales under pre-arranged Rule 10b5-1 plans, adding to near-term caution. ARK Invest Palantir sale

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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