Titan Investment Management LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 44.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,748 shares of the company’s stock after purchasing an additional 2,688 shares during the period. Palantir Technologies comprises 1.2% of Titan Investment Management LLC’s holdings, making the stock its 29th largest position. Titan Investment Management LLC’s holdings in Palantir Technologies were worth $1,636,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ballast Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at approximately $29,000. Whipplewood Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $32,000. C M Bidwell & Associates Ltd. bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $35,000. Retirement Wealth Solutions LLC boosted its stake in shares of Palantir Technologies by 51.7% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock worth $41,000 after acquiring an additional 74 shares during the period. Finally, Dakota Community Bank & Trust NA boosted its stake in shares of Palantir Technologies by 219.1% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock worth $41,000 after acquiring an additional 149 shares during the period. Institutional investors own 45.65% of the company’s stock.
Palantir Technologies Stock Down 2.7%
Shares of PLTR stock opened at $196.19 on Friday. The firm has a 50 day moving average price of $184.30 and a two-hundred day moving average price of $153.47. The company has a market capitalization of $471.46 billion, a PE ratio of 167.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.60. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data 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 return on equity of 30.57% and a net margin of 49.01%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue was up 92.8% on a year-over-year basis. As a group, research analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current year.
Key Headlines 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
Insider Activity at Palantir Technologies
In related news, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 6th. The stock was 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 directly owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This trade represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 560,390 shares of company stock valued at $97,909,177 in the last 90 days. Corporate insiders own 9.53% of the company’s stock.
Analyst Ratings Changes
PLTR has been the topic of a number of recent analyst reports. Barclays initiated coverage on Palantir Technologies in a report on Friday, October 9th. They set an “overweight” rating and a $265.00 target price on the stock. Citigroup raised their price target on Palantir Technologies from $245.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Wednesday, September 23rd. Benchmark reaffirmed a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Cantor Fitzgerald began coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued an “overweight” rating on the stock. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $203.45.
View Our Latest Stock Analysis on Palantir Technologies
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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