Palantir Technologies Inc. $PLTR Shares Acquired by Asset One Wealth Management LLC
by Mitch Edgeman · The Markets DailyAsset One Wealth Management LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 18.0% in the third quarter, HoldingsChannel reports. The firm owned 31,497 shares of the company’s stock after purchasing an additional 4,806 shares during the period. Asset One Wealth Management LLC’s holdings in Palantir Technologies were worth $5,892,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Heritage Family Offices LLP lifted its stake in Palantir Technologies by 18.7% during the third quarter. Heritage Family Offices LLP now owns 3,298 shares of the company’s stock worth $617,000 after purchasing an additional 520 shares in the last quarter. Allegiance Financial Group Advisory Services LLC raised its stake in shares of Palantir Technologies by 1.7% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 8,193 shares of the company’s stock valued at $1,533,000 after buying an additional 137 shares in the last quarter. Waldron Private Wealth LLC grew its stake in Palantir Technologies by 0.9% in the third quarter. Waldron Private Wealth LLC now owns 8,749 shares of the company’s stock valued at $1,637,000 after acquiring an additional 79 shares during the period. Calamos Wealth Management LLC lifted its holdings in Palantir Technologies by 507.3% during the 3rd quarter. Calamos Wealth Management LLC now owns 49,193 shares of the company’s stock worth $9,202,000 after purchasing an additional 41,093 shares during the last quarter. Finally, Alta Advisers Ltd increased its stake in shares of Palantir Technologies by 83.5% in the third quarter. Alta Advisers Ltd now owns 16,468 shares of the company’s stock valued at $3,080,000 after buying an additional 7,494 shares during the period. 45.65% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on the company. Royal Bank Of Canada upped their price target on Palantir Technologies from $90.00 to $130.00 and gave the stock an “underperform” rating in a research report on Tuesday. Robert W. Baird set a $250.00 price target on shares of Palantir Technologies in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Monday, October 26th. Zacks Research lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Raymond James Financial set a $255.00 price target on shares of Palantir Technologies in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $214.53.
Check Out Our Latest Report on Palantir Technologies
Insider Activity at Palantir Technologies
In related news, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the transaction, the director owned 46,402 shares in the company, valued at $9,233,998. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares in the company, valued at $10,170,035.93. This trade represents a 3.41% 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 523,716 shares of company stock valued at $92,212,379 in the last ninety days. 9.53% of the stock is currently owned by company insiders.
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
- Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
- Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning
Palantir Technologies Trading Up 3.5%
Shares of NASDAQ PLTR opened at $160.38 on Friday. The firm has a market cap of $385.40 billion, a PE ratio of 112.15, a PEG ratio of 3.18 and a beta of 1.65. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The company has a fifty day moving average price of $185.88 and a 200 day moving average price of $153.74.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 32.87%. The firm’s revenue for the quarter was up 95.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current year.
Palantir Technologies Company Profile
Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.
The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.
Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.
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