Palantir Technologies Inc. $PLTR Stock Bought by Capstone Wealth Management Group LLC

Key Points

• Capstone Wealth Management increased its Palantir stake by 270.4% in the third quarter, adding 13,634 shares to hold 18,677 shares worth about $3.41 million—roughly 1.5% of its portfolio.
• Palantir reported quarterly revenue of $2.31 billion, up 95.9% year over year, and EPS of $0.44, beating analyst estimates for both revenue and earnings.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $216.76; however, the stock’s reported P/E ratio of 120.56 points to a high valuation.

Capstone Wealth Management Group LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 270.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,677 shares of the company's stock after buying an additional 13,634 shares during the period. Palantir Technologies accounts for approximately 1.5% of Capstone Wealth Management Group LLC's investment portfolio, making the stock its 20th biggest holding. Capstone Wealth Management Group LLC's holdings in Palantir Technologies were worth $3,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock valued at $22,146,030,000 after acquiring an additional 757,322 shares during the period. State Street Corp raised its position in shares of Palantir Technologies by 2.8% during the second 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 during the period. Bank of America Corp DE raised its position in shares of Palantir Technologies by 1.0% during the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company's stock worth $2,219,094,000 after purchasing an additional 180,486 shares during the period. Amundi raised its position in shares of Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company's stock worth $2,056,082,000 after purchasing an additional 1,212,653 shares during the period. Finally, Jennison Associates LLC bought a new position in shares of Palantir Technologies in the 1st quarter worth $1,574,111,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Up 2.1%

PLTR stock opened at $172.40 on Thursday. The stock's fifty day simple moving average is $185.04 and its two-hundred day simple moving average is $153.79. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The stock has a market cap of $414.29 billion, a P/E ratio of 120.56, a P/E/G ratio of 3.41 and a beta of 1.65.

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

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent research reports. William Blair reissued an "outperform" rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Oppenheimer restated an "outperform" rating and set a $235.00 price objective (up from $200.00) on shares of Palantir Technologies in a report on Thursday, October 29th. Phillip Securities downgraded shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $90.00 to $130.00 and gave the company an "underperform" rating in a report on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $216.76.

Insider Buying and Selling

In related news, Director Lauren Friedman Stat sold 5,026 shares of the firm's stock in a transaction dated 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 owned 46,402 shares in the company, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider owned 58,171 shares of the company's stock, valued at $10,170,035.93. This trade represents a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 523,716 shares of company stock worth $92,212,379 in the last ninety days. Corporate insiders own 9.53% of the company's stock.

Recent Palantir Technologies Headlines

Here are a few of the latest headlines about PLTR:

• Positive Sentiment: Palantir reported a strong third quarter, with revenue up 95.9% year over year to $2.31 billion and earnings per share of $0.44, ahead of analyst estimates. Its expanding sovereign-AI deployments across defense and other industries could support future recurring revenue, although announced deployments did not include contract values. Palantir stock slips despite strong AI revenue Palantir Stock: The 1 Number That Could Fuel Its Next Rally
• Negative Sentiment: Investors are focused on a sharp slowdown in contract momentum: total contract value reportedly grew 6% year over year, versus 49% in the prior quarter, while U.S. commercial contract value fell sequentially. This raises questions about whether strong revenue growth can continue. Palantir stock falls as Wall Street spots a warning
• Negative Sentiment: Valuation remains a concern: one comparison put Palantir at about 53 times sales, above the reported 35–39 times sales implied by Anthropic’s proposed IPO range. Cathie Wood’s reported trimming of her stake adds to the negative headlines, while Helsing’s new European military-AI platform signals a potential competitor in a strategically important market. Anthropic valuation comparison Helsing debuts military AI platform

Palantir Technologies 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.

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