Palantir Technologies Inc. $PLTR Position Boosted by Verus Capital Partners LLC

Key Points

• Verus Capital Partners increased its Palantir stake by 20.8% in Q3, adding 11,126 shares to hold 64,568 shares worth about $12.1 million.
• Palantir beat quarterly estimates, reporting EPS of $0.44 and revenue of $2.31 billion, up 95.9% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average target price of $214.53; meanwhile, insiders sold 523,716 shares worth about $92.2 million over the past 90 days.

Verus Capital Partners LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 20.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,568 shares of the company's stock after buying an additional 11,126 shares during the period. Palantir Technologies makes up 0.6% of Verus Capital Partners LLC's holdings, making the stock its 29th largest position. Verus Capital Partners LLC's holdings in Palantir Technologies were worth $12,077,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Signature Wealth Management Partners LLC raised its position in Palantir Technologies by 1.0% in the third quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company's stock worth $961,000 after acquiring an additional 51 shares in the last quarter. Atlatl Advisers LLC lifted its holdings in Palantir Technologies by 0.4% in the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company's stock valued at $2,464,000 after acquiring an additional 53 shares during the last quarter. Opinicus Capital Inc. boosted its position in shares of Palantir Technologies by 2.4% during the 3rd quarter. Opinicus Capital Inc. now owns 2,276 shares of the company's stock valued at $426,000 after purchasing an additional 53 shares in the last quarter. Demars Financial Group LLC grew its stake in shares of Palantir Technologies by 2.7% in the 3rd quarter. Demars Financial Group LLC now owns 2,054 shares of the company's stock worth $384,000 after purchasing an additional 54 shares during the last quarter. Finally, PFS Partners LLC grew its stake in shares of Palantir Technologies by 28.9% in the 3rd quarter. PFS Partners LLC now owns 250 shares of the company's stock worth $47,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,055 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, Director Eric H. Woersching sold 1,000 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 3,465 shares of the company's stock, valued at approximately $710,325. This represents a 22.40% 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. Insiders have sold 523,716 shares of company stock worth $92,212,379 over the last ninety days. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 3.5%

Shares of Palantir Technologies stock opened at $160.38 on Friday. The stock has a market cap of $385.40 billion, a PE ratio of 112.15, a price-to-earnings-growth ratio of 3.36 and a beta of 1.65. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The business has a fifty day simple moving average of $185.88 and a 200-day simple moving average of $153.74.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business earned $0.21 EPS. The business's revenue for the quarter was up 95.9% on a year-over-year basis. Analysts expect that Palantir Technologies Inc. will post 1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on PLTR shares. Truist Financial reissued a "buy" rating and set a $250.00 target price (up from $223.00) on shares of Palantir Technologies in a research note on Tuesday. The Goldman Sachs Group restated a "buy" rating and issued a $235.00 price target on shares of Palantir Technologies in a research report on Tuesday. KeyCorp reaffirmed a "sector weight" rating on shares of Palantir Technologies in a report on Wednesday. Robert W. Baird set a $250.00 price objective on Palantir Technologies in a research report on Monday, October 12th. Finally, Cantor Fitzgerald raised their price objective on Palantir Technologies from $156.00 to $207.00 and gave the stock a "neutral" rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $214.53.

More Palantir Technologies News

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

About Palantir Technologies

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.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.

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