Palantir Technologies Inc. $PLTR Stock Purchased by LaFleur & Godfrey LLC

Key Points

• LaFleur & Godfrey increased its Palantir stake by 3.6% in the third quarter to 127,243 shares valued at approximately $23.8 million. Several other institutional investors also added shares, with institutions collectively owning 45.65% of PLTR.
• Palantir reported strong recent operating results, including $0.41 EPS, $1.94 billion in revenue and 92.8% year-over-year revenue growth. Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $205.55.
• Valuation and earnings volatility remain key risks: PLTR trades at roughly 168 times earnings, while options imply an approximately 11.65% move after the upcoming earnings release. Investors are focused on commercial customer growth, free cash flow and management guidance.

LaFleur & Godfrey LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,243 shares of the company's stock after purchasing an additional 4,441 shares during the period. Palantir Technologies comprises 2.9% of LaFleur & Godfrey LLC's portfolio, making the stock its 7th largest holding. LaFleur & Godfrey LLC's holdings in Palantir Technologies were worth $23,801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Palantir Technologies by 1.1% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 6,164 shares of the company's stock worth $1,153,000 after acquiring an additional 66 shares during the period. North Dakota State Investment Board increased its position in Palantir Technologies by 4.7% during the third quarter. North Dakota State Investment Board now owns 68,014 shares of the company's stock valued at $12,722,000 after acquiring an additional 3,061 shares during the last quarter. VestGen Advisors LLC lifted its holdings in Palantir Technologies by 36.1% in the third quarter. VestGen Advisors LLC now owns 233,365 shares of the company's stock valued at $43,651,000 after acquiring an additional 61,853 shares during the period. Laurel Wealth Advisors LLC bought a new position in Palantir Technologies in the third quarter valued at about $35,000. Finally, BLB&B Advisors LLC lifted its holdings in Palantir Technologies by 27.6% in the third quarter. BLB&B Advisors LLC now owns 7,870 shares of the company's stock valued at $1,472,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 45.65% of the company's stock.

Key Palantir Technologies News

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 Performance

NASDAQ:PLTR opened at $196.81 on Thursday. The stock has a 50-day simple moving average of $186.28 and a two-hundred day simple moving average of $153.79. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The firm has a market capitalization of $472.95 billion, a PE ratio of 168.21, a P/E/G ratio of 3.46 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 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the business posted $0.16 earnings per share. The business's quarterly revenue was up 92.8% on a year-over-year basis. Equities analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. Barclays initiated coverage on shares of Palantir Technologies in a research note on Friday, October 9th. They issued an "overweight" rating and a $265.00 price objective on the stock. Citigroup boosted their target price on shares of Palantir Technologies from $245.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Rosenblatt Securities boosted their target price on shares of Palantir Technologies from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Tuesday. 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 report on Friday, September 11th. Finally, Piper Sandler increased their price target on shares of Palantir Technologies from $230.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $205.55.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were 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 in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Ryan D. Taylor sold 18,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the transaction, the insider directly owned 274,667 shares in the company, valued at $55,249,267.05. This represents a 6.15% 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. Insiders sold a total of 560,390 shares of company stock worth $97,909,177 in the last quarter. 9.53% of the stock is currently owned by insiders.

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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