Palantir Technologies Inc. $PLTR Stock: Bokf Na Boosts Holdings

Key Points

• BOKF NA increased its Palantir stake by 4.8% in the third quarter to 71,828 shares valued at approximately $13.4 million. Institutional investors collectively own 45.65% of the company.
• Palantir insiders sold 560,390 shares worth about $97.9 million during the last quarter, including Alexander Karp’s sale of 492,348 shares under a pre-arranged Rule 10b5-1 plan.
• Palantir reported strong recent results, with quarterly revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, but the stock’s valuation remains elevated at roughly 168 times earnings, increasing sensitivity to earnings and guidance.

Bokf Na boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,828 shares of the company's stock after purchasing an additional 3,314 shares during the quarter. Bokf Na's holdings in Palantir Technologies were worth $13,435,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Signature Wealth Management Partners LLC lifted its position in shares of Palantir Technologies by 1.0% during the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company's stock worth $961,000 after buying an additional 51 shares during the last quarter. Atlatl Advisers LLC grew its position in Palantir Technologies by 0.4% in the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company's stock valued at $2,464,000 after buying an additional 53 shares during the last quarter. Demars Financial Group LLC increased its stake in shares of Palantir Technologies by 2.7% during the third quarter. Demars Financial Group LLC now owns 2,054 shares of the company's stock worth $384,000 after acquiring an additional 54 shares during the period. PFS Partners LLC raised its stake in shares of Palantir Technologies by 28.9% during the 3rd quarter. PFS Partners LLC now owns 250 shares of the company's stock worth $47,000 after buying an additional 56 shares in the last quarter. Finally, Brucke Financial Inc. raised its position in Palantir Technologies by 1.3% in the third quarter. Brucke Financial Inc. now owns 4,491 shares of the company's stock worth $840,000 after acquiring an additional 57 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,250 shares of the business's 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 of the company's stock, valued at $9,920,761.09. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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, insider Alexander C. Karp sold 492,348 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. This represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 560,390 shares of company stock worth $97,909,177 in the last quarter. 9.53% of the stock is currently owned by corporate insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir’s strong operating momentum remains a potential catalyst. Analysts expect third-quarter earnings of approximately $0.41 per share, while recent coverage points to accelerating demand from U.S. commercial and government customers, expanding margins and additional business from existing clients. Palantir Could Crush Q3 Earnings, But 1 Risk Could Spoil the Rally
• Positive Sentiment: The company’s partner expansion could support future commercial growth. Aplos Data was elevated to Palantir’s Vanguard: Elite partner status, potentially widening deployment of Foundry and Palantir’s Artificial Intelligence Platform among U.S. businesses. Palantir Technologies Deepens U.S. Reach With New Vanguard Elite Partner
• Neutral Sentiment: Options markets imply an unusually large move of roughly 11.65% following the November 2 earnings release, highlighting elevated event risk rather than signaling a clear direction. Investors are focused on U.S. commercial customer growth, free cash flow and management’s guidance. Palantir Stock Could Swing 11.65% After Q3 Earnings
• Negative Sentiment: RBC Capital issued a fresh warning ahead of earnings, reinforcing concerns that Palantir must deliver exceptionally strong results and guidance to justify its elevated valuation. The stock trades at roughly 168 times earnings, leaving limited room for disappointment. Palantir Stock Falls After RBC Delivers Fresh Warning Ahead of Earnings
• Negative Sentiment: Additional commentary describes Palantir as a crowded, richly valued AI trade. Higher interest rates could compress high-growth technology multiples, while any slowdown in revenue growth, free cash flow or customer additions could trigger a sharper pullback. Palantir Stock Could Be 5% Above Fair Value

Palantir Technologies Stock Down 1.0%

NASDAQ PLTR opened at $196.81 on Thursday. The business has a fifty day moving average of $186.28 and a 200-day moving average of $153.79. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The stock has a market cap of $472.95 billion, a price-to-earnings ratio of 168.21, a price-to-earnings-growth ratio of 3.46 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) 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 analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm's quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PLTR shares. Wolfe Research assumed coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating for the company. The Goldman Sachs Group raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 price objective on the stock in a report on Thursday, October 8th. Zacks Research lowered shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Northland Securities set a $200.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Palantir Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of "Moderate Buy" and an average price target of $205.55.

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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