Palantir Technologies Inc. $PLTR Stock: Vest Financial LLC Raises Stake

Key Points

• Vest Financial raised its Palantir stake by 6% in the third quarter to 58,349 shares valued at approximately $10.9 million. Institutional investors collectively own 45.65% of the company.
• Palantir’s latest quarter showed strong momentum, with revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, beating expectations. The Nov. 2 earnings report is the next major catalyst.
• Valuation and insider selling remain risks: shares trade near $196 with a P/E of about 168, while insiders sold roughly $97.9 million of stock over the past 90 days. Analysts nevertheless maintain a “Moderate Buy” consensus with a $203.45 average price target.

Vest Financial LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,349 shares of the company's stock after acquiring an additional 3,290 shares during the quarter. Vest Financial LLC's holdings in Palantir Technologies were worth $10,914,000 at the end of the most recent reporting period.

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Eric Woersching sold 1,000 shares of Palantir Technologies stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the transaction, the director owned 3,465 shares in the company, valued at $710,325. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the transaction, the director owned 46,402 shares of the company's stock, valued at $9,233,998. This represents a 9.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,390 shares of company stock valued at $97,909,177 over the last 90 days. Company insiders own 9.53% of the company's stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Analyst support remains strong. Citi raised its price target to $250 from $245 while maintaining a Buy rating. Other Wall Street firms reportedly see targets ranging from $230 to $265, implying further upside if Palantir delivers solid third-quarter results. Citi raises Palantir stock price target
• Positive Sentiment: New partnerships broaden Palantir’s commercial opportunity. The company expanded its AI partnership with Stagwell to develop enterprise marketing solutions and elevated Aplos Data to its top-tier Vanguard: Elite partner network. Palantir also highlighted additional sovereign-AI deployments and a Knox Systems partnership focused on secure government-cloud environments. Stagwell and Palantir expand AI partnership
• Neutral Sentiment: Nov. 2 earnings are the key near-term catalyst. Analysts expect results and management’s outlook to determine whether Palantir can sustain its growth trajectory. The company’s prior quarter featured revenue growth of nearly 93% and an earnings beat, while technical analysts note that the shares are holding above an important support level.
• Negative Sentiment: Valuation is limiting investor tolerance for disappointment. With a market capitalization near $471 billion and a trailing P/E above 160, the stock already reflects years of exceptional execution. Concerns include Palantir’s projected revenue slowdown and Gartner’s warning about whether forward-deployed AI can scale economically. These risks likely contributed to profit-taking despite reassuring NATO about system controls and continued positive business announcements. Palantir: The business is booming, but the stock has a problem

Palantir Technologies Stock Down 2.7%

Shares of NASDAQ:PLTR opened at $196.19 on Friday. The firm has a 50 day moving average of $184.30 and a 200 day moving average of $153.47. The company has a market capitalization of $471.46 billion, a price-to-earnings ratio of 167.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.60. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The business's revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several research reports. The Goldman Sachs Group upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 price target on the stock in a research note on Thursday, October 8th. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a report on Tuesday, August 11th. DA Davidson upped their price objective on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, September 11th. Citigroup increased their target price on shares of Palantir Technologies from $245.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $225.00 target price on shares of Palantir Technologies in a report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $203.45.

Palantir Technologies 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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