IFP Advisors Inc Acquires 8,989 Shares of Palantir Technologies Inc. $PLTR

Key Points

• IFP Advisors increased its Palantir stake by 9.8% in the third quarter, buying 8,989 shares for a total of 101,075 shares valued at approximately $18.9 million. Institutional investors own about 45.65% of the company.
• Palantir reported quarterly EPS of $0.41, exceeding the $0.34 consensus estimate, while revenue reached $1.94 billion, up 92.8% year over year. Analysts expect full-year EPS of approximately $1.31.
• The stock traded at $186.03 with a lofty price-to-earnings ratio of 159, while insiders sold roughly $97.9 million of shares during the quarter under prearranged plans, adding to valuation and sentiment concerns.

IFP Advisors Inc grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,075 shares of the company's stock after buying an additional 8,989 shares during the period. IFP Advisors Inc's holdings in Palantir Technologies were worth $18,906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Wealth Advisors LLC NC increased its position in Palantir Technologies by 67.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company's stock worth $1,240,000 after purchasing an additional 4,283 shares in the last quarter. Independent Financial Group LLC boosted its position in Palantir Technologies by 20.8% in the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company's stock valued at $21,957,000 after buying an additional 32,427 shares in the last quarter. World Equity Group Inc. boosted its position in Palantir Technologies by 7.2% in the second quarter. World Equity Group Inc. now owns 43,627 shares of the company's stock valued at $5,090,000 after buying an additional 2,948 shares in the last quarter. Sage Capital Advisors llc boosted its position in Palantir Technologies by 63.5% in the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company's stock valued at $7,810,000 after buying an additional 25,995 shares in the last quarter. Finally, V. M. Manning & CO. Inc. bought a new stake in shares of Palantir Technologies during the second quarter worth $539,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Down 7.2%

NASDAQ PLTR opened at $186.03 on Friday. The company has a market capitalization of $447.04 billion, a price-to-earnings ratio of 159.00, a PEG ratio of 3.27 and a beta of 1.60. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94. The stock has a fifty day simple moving average of $182.61 and a 200 day simple moving average of $152.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. Palantir Technologies's revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. Research analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider owned 56,921 shares of the company's stock, valued at approximately $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 Alexander 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 value of $86,057,506.92. Following 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 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. In the last quarter, insiders have sold 560,390 shares of company stock valued at $97,909,177. Corporate insiders own 9.53% of the company's stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Mizuho increased their price target on Palantir Technologies from $215.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday. Wolfe Research initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating on the stock. Zacks Research downgraded Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Finally, Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.61.

Palantir Technologies Company Profile

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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