Palantir Technologies Inc. $PLTR Stock: Sax Wealth Advisors LLC Grows Position

Key Points

• Sax Wealth Advisors increased its Palantir stake by 91.1% in the third quarter, bringing its holdings to 17,568 shares valued at approximately $3.29 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong operating results, with quarterly revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analyst expectations. The stock opened at $208.67, near its 52-week high, but trades at a lofty P/E ratio of 178.35.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $200.54, while insiders have sold roughly $97.7 million of shares over the past three months under pre-arranged trading plans.

Sax Wealth Advisors LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 91.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,568 shares of the company's stock after purchasing an additional 8,374 shares during the period. Sax Wealth Advisors LLC's holdings in Palantir Technologies were worth $3,286,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Ballast Advisors LLC purchased a new stake in Palantir Technologies in the first quarter worth about $29,000. Whipplewood Advisors LLC purchased a new position in shares of Palantir Technologies during the 1st quarter valued at about $32,000. Reflection Asset Management purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $35,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at about $35,000. Finally, Monetary Solutions Ltd bought a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $36,000. Institutional investors own 45.65% of the company's stock.

Insider Activity

In related news, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director owned 46,402 shares of the company's stock, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 559,390 shares of company stock valued at $97,704,177 in the last three months. 9.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PLTR shares. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Wednesday, September 23rd. Wolfe Research assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating on the stock. UBS Group lifted their price target on shares of Palantir Technologies from $220.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, September 15th. Robert W. Baird set a $250.00 price target on shares of Palantir Technologies in a report on Monday. Finally, Wedbush began coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $200.54.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $208.67 on Wednesday. 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 $501.45 billion, a PE ratio of 178.35, a PEG ratio of 2.87 and a beta of 1.60. The stock has a fifty day simple moving average of $180.59 and a two-hundred day simple moving average of $150.98.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the firm earned $0.16 earnings per share. The business's quarterly revenue was up 92.8% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s bullish investment case remains centered on accelerating operating performance. Management raised fiscal 2026 revenue guidance, while the company’s latest reported quarter showed revenue growth of 92.8% year over year and earnings above analysts’ expectations. Several recent analyses argue that consensus estimates may still underestimate the company’s growth potential. Palantir guidance and stock momentum
• Positive Sentiment: The launch of Regna AI with Ondas expands Palantir’s sovereign-defense strategy. The new company will develop specialized AI models for military and mission-critical applications involving drones, surveillance systems, ground vehicles and unmanned vessels, potentially creating additional government and institutional demand. Regna AI announcement
• Positive Sentiment: Investor sentiment has improved sharply following Palantir’s recent rally. Articles point to continued AI adoption, possible expansion in commercial and government markets, and rising analyst earnings estimates; some bullish forecasts see further upside despite the stock trading above many published price targets. Analyst sentiment and valuation

Palantir Technologies Company Profile

Palantir Technologies Inc NASDAQ: PLTR develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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