Palantir Technologies Inc. $PLTR Stake Boosted by Abel Hall LLC

Key Points

• Abel Hall LLC increased its Palantir stake by 175.4% in the third quarter, bringing its holdings to 6,001 shares valued at approximately $1.12 million. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir insiders sold 560,390 shares worth roughly $97.9 million during the last quarter, including CEO Alexander Karp’s 492,348-share sale under a pre-arranged Rule 10b5-1 plan to cover tax obligations.
• PLTR recently traded at $194.15 after rising 4.4%, while its valuation remained elevated at a P/E ratio of 165.94. The company’s latest quarterly results beat estimates, with revenue up 92.8% year over year, and analysts maintain a “Moderate Buy” consensus rating.

Abel Hall LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 175.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,001 shares of the company's stock after acquiring an additional 3,822 shares during the period. Abel Hall LLC's holdings in Palantir Technologies were worth $1,122,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its position in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock worth $22,146,030,000 after purchasing an additional 757,322 shares during the last quarter. State Street Corp raised its stake in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Palantir Technologies by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company's stock valued at $2,219,094,000 after buying an additional 180,486 shares during the last quarter. Amundi lifted its holdings in shares of Palantir Technologies by 7.4% during the 2nd quarter. Amundi now owns 17,623,053 shares of the company's stock valued at $2,056,082,000 after buying an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter valued at about $1,574,111,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction that occurred on 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 transaction, the insider owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. Also, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the transaction, 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 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 quarter, insiders sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is currently owned by company insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Knox Systems partnership supports government growth. Palantir and Knox Systems will collaborate to accelerate delivery of secure software and AI solutions for federal customers operating in FedRAMP and IL5 environments. Knox’s managed-cloud infrastructure and expedited authorization process could help Palantir deploy its products more quickly across defense and government agencies. Knox and Palantir Partner to Further Accelerate Delivery of Software through Largest Federal Cloud
• Positive Sentiment: TITAN delivery reinforces Palantir’s defense positioning. Commentary on the company’s TITAN system delivery argues that Palantir is moving beyond an AI investment narrative toward operational deployment. The defense work could provide recurring, high-margin revenue and strengthen Palantir’s position during a broader U.S. and global defense-spending cycle. Palantir: TITAN System Delivery And My DOW Mistake
• Positive Sentiment: Technical momentum remains favorable. One analysis identified a rare bullish chart pattern after PLTR’s advance from its June low and suggested the setup could support further gains. Other commentary highlighted Palantir’s strong government business, accelerating commercial growth and AI products already being used in production. Palantir stock flashes a rare technical pattern that points to more upside
• Neutral Sentiment: Investors are awaiting the next earnings report. Palantir’s next earnings release is expected on November 2. Analysts and market commentators anticipate another strong performance, but the stock’s substantial prior rally means results may need to exceed high expectations to produce additional upside. 4 Stocks With Demand So Sticky That the AI Sell-Off Barely Touched Them at All
• Negative Sentiment: Valuation and profit-taking remain major risks. Analysts noted that PLTR trades at a very high earnings multiple, leaving the stock vulnerable if growth slows, expectations are missed or enthusiasm for AI stocks fades. Commentary also suggested that investors with oversized positions may reasonably trim holdings, while technical sellers are watching resistance near recent highs. Palantir Stock Is Near a Record High. Should Investors Sell?

Palantir Technologies Trading Up 4.4%

NASDAQ PLTR traded up $8.12 during trading on Monday, hitting $194.15. 23,909,741 shares of the company traded hands, compared to its average volume of 42,272,160. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The business has a fifty day simple moving average of $182.61 and a 200 day simple moving average of $152.10. The company has a market capitalization of $466.55 billion, a P/E ratio of 165.94, a PEG ratio of 3.27 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. President Capital raised Palantir Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Yorkville Ives started coverage on shares of Palantir Technologies in a research report on Tuesday, October 6th. They set an "outperform" rating and a $250.00 price objective on the stock. Barclays initiated coverage on shares of Palantir Technologies in a research note on Friday, October 9th. They issued an "overweight" rating and a $265.00 target price for the company. Roth Capital started coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating for the company. Finally, Cantor Fitzgerald began coverage on shares of 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 assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $203.28.

About Palantir Technologies

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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