Kestra Investment Management LLC Buys 3,334 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Kestra Investment Management increased its Palantir stake by 47.7% in the third quarter, adding 3,334 shares to hold 10,317 shares worth about $1.93 million.
• Other institutions also adjusted or initiated positions, and hedge funds and institutional investors collectively owned 45.65% of Palantir shares.
• Palantir reported quarterly revenue growth of 95.9% and beat earnings expectations; analysts’ consensus rating was “Moderate Buy,” though the article noted valuation concerns.

Kestra Investment Management LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 47.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,317 shares of the company's stock after acquiring an additional 3,334 shares during the quarter. Kestra Investment Management LLC's holdings in Palantir Technologies were worth $1,930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Guardian Wealth Advisors LLC NC boosted its position in shares of Palantir Technologies by 67.5% in 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. Blueprint Investment Partners LLC purchased a new position in Palantir Technologies during the 3rd quarter worth $2,901,000. Counterpoint Mutual Funds LLC acquired a new position in Palantir Technologies during the 3rd quarter valued at about $1,255,000. Independent Financial Group LLC raised its stake 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 during the last quarter. Finally, World Equity Group Inc. raised its stake 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 during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s latest quarter showed rapid growth and profitability: revenue rose nearly 96% year over year and exceeded expectations, while U.S. commercial revenue more than doubled. That commercial momentum may help offset reliance on government contracts. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Positive Sentiment: ETFs purchased $75.3 million of PLTR shares on Nov. 6, with more funds buying than selling, indicating institutional demand. Article: ETFs Are Buying Palantir (PLTR) on Nov. 6
• Neutral Sentiment: A technical analysis article pointed to a historically bullish signal, but the provided report did not specify its details or guarantee future gains. Article: This Software Stock Bull Signal Has Never Been Wrong
• Negative Sentiment: Investors may be weighing political and budget risk: the incoming Congress could reject or revise the proposed 2027 defense budget, potentially affecting Palantir’s government business. The concern comes even as commercial growth accelerates. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Negative Sentiment: Valuation remains a headwind. Commentary cautioned that the shares may be expensive despite strong commercial AI growth, leaving them vulnerable to profit-taking or a broader AI-sector pullback. Article: Palantir’s Commercial AI Business Just Changed the Story, But It’s Stock Could Be Too Expensive

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PLTR. JPMorgan Chase & Co. initiated coverage on Palantir Technologies in a research note on Thursday, October 29th. They set an "overweight" rating and a $262.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Palantir Technologies in a research report on Monday, October 26th. Truist Financial reiterated a "buy" rating and issued a $250.00 target price (up from $223.00) on shares of Palantir Technologies in a research note on Tuesday, November 3rd. Yorkville Ives assumed coverage on shares of Palantir Technologies in a research note on Tuesday, October 6th. They set an "outperform" rating and a $250.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Palantir Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and a consensus target price of $214.53.

Palantir Technologies Stock Down 0.2%

Shares of NASDAQ:PLTR opened at $168.82 on Wednesday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The stock has a market cap of $405.68 billion, a price-to-earnings ratio of 118.06, a PEG ratio of 3.42 and a beta of 1.65. The business has a 50-day moving average price of $185.19 and a 200-day moving average price of $153.77.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Palantir Technologies's revenue for the quarter was up 95.9% on a year-over-year basis. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 1.36 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 1,358 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $186.29, for a total value of $252,981.82. Following the sale, the director owned 45,044 shares in the company, valued at $8,391,246.76. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric H. Woersching sold 1,000 shares of the firm's stock in a transaction on Friday, October 9th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the transaction, the director directly owned 3,465 shares of the company's stock, valued at approximately $710,325. This trade represents a 22.40% decrease in their position. 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. In the last 90 days, insiders sold 523,716 shares of company stock worth $92,212,379. Corporate insiders own 9.53% of the company's stock.

Palantir Technologies Profile

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company's platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.