Palantir Technologies Inc. $PLTR Shares Newly Purchased by Artemis Wealth Advisors LLC

Key Points

• Artemis Wealth Advisors initiated a Palantir position, purchasing 9,000 shares worth about $1.68 million in the third quarter. The stock represents 0.2% of its portfolio and is its 28th-largest holding.
• Palantir reported third-quarter revenue of $2.31 billion, up 95.9% year over year, and earnings per share of $0.44, beating analyst expectations for both measures.
• Shares trade at a high valuation, with a reported P/E ratio of 120.56, while analysts’ consensus rating is “Moderate Buy” and their average price target is $216.76.

Artemis Wealth Advisors LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,000 shares of the company's stock, valued at approximately $1,683,000. Palantir Technologies comprises 0.2% of Artemis Wealth Advisors LLC's investment portfolio, making the stock its 28th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Axiom Investment Management LLC lifted its stake in Palantir Technologies by 181.8% in the third quarter. Axiom Investment Management LLC now owns 155 shares of the company's stock valued at $29,000 after buying an additional 100 shares during the period. Navigoe LLC grew its position in shares of Palantir Technologies by 17,500.0% during the 3rd quarter. Navigoe LLC now owns 176 shares of the company's stock worth $32,000 after buying an additional 175 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $35,000. Cranbrook Wealth Management LLC increased its stake in shares of Palantir Technologies by 40.7% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company's stock valued at $37,000 after acquiring an additional 57 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new position in shares of Palantir Technologies during the 1st quarter valued at $29,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies News Roundup

These are some of the PLTR news items that stood out recently:

• Positive Sentiment: Palantir reported a strong third quarter, with revenue up 95.9% year over year to $2.31 billion and earnings per share of $0.44, ahead of analyst estimates. Its expanding sovereign-AI deployments across defense and other industries could support future recurring revenue, although announced deployments did not include contract values. Palantir stock slips despite strong AI revenue Palantir Stock: The 1 Number That Could Fuel Its Next Rally
• Neutral Sentiment: CEO Alex Karp described Palantir’s products as “essentially progressive” and said he has long been a Democrat. The comments may shape public perception but do not indicate a change in business performance. Alex Karp says Palantir's products are essentially progressive
• Negative Sentiment: Valuation remains a concern: one comparison put Palantir at about 53 times sales, above the reported 35–39 times sales implied by Anthropic’s proposed IPO range. Cathie Wood’s reported trimming of her stake adds to the negative headlines, while Helsing’s new European military-AI platform signals a potential competitor in a strategically important market. Anthropic valuation comparison Helsing debuts military AI platform

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $172.40 on Thursday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The company has a fifty day moving average of $185.04 and a 200-day moving average of $153.79. The stock has a market capitalization of $414.29 billion, a price-to-earnings ratio of 120.56, a price-to-earnings-growth ratio of 3.41 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The business's quarterly revenue was up 95.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eric H. Woersching sold 1,000 shares of the company'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 value of $205,000.00. Following the transaction, the director directly owned 3,465 shares of the company's stock, valued at approximately $710,325. This represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders have sold 523,716 shares of company stock valued at $92,212,379. Insiders own 9.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PLTR. JPMorgan Chase & Co. started coverage on Palantir Technologies in a research note on Thursday, October 29th. They issued an "overweight" rating and a $262.00 target price for the company. Wolfe Research began coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating on the stock. Roth Capital initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating on the stock. UBS Group reissued a "buy" rating on shares of Palantir Technologies in a research note on Tuesday, November 3rd. Finally, Northland Securities set a $200.00 price objective on Palantir Technologies in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.76.

Palantir Technologies Company Profile

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.

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