Palantir Technologies Inc. $PLTR Stock Acquired by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel increased its Palantir stake by 44.8% in the third quarter, adding 51,494 shares for a total of 166,463 shares valued at approximately $31.1 million. Institutional investors collectively own 45.65% of PLTR.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $203.28, although Citigroup and Oppenheimer downgraded the stock to “Market Perform.”
• Palantir reported strong growth, including 92.8% year-over-year quarterly revenue growth and earnings above estimates, but its elevated valuation—a P/E ratio above 164—and continued insider selling remain important risks for investors.

Carnegie Investment Counsel grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 44.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,463 shares of the company's stock after buying an additional 51,494 shares during the quarter. Carnegie Investment Counsel's holdings in Palantir Technologies were worth $31,137,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PLTR. Pinnacle Associates Ltd. raised its position in Palantir Technologies by 1.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 46,525 shares of the company's stock worth $8,702,000 after purchasing an additional 493 shares during the period. Cohen Investment Advisors LLC purchased a new stake in Palantir Technologies in the third quarter worth $2,346,000. Nisa Investment Advisors LLC lifted its position in shares of Palantir Technologies by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 412,572 shares of the company's stock worth $77,172,000 after purchasing an additional 3,193 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Palantir Technologies by 28.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 664,777 shares of the company's stock worth $124,347,000 after purchasing an additional 147,067 shares during the last quarter. Finally, Zullo Investment Group Inc. boosted its stake in shares of Palantir Technologies by 2.4% during the third quarter. Zullo Investment Group Inc. now owns 8,177 shares of the company's stock valued at $1,530,000 after purchasing an additional 191 shares during the period. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup cut shares of Palantir Technologies from a "buy" rating to a "market perform" rating in a report on Tuesday, August 4th. Oppenheimer cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. President Capital upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $25.50 to $133.00 in a report on Monday, June 29th. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price objective on shares of Palantir Technologies in a research note on Wednesday, September 23rd. Finally, Piper Sandler reissued an "overweight" rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $203.28.

Palantir Technologies News Roundup

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

• Positive Sentiment: Knox Systems partnership supports federal growth. Palantir is working with Knox to accelerate software deployments for customers operating in secure FedRAMP and IL5 cloud environments. The agreement could improve access to government agencies and reinforce Palantir’s position in defense technology, although financial terms were not disclosed. Knox and Palantir partnership
• Positive Sentiment: Analysts raised price targets. Mizuho lifted its target to $245 and Baird raised its target to $250, citing Palantir’s rapid revenue growth and expanding commercial and government opportunities. Broader optimism that the AI spending cycle has substantial room to run also provides a favorable backdrop for Palantir’s software and “sovereign AI” offerings. Palantir stock and analyst targets
• Neutral Sentiment: November earnings are the next major test. Palantir recently reported approximately 93% year-over-year quarterly revenue growth, but investors will need continued strong execution and margin performance to justify the stock’s premium multiple. Commentary on TITAN deployments and AI in production points to potential recurring, high-margin government revenue. Palantir TITAN system delivery
• Negative Sentiment: Valuation and selling pressure remain key risks. Analysts warn that Palantir’s valuation already assumes years of exceptional execution, while ETF outflows, increased insider selling and ARK Invest’s reported sale of roughly $3.6 million in PLTR shares may weigh on sentiment. With shares near their 52-week high, investors appear particularly sensitive to any growth or margin disappointment. Palantir valuation risk

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $192.60 on Wednesday. The business's 50-day moving average is $183.35 and its 200 day moving average is $152.76. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm has a market capitalization of $462.83 billion, a P/E ratio of 164.62, a P/E/G ratio of 3.42 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The business 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 company's quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. On average, analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, 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 sale, the director directly 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 legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the company's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. 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 560,390 shares of company stock worth $97,909,177 over the last three months. Corporate insiders own 9.53% of the company's stock.

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.

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