N10 Assets LLC Acquires 2,524 Shares of Palantir Technologies Inc. $PLTR

Key Points

• N10 Assets increased its Palantir stake by 4.2% in the third quarter, purchasing 2,524 additional shares and bringing its holdings to 62,647 shares valued at approximately $11.7 million.
• Institutional ownership stands at 45.65%, while insiders have sold 559,390 shares worth about $97.7 million over the past 90 days, including transactions conducted under pre-arranged Rule 10b5-1 plans.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS beating estimates; however, its valuation remains elevated at roughly 173 times earnings, and analysts’ consensus price target is $200.54.

N10 Assets LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 62,647 shares of the company's stock after purchasing an additional 2,524 shares during the period. Palantir Technologies comprises 4.3% of N10 Assets LLC's holdings, making the stock its 11th biggest position. N10 Assets LLC's holdings in Palantir Technologies were worth $11,718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLTR. WestHill Financial Advisors Inc. bought a new stake in Palantir Technologies during the 3rd quarter valued at $202,000. First Citizens Bank & Trust Co. increased its holdings in shares of Palantir Technologies by 20.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 112,012 shares of the company's stock valued at $20,952,000 after acquiring an additional 18,634 shares during the period. Succession Financial Inc. raised its position in shares of Palantir Technologies by 133.1% in the 3rd quarter. Succession Financial Inc. now owns 4,815 shares of the company's stock worth $901,000 after acquiring an additional 2,749 shares in the last quarter. XY Planning Network Inc. bought a new position in shares of Palantir Technologies in the 3rd quarter worth $298,000. Finally, Define Financial LLC bought a new position in shares of Palantir Technologies in the 3rd quarter worth $255,000. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Shyam Sankar sold 35,000 shares of the company's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. This represents a 5.16% decrease in their position. The transaction was disclosed in a legal filing 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, Director Lauren Friedman Stat sold 5,026 shares of the firm's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the transaction, the director owned 46,402 shares of the company's stock, valued at $9,233,998. This trade represents a 9.77% 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. Over the last ninety days, insiders sold 559,390 shares of company stock valued at $97,704,177. 9.53% of the stock is owned by corporate insiders.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s partnership with Ondas to launch Regna AI strengthens its sovereign-defense strategy. The venture will develop specialized AI models for drones, surveillance systems, ground vehicles and unmanned vessels, potentially creating a new source of government and defense demand. Regna AI and Palantir article
• Positive Sentiment: Recent operating results remain a major support for the stock. Palantir’s latest quarter produced revenue of $1.94 billion, up 92.8% year over year, while earnings exceeded consensus estimates. Bullish analysts argue that accelerating AI adoption and raised fiscal 2026 guidance could justify further growth. Palantir AI opportunity article
• Neutral Sentiment: The legal dispute involving London Mayor Sadiq Khan over a £50 million Metropolitan Police contract has been dropped, removing a source of controversy, although the development does not immediately add confirmed revenue. Palantir London police contract article
• Negative Sentiment: Valuation concerns are limiting enthusiasm. Palantir trades at roughly 173 times earnings, and its rapid appreciation has pushed expectations well above many published analyst price targets. Michael Burry’s reported short position and broader warning that AI stocks may be peaking are adding to caution. Michael Burry Palantir short article
• Negative Sentiment: Palantir has beaten estimates nine consecutive times, but that record creates a high bar for the November 2 report. Any slowdown in growth, weaker guidance or evidence that AI spending is not converting into profits could trigger a sharper pullback. Palantir earnings expectations article
• Negative Sentiment: Insiders disclosed sales, including a director’s $1.0 million transaction and an executive’s $3.6 million sale. Both were conducted under pre-arranged Rule 10b5-1 plans, reducing their predictive value, but they can still reinforce concerns about profit-taking near record levels. Palantir insider selling article

Palantir Technologies Stock Performance

PLTR stock traded down $6.34 during trading on Wednesday, reaching $202.33. The company had a trading volume of 12,231,207 shares, compared to its average volume of 42,433,055. The firm has a 50-day simple moving average of $180.59 and a 200-day simple moving average of $150.98. The company has a market cap of $486.22 billion, a price-to-earnings ratio of 172.88, a price-to-earnings-growth ratio of 2.87 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.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) 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 business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company posted $0.16 earnings per share. The business's quarterly revenue was up 92.8% on a year-over-year basis. Sell-side 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 brokerages recently weighed in on PLTR. The Goldman Sachs Group raised Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 price objective on the stock in a research report on Thursday, October 8th. Raymond James Financial upgraded shares of Palantir Technologies from a "hold" rating to a "moderate buy" rating in a report on Thursday, October 8th. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a report on Tuesday, August 11th. Benchmark reissued a "hold" rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada restated an "underperform" rating and issued a $90.00 price target on shares of Palantir Technologies in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $200.54.

About Palantir Technologies

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.

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.