Palantir Technologies Inc. $PLTR Stock Acquired by BDF Gestion

Key Points

• BDF Gestion increased its Palantir stake by 29.7% in the third quarter, purchasing 11,849 additional shares and bringing its holdings to 51,741 shares worth approximately $9.68 million. Institutional investors collectively own 45.65% of the company.
• Analyst sentiment remains favorable but mixed, with Palantir carrying a consensus “Moderate Buy” rating and an average price target of $203.28; ratings range from “Strong Buy” to “Sell.”
• Palantir reported quarterly earnings and revenue above expectations, with revenue up 92.8% year over year, while its shares traded at $194.54 and insiders continued selling stock under pre-arranged trading plans.

BDF Gestion raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,741 shares of the company's stock after purchasing an additional 11,849 shares during the quarter. Palantir Technologies accounts for approximately 1.3% of BDF Gestion's holdings, making the stock its 12th biggest position. BDF Gestion's holdings in Palantir Technologies were worth $9,678,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Miramontes Capital LLC increased its stake in shares of Palantir Technologies by 1.0% in the 3rd quarter. Miramontes Capital LLC now owns 50,994 shares of the company's stock worth $9,538,000 after purchasing an additional 522 shares in the last quarter. First Bank & Trust raised its holdings in Palantir Technologies by 4.3% in the 3rd quarter. First Bank & Trust now owns 3,938 shares of the company's stock worth $737,000 after purchasing an additional 163 shares during the period. Narus Financial Partners LLC lifted its position in Palantir Technologies by 11.4% during the third quarter. Narus Financial Partners LLC now owns 4,168 shares of the company's stock valued at $780,000 after purchasing an additional 425 shares in the last quarter. Cottage Street Advisors LLC purchased a new position in Palantir Technologies during the third quarter valued at $269,000. Finally, Clark Wealth Partners lifted its position in Palantir Technologies by 5.7% during the third quarter. Clark Wealth Partners now owns 1,395 shares of the company's stock valued at $261,000 after purchasing an additional 75 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on PLTR shares. Phillip Securities lowered Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $90.00 price objective on shares of Palantir Technologies in a research note on Friday, July 31st. Weiss Ratings raised Palantir Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Wednesday, September 23rd. Finally, Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set an "overweight" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $203.28.

Palantir Technologies Price Performance

Shares of PLTR stock traded up $8.51 on Monday, hitting $194.54. 13,053,425 shares of the stock traded hands, compared to its average volume of 42,215,016. The firm has a market cap of $467.48 billion, a price-to-earnings ratio of 166.55, a PEG ratio of 3.27 and a beta of 1.60. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The firm has a 50 day simple moving average of $182.61 and a two-hundred day simple moving average of $152.10.

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

Insider Transactions at Palantir Technologies

In related 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 transaction of $1,000,174.00. Following the sale, the director owned 46,402 shares of the company's stock, valued at approximately $9,233,998. This trade 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 this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is owned by corporate insiders.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Commercial expansion is strengthening the growth story. Palantir reportedly posted its fastest commercial growth to date, suggesting the company is becoming less dependent on government contracts and that its Artificial Intelligence Platform is gaining traction with businesses. Palantir Is Expanding Beyond Government Contracts
• Positive Sentiment: Knox Systems partnership expands federal distribution. Palantir and Knox Systems are working to accelerate software delivery to customers operating in FedRAMP and Impact Level 5 environments through Knox’s federal managed-cloud infrastructure. The agreement could improve access to sensitive government workloads and support additional federal sales. Knox and Palantir Partner
• Positive Sentiment: Investors continue to view Palantir as an AI platform already in production. Commentary highlighted its embedded role in defense and enterprise workflows, where customers may be reluctant to replace the software, while some analysts expect another strong earnings report ahead of the company’s scheduled November 2 results. Palantir AI in Production
• Neutral Sentiment: Broader technology sentiment also helped the rebound. Palantir gained momentum as technology stocks recovered, although the move followed a sharp sector-wide selloff that demonstrated how sensitive high-growth AI shares remain to changing risk appetite. Why Is Palantir Technologies Stock Gaining
• Negative Sentiment: Valuation remains the main obstacle. Analysts and financial commentators warn that Palantir trades at a premium that requires exceptional growth to continue. Concerns about expensive AI stocks, potential congressional oversight, and a possible valuation contraction could limit further upside despite strong operating performance. Can Palantir’s Growth Justify Its Valuation

Palantir Technologies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.