Palantir Technologies Inc. $PLTR Stock: Hedeker Wealth LLC Boosts Position

Key Points

• Hedeker Wealth increased its Palantir position by 6.8% in the third quarter to 182,077 shares valued at approximately $34.1 million, making PLTR its largest holding. Institutional investors collectively own 45.65% of the company.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, and earnings per share of $0.41, exceeding analyst expectations of $0.34. Analysts maintain a “Moderate Buy” consensus with an average price target of $203.48.
• Despite strong operating momentum, Palantir’s valuation remains elevated, with a reported P/E ratio of 168.16. Recent insider sales totaling about $97.9 million over 90 days and the upcoming earnings report could increase volatility.

Hedeker Wealth LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,077 shares of the company's stock after purchasing an additional 11,567 shares during the period. Palantir Technologies comprises approximately 6.2% of Hedeker Wealth LLC's holdings, making the stock its largest holding. Hedeker Wealth LLC's holdings in Palantir Technologies were worth $34,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC bought a new stake in shares of Palantir Technologies in the first quarter worth $1,574,111,000. Arrowstreet Capital Limited Partnership raised its holdings in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock valued at $1,528,143,000 after acquiring an additional 7,678,747 shares in the last quarter. Bank of America Corp DE raised its holdings in Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock valued at $2,755,883,000 after acquiring an additional 4,201,852 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Palantir Technologies by 795.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company's stock valued at $480,247,000 after acquiring an additional 2,952,079 shares during the last quarter. Finally, State Street Corp boosted its stake in Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of PLTR opened at $196.75 on Monday. The stock has a market capitalization of $472.80 billion, a PE ratio of 168.16, a price-to-earnings-growth ratio of 3.46 and a beta of 1.60. The business's fifty day moving average price is $184.76 and its 200 day moving average price is $153.82. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94.

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 the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The firm's revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Palantir Technologies News Summary

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

• Positive Sentiment: Investors expect Palantir to outperform its third-quarter revenue guidance of approximately $2.16 billion, based on the company’s recent history of exceeding forecasts. A stronger result or raised outlook could support the stock’s rally. Palantir Guided for $2.16 Billion in Revenue for Q3
• Positive Sentiment: Analyst Dan Ives said Palantir and Snowflake are approaching the point where significant AI infrastructure spending translates into software monetization, and he believes Wall Street may be underestimating technology earnings potential. Dan Ives on AI Monetization
• Positive Sentiment: Citi raised its Palantir price target from $245 to $250 while maintaining a Buy rating, adding to bullish expectations ahead of the earnings release. Citi Raises Palantir Stock Price Target
• Positive Sentiment: Palantir is expanding its commercial and government reach through partnerships with Stagwell and Knox Systems, while elevating Aplos Data within its partner network to help deploy Foundry and AIP to additional customers. Palantir and Stagwell Expand AI Partnership
• Neutral Sentiment: The November 2 earnings report is the immediate catalyst. Investors will watch revenue growth, commercial customer momentum, margins and forward guidance to determine whether Palantir can justify its near-record valuation. Should You Buy or Sell Palantir Ahead of Earnings?
• Negative Sentiment: Palantir trades at a very elevated earnings multiple, and some analysts see limited additional upside. Any slowdown relative to expectations could prompt profit-taking or a sharp pullback. Palantir: The Business Is Booming, But the Stock Has a Problem
• Negative Sentiment: ARK Invest trimmed its Palantir position, while concerns about the scalability and economics of forward-deployed AI add pressure to the bullish thesis. Cathie Wood Trims Palantir Shares

Insider Buying and Selling

In other news, insider Ryan Taylor sold 18,000 shares of Palantir Technologies stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the transaction, the insider directly owned 274,667 shares of the company's stock, valued at approximately $55,249,267.05. The trade was a 6.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 5,026 shares of the business'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 sale, the director directly owned 46,402 shares of the company's stock, valued at approximately $9,233,998. This represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 560,390 shares of company stock worth $97,909,177. Company insiders own 9.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. DA Davidson upped their target price on shares of Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, September 11th. Zacks Research cut shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. William Blair reiterated an "outperform" rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. Finally, Roth Capital initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $203.48.

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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