Palantir Technologies Inc. $PLTR Shares Bought by Krilogy Financial LLC

Key Points

• Krilogy Financial increased its Palantir stake by 16.8% in the third quarter to 22,656 shares valued at approximately $4.24 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and earnings of $0.41 per share, surpassing analyst expectations. Analysts maintain a “Moderate Buy” consensus, with an average price target of $200.54.
• Despite positive growth and analyst sentiment, valuation and insider selling remain concerns: the stock trades at a P/E ratio above 170, while insiders sold roughly 560,390 shares worth $97.9 million over the past three months.

Krilogy Financial LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,656 shares of the company's stock after purchasing an additional 3,256 shares during the period. Krilogy Financial LLC's holdings in Palantir Technologies were worth $4,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ballast Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at about $29,000. Whipplewood Advisors LLC acquired a new stake in Palantir Technologies during the first quarter valued at approximately $32,000. Reflection Asset Management bought a new position in Palantir Technologies during the 4th quarter worth approximately $35,000. C M Bidwell & Associates Ltd. bought a new position in Palantir Technologies during the 2nd quarter worth approximately $35,000. Finally, Monetary Solutions Ltd bought a new position in Palantir Technologies during the 4th quarter worth approximately $36,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 3.7%

Shares of NASDAQ:PLTR opened at $200.97 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The firm has a 50-day simple moving average of $181.44 and a 200 day simple moving average of $151.35. The company has a market cap of $482.94 billion, a PE ratio of 171.77, a P/E/G ratio of 2.87 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. Palantir Technologies's quarterly revenue was up 92.8% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on PLTR. Cantor Fitzgerald began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued an "overweight" rating for the company. Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Barclays began coverage on Palantir Technologies in a research report on Friday, October 9th. They set an "overweight" rating and a $265.00 price target on the stock. Oppenheimer cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 4th. Finally, Rosenblatt Securities restated a "buy" rating and set a $225.00 price objective on shares of Palantir Technologies in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $200.54.

Insider Activity at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan Taylor sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the sale, the insider directly owned 274,667 shares in the company, valued at approximately $55,249,267.05. This trade represents a 6.15% 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. In the last three months, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is owned by insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
• Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
• Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
• Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view

Palantir Technologies 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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