Palantir Technologies Inc. $PLTR Stock: North Dakota State Investment Board Increases Stake

Key Points

• North Dakota State Investment Board increased its Palantir stake by 4.7% in the third quarter, bringing its holdings to 68,014 shares valued at approximately $12.7 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong recent momentum, with quarterly EPS of $0.41 beating estimates and revenue rising 92.8% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $205.55.
• Valuation and earnings risks remain elevated: the stock trades at roughly 168 times earnings, options imply an approximately 11.65% move around the earnings release, and insiders have sold about $97.9 million of shares over the past three months.

North Dakota State Investment Board grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,014 shares of the company's stock after purchasing an additional 3,061 shares during the quarter. North Dakota State Investment Board's holdings in Palantir Technologies were worth $12,722,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Guardian Wealth Advisors LLC NC raised its holdings in shares of Palantir Technologies by 67.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company's stock worth $1,240,000 after purchasing an additional 4,283 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Palantir Technologies in the third quarter valued at approximately $1,255,000. Independent Financial Group LLC grew its holdings in Palantir Technologies by 20.8% during the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company's stock valued at $21,957,000 after purchasing an additional 32,427 shares during the period. World Equity Group Inc. grew its holdings in Palantir Technologies by 7.2% during the second quarter. World Equity Group Inc. now owns 43,627 shares of the company's stock valued at $5,090,000 after purchasing an additional 2,948 shares during the period. Finally, Sage Capital Advisors llc grew its holdings in Palantir Technologies by 63.5% during the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company's stock valued at $7,810,000 after purchasing an additional 25,995 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies News Roundup

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

Analysts Set New Price Targets

A number of research firms have issued reports on PLTR. Wolfe Research assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating for the company. The Goldman Sachs Group upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 target price on the stock in a research note on Thursday, October 8th. Northland Securities set a $200.00 price target on Palantir Technologies in a research report on Tuesday, August 4th. Robert W. Baird set a $250.00 price target on Palantir Technologies in a research note on Monday, October 12th. Finally, Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and a consensus price target of $205.55.

Palantir Technologies Stock Down 1.0%

NASDAQ PLTR opened at $196.81 on Thursday. The company's 50 day moving average is $186.28 and its 200-day moving average is $153.79. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94. The firm has a market cap of $472.95 billion, a P/E 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 quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.16 EPS. Equities analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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, Director Lauren Friedman Stat sold 5,026 shares of the firm's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the transaction, the director directly owned 46,402 shares of the company's stock, valued at $9,233,998. The trade was a 9.77% 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 three months, insiders have sold 560,390 shares of company stock worth $97,909,177. Company insiders own 9.53% of the company's stock.

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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