Palantir Technologies Inc. $PLTR Stock: TD Waterhouse Canada Inc. Increases Position

Key Points

• TD Waterhouse Canada increased its Palantir position by 192.4% in the third quarter, adding 239,325 shares for a total holding of 363,691 shares valued at approximately $70.1 million. Institutional investors and hedge funds own 45.65% of the company.
• Palantir reported stronger-than-expected quarterly results, with $0.41 EPS and $1.94 billion in revenue, representing 92.8% year-over-year growth. Analysts maintain a “Moderate Buy” consensus and an average price target of $201.61, though ratings range from a $90 underperform target to $250 buy targets.
• PLTR shares fell 7.2% to $186.03 amid broader technology weakness, elevated valuation concerns and insider selling. The stock trades at roughly 159 times earnings, while insiders have sold 560,390 shares worth about $97.9 million over the past 90 days.

TD Waterhouse Canada Inc. boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 192.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,691 shares of the company's stock after purchasing an additional 239,325 shares during the period. TD Waterhouse Canada Inc.'s holdings in Palantir Technologies were worth $70,053,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PLTR. Ring Mountain Capital LLC lifted its holdings in Palantir Technologies by 1.0% in the 3rd quarter. Ring Mountain Capital LLC now owns 5,931 shares of the company's stock worth $1,109,000 after buying an additional 60 shares in the last quarter. BCGM Wealth Management LLC boosted its position in Palantir Technologies by 2.0% in the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock valued at $374,000 after buying an additional 64 shares during the last quarter. JDM Financial Group LLC boosted its position in Palantir Technologies by 20.9% in the 2nd quarter. JDM Financial Group LLC now owns 388 shares of the company's stock valued at $45,000 after buying an additional 67 shares during the last quarter. LifeSteps Financial Inc. boosted its position in Palantir Technologies by 4.9% in the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock valued at $217,000 after buying an additional 69 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. grew its stake in shares of Palantir Technologies by 4.0% during the first quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company's stock valued at $264,000 after acquiring an additional 70 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 7.2%

PLTR stock traded down $14.47 during trading on Friday, hitting $186.03. 33,238,730 shares of the company's stock traded hands, compared to its average volume of 23,416,700. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The stock has a fifty day moving average price of $182.61 and a two-hundred day moving average price of $152.00. The stock has a market capitalization of $447.04 billion, a price-to-earnings ratio of 159.00, a price-to-earnings-growth ratio of 3.53 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company posted $0.16 earnings per share. Palantir Technologies's revenue was up 92.8% on a year-over-year basis. As a group, equities research analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLTR. Raymond James Financial raised Palantir Technologies from a "hold" rating to a "moderate buy" rating in a research report on Thursday, October 8th. Royal Bank Of Canada reissued an "underperform" rating and issued a $90.00 price target on shares of Palantir Technologies in a report on Friday, July 31st. DA Davidson raised their price objective on Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, September 11th. Piper Sandler restated an "overweight" rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, UBS Group upped their target price on Palantir Technologies from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, September 15th. One equities research 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $201.61.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan Taylor sold 18,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 274,667 shares in the company, valued at approximately $55,249,267.05. This represents a 6.15% decrease in their ownership of the stock. 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. Also, insider Shyam Sankar sold 35,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% 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. In the last ninety days, insiders have sold 560,390 shares of company stock valued at $97,909,177. Corporate insiders own 9.53% of the company's stock.

About Palantir Technologies

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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