Palantir Technologies Inc. $PLTR Shares Purchased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its Palantir stake by 298.6% in the third quarter, adding 560,998 shares to own 748,895 shares valued at about $142.3 million.
• Palantir beat third-quarter estimates, reporting $0.44 in earnings per share and $2.31 billion in revenue, up 95.9% year over year. The article also cites concerns about decelerating bookings and the stock’s premium valuation.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $214.53; the stock opened at $160.38, with a market capitalization of $385.4 billion.

Allspring Global Investments Holdings LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 298.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 748,895 shares of the company's stock after buying an additional 560,998 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Palantir Technologies were worth $142,320,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PLTR. Accuvest Global Advisors raised its stake in shares of Palantir Technologies by 29.1% in the 3rd quarter. Accuvest Global Advisors now owns 12,680 shares of the company's stock valued at $2,372,000 after acquiring an additional 2,858 shares during the period. Entrust Financial LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $59,000. Beverly Hills Private Wealth LLC boosted its position in shares of Palantir Technologies by 12.9% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 5,686 shares of the company's stock worth $1,064,000 after purchasing an additional 649 shares during the period. Bryn Mawr Trust Advisors LLC boosted its position in shares of Palantir Technologies by 2.7% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 10,873 shares of the company's stock worth $2,034,000 after purchasing an additional 285 shares during the period. Finally, Avion Wealth boosted its position in shares of Palantir Technologies by 10.3% during the 3rd quarter. Avion Wealth now owns 2,409 shares of the company's stock worth $450,000 after purchasing an additional 224 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $160.38 on Monday. The firm has a market cap of $385.40 billion, a price-to-earnings ratio of 112.15, a PEG ratio of 3.24 and a beta of 1.65. The firm has a 50 day simple moving average of $185.88 and a 200-day simple moving average of $153.74. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The firm's revenue for the quarter was up 95.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Equities analysts predict that Palantir Technologies Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLTR. Benchmark reissued a "hold" rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Raymond James Financial set a $255.00 price target on Palantir Technologies in a research note on Wednesday. Zacks Research lowered Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. Finally, Citigroup boosted their price objective on Palantir Technologies from $250.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of "Moderate Buy" and an average price target of $214.53.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan Taylor sold 18,000 shares of the business's stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the transaction, the insider owned 274,667 shares in the company, valued at $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Woersching sold 1,000 shares of the company's stock in a transaction 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 sale, the director directly owned 3,465 shares in the company, valued at $710,325. This represents a 22.40% 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. Insiders have sold a total of 523,716 shares of company stock worth $92,212,379 over the last three months. 9.53% of the stock is owned by insiders.

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.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.

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