October Effect Ltd Purchases New Shares in Palantir Technologies Inc. $PLTR

Key Points

• October Effect Ltd bought 15,450 shares of Palantir (NASDAQ:PLTR) in the fourth quarter for about $2.746 million, representing 3.0% of its portfolio and its eighth-largest holding.
• Palantir reported a quarterly beat with $0.25 EPS vs. $0.23 expected and revenue of $1.41 billion (up ~70% YoY); the company has a market cap near $355 billion and a high valuation (P/E ~235.65), while analysts' consensus is a "Moderate Buy" with a $197.77 target and some firms raising targets further.
• Insiders sold a large block of shares recently—over 1,029,879 shares worth about $137.7 million in the last quarter—though company insiders still own roughly 9.23% of the stock.

October Effect Ltd purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,450 shares of the company's stock, valued at approximately $2,746,000. Palantir Technologies accounts for 3.0% of October Effect Ltd's investment portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Bare Financial Services Inc grew its holdings in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after buying an additional 55 shares during the last quarter. Delos Wealth Advisors LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at approximately $29,000. Zeit Capital LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $30,000. Financial Consulate Inc. acquired a new stake in Palantir Technologies during the 3rd quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at approximately $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $148.46 on Friday. The firm has a market capitalization of $355.07 billion, a price-to-earnings ratio of 235.65, a price-to-earnings-growth ratio of 2.94 and a beta of 1.68. The business's 50 day simple moving average is $145.80 and its 200-day simple moving average is $167.73. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies's quarterly revenue was up 70.0% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

More Palantir Technologies News

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

• Positive Sentiment: Five‑year renewal and expansion with Stellantis reinforces multi‑year commercial revenue and broader Foundry/AIP deployment across an auto giant — a concrete, recurring‑revenue catalyst. Palantir (PLTR) Announces 5‑Year Partnership Expansion with Stellantis
• Positive Sentiment: Defense tailwind: the Pentagon formalizing Maven as a program of record boosts contract visibility and stickiness in the government segment. That underpins revenue durability and margins for PLTR. Assessing Palantir Technologies (PLTR) Valuation After Stellantis Renewal And Pentagon Maven Milestone
• Positive Sentiment: Wall Street momentum: multiple analysts have raised targets (UBS, Piper Sandler, Wedbush among others) and the median 6‑month target sits well above current levels — supporting upside expectations. Palantir Technologies Stock (PLTR) Opinions on Golden Dome Missile Shield
• Positive Sentiment: Strong fundamentals: recent quarterly beats, ~70% y/y revenue growth and large contract bookings (multi‑billion TCV) keep the growth narrative intact. Palantir Stock Soared Last Year. This Year It's Down Sharply.
• Neutral Sentiment: Valuation debate: metrics diverge — sky‑high P/E vs a PEG near 1 in some analyses, leaving investors split on whether current prices already reflect future growth. Is Palantir (PLTR) Stock Undervalued? The PEG Ratio Reveals a Surprising Answer
• Neutral Sentiment: Market reset vs secular story: commentators and some analysts characterize the recent pullback as a rotation/reset rather than a change in fundamentals — this frames short‑term weakness as a potential buying opportunity for long‑term holders. Palantir’s (PLTR) Selloff Appears More Like a Reset than a Warning
• Negative Sentiment: Large insider selling: extensive reported insider sales (multiple executives and founders) are a red flag for some traders and can sap confidence despite company performance. Palantir Technologies Stock (PLTR) Opinions on Golden Dome Missile Shield
• Negative Sentiment: Geopolitical/security risk: reports that Iran identified Palantir as a possible target raise operational and reputational risk concerns for investors. Iran Identifies Palantir as a ‘Legitimate Target’ for Threatened Attacks
• Negative Sentiment: Ethics and public backlash: NHS staff boycott and similar controversies keep regulatory and reputational risks on the table, which can limit public‑sector expansion in sensitive markets. NHS staff boycott Palantir’s data platform over ethical concerns

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 19,988 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the sale, the insider directly owned 219,421 shares of the company's stock, valued at approximately $29,340,976.12. This represents a 8.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the firm's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the transaction, the insider owned 392,370 shares of the company's stock, valued at $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. Company insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent research reports. Citigroup boosted their target price on Palantir Technologies from $235.00 to $260.00 and gave the company a "buy" rating in a report on Tuesday, February 3rd. Phillip Securities lowered their price objective on shares of Palantir Technologies from $208.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday. Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a research note on Thursday, January 22nd. Robert W. Baird upgraded shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price objective for the company in a research report on Tuesday, February 3rd. Finally, Benchmark began coverage on shares of Palantir Technologies in a research note on Wednesday. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $197.77.

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

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