Palantir Technologies Inc. $PLTR Shares Bought by Gradient Investments LLC

Key Points

• Gradient Investments LLC increased its Palantir position by 1,093.9% in the third quarter, ending with 37,466 shares worth approximately $7.0 million. Institutional investors and hedge funds collectively own 45.65% of the company.
• Palantir insiders sold 536,364 shares worth about $93.1 million over the past 90 days, including a $86.1 million sale by CEO Alexander Karp under a pre-arranged plan.
• Goldman Sachs upgraded Palantir to “Buy” with a $230 price target, while the stock’s strong growth and profitability are tempered by a high valuation, including a price-to-earnings ratio near 170.

Gradient Investments LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1,093.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,466 shares of the company's stock after purchasing an additional 34,328 shares during the quarter. Gradient Investments LLC's holdings in Palantir Technologies were worth $7,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PLTR. Guardian Wealth Advisors LLC NC raised its holdings in Palantir Technologies by 67.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company's stock worth $1,240,000 after buying an additional 4,283 shares during the period. Independent Financial Group LLC boosted its holdings in shares of Palantir Technologies by 20.8% in the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company's stock worth $21,957,000 after buying an additional 32,427 shares during the period. World Equity Group Inc. increased its position in shares of Palantir Technologies by 7.2% in the second quarter. World Equity Group Inc. now owns 43,627 shares of the company's stock worth $5,090,000 after acquiring an additional 2,948 shares in the last quarter. Sage Capital Advisors llc increased its position in shares of Palantir Technologies by 63.5% in the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company's stock worth $7,810,000 after acquiring an additional 25,995 shares in the last quarter. Finally, V. M. Manning & CO. Inc. acquired a new stake in shares of Palantir Technologies during the second quarter valued at approximately $539,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In related news, Director Lauren Friedman Stat sold 1,337 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $189.95, for a total transaction of $253,963.15. Following the completion of the sale, the director directly owned 51,428 shares in the company, valued at approximately $9,768,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders sold 536,364 shares of company stock worth $93,083,303. Corporate insiders own 9.53% of the company's stock.

Palantir Technologies News Summary

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.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $198.78 on Friday. The firm has a market capitalization of $477.68 billion, a price-to-earnings ratio of 169.90, a price-to-earnings-growth ratio of 2.73 and a beta of 1.60. The company has a 50 day simple moving average of $176.28 and a 200-day simple moving average of $149.88. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, analysts predict that Palantir Technologies Inc. will post 1.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLTR. The Goldman Sachs Group upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 price target for the company in a research report on Thursday. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Wednesday, September 23rd. BNP Paribas Exane started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "underperform" rating on the stock. Northland Securities set a $200.00 target price on Palantir Technologies in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued an "overweight" rating for the company. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $198.75.

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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