Palantir Technologies Inc. $PLTR Shares Newly Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 6,708 Palantir shares worth approximately $1.255 million in the third quarter. Institutional investors collectively own 45.65% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $201.61; Goldman Sachs recently upgraded the stock to Buy.
• Palantir shares opened at $186.03 after falling 7.2%, while elevated valuation metrics—including a P/E ratio near 159—could leave the stock vulnerable if growth or earnings disappoint.

Counterpoint Mutual Funds LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,708 shares of the company's stock, valued at approximately $1,255,000.

Other institutional investors have also added to or reduced their stakes in the company. Absolute Capital Management LLC bought a new stake in Palantir Technologies during the 3rd quarter valued at $1,705,000. Forum Financial Management LP grew its position in shares of Palantir Technologies by 7.2% during the 3rd quarter. Forum Financial Management LP now owns 15,781 shares of the company's stock valued at $2,952,000 after purchasing an additional 1,060 shares in the last quarter. RKL Wealth Management LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth $340,000. Hengehold Capital Management LLC grew its position in Palantir Technologies by 27.9% during the third quarter. Hengehold Capital Management LLC now owns 2,542 shares of the company's stock worth $475,000 after buying an additional 554 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. bought a new position in Palantir Technologies in the 3rd quarter worth about $336,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on PLTR. Piper Sandler reiterated an "overweight" rating and issued a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. The Goldman Sachs Group upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 price target on the stock in a research report on Thursday, October 8th. Weiss Ratings upgraded shares of Palantir Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price objective on shares of Palantir Technologies in a research report on Wednesday, September 23rd. Finally, Roth Capital initiated coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.61.

More Palantir Technologies News

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

Palantir Technologies Trading Down 7.2%

Shares of PLTR opened at $186.03 on Friday. The firm has a market cap of $447.04 billion, a PE ratio of 159.00, a P/E/G ratio of 3.27 and a beta of 1.60. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The firm has a fifty day simple moving average of $182.61 and a two-hundred day simple moving average of $152.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The company's 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.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the transaction, the director owned 46,402 shares in the company, valued at approximately $9,233,998. The trade was 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 Jeffrey Buckley sold 1,250 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the sale, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. This represents a 2.15% 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 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Company Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir's principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization's data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.

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