Palantir Technologies Inc. $PLTR Position Lifted by GAMMA Investing LLC

Key Points

• GAMMA Investing increased its Palantir position by 28.7% in the third quarter, bringing its holdings to 58,170 shares valued at approximately $10.9 million. Hedge funds and other institutional investors own 45.65% of PLTR.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $198.75, though ratings range from “Strong Buy” to “Sell.” Goldman Sachs upgraded the stock to “Buy” with a $230 target, while Zacks downgraded it to “Hold.”
• Palantir reported strong quarterly growth, including 92.8% year-over-year revenue growth and earnings above estimates, but its valuation remains elevated at roughly 170 times earnings. Recent insider activity has been weighted toward selling, with insiders selling 536,364 shares worth about $93.1 million over three months.

GAMMA Investing LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,170 shares of the company's stock after purchasing an additional 12,975 shares during the quarter. GAMMA Investing LLC's holdings in Palantir Technologies were worth $10,881,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $31,000. Prudent Man Investment Management Inc. acquired a new stake in Palantir Technologies during the fourth quarter worth $35,000. Monetary Solutions Ltd purchased a new stake in Palantir Technologies in the fourth quarter valued at $36,000. Reflection Asset Management purchased a new stake in Palantir Technologies in the fourth quarter valued at $35,000. Finally, Ballast Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $29,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

More Palantir Technologies News

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target, citing a potentially larger addressable market driven by sovereign AI, custom-built applications and specialized industry solutions. Palantir Gets Goldman Sachs Upgrade as Sovereign AI Opens New Market
• Positive Sentiment: The upgrade suggests Palantir could benefit as governments and businesses seek greater control over data, infrastructure and AI models. The company’s partnership with Armada to deploy its Sovereign AI Operating System reinforces that growth narrative. Palantir Is Betting on Sovereign AI to Help Take Its Stock Higher
• Positive Sentiment: Additional bullish commentary from analyst Dan Ives, who named Palantir among his top technology picks for the expected multitrillion-dollar AI spending cycle, added to positive momentum ahead of the company’s next earnings report. Dan Ives Thinks AI Buildout Is Still in Early Stages
• Neutral Sentiment: Palantir’s strong revenue growth, profitability and government-contract activity continue to support the investment case. However, the stock is trading near its 52-week high with a very elevated earnings multiple, leaving investors focused on whether growth can justify the valuation.
• Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, while some coverage continues to warn that the valuation may already reflect much of the company’s AI success. Palantir Technologies Stock Dropped to Hold by Zacks Research
• Negative Sentiment: Reported insider activity has been heavily weighted toward sales, and investor Michael Burry has taken longer-dated bearish positions on Palantir and other AI leaders. These signals may intensify concerns about profit-taking and an eventual slowdown in AI spending.

Analyst Ratings Changes

A number of analysts recently issued reports on PLTR shares. Jefferies Financial Group reissued an "underperform" rating and set a $80.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Raymond James Financial raised shares of Palantir Technologies from a "market perform" rating to an "outperform" rating in a research report on Thursday. BNP Paribas Exane began coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "underperform" rating for the company. William Blair reiterated an "outperform" rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Finally, Roth Capital started coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.75.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction on 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 transaction, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Lauren Friedman Stat sold 1,337 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $189.95, for a total value of $253,963.15. Following the transaction, the director directly owned 51,428 shares of the company's stock, valued at $9,768,748.60. The trade was a 2.53% 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 a total of 536,364 shares of company stock valued at $93,083,303 in the last three months. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 2.4%

Shares of PLTR opened at $198.78 on Friday. The company has a market cap of $477.68 billion, a P/E ratio of 169.90, a PEG ratio of 2.73 and a beta of 1.60. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm's 50 day moving average price is $176.28 and its 200 day moving average price is $149.88.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm's revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. Research analysts forecast that Palantir Technologies Inc. will post 1.28 earnings per share for the current year.

Palantir Technologies Company Profile

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.

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