Palantir Technologies Inc. $PLTR Shares Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4,043.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,097 shares of the company’s stock after purchasing an additional 4,974 shares during the period. Provenance Wealth Advisors LLC’s holdings in Palantir Technologies were worth $953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. One Day In July LLC purchased a new position in Palantir Technologies during the 3rd quarter valued at $302,000. RFG Holdings Inc. raised its holdings in Palantir Technologies by 2.1% in the 3rd quarter. RFG Holdings Inc. now owns 19,648 shares of the company’s stock worth $3,675,000 after purchasing an additional 404 shares in the last quarter. Hughes Financial Services LLC lifted its position in shares of Palantir Technologies by 12.1% in the 3rd quarter. Hughes Financial Services LLC now owns 1,682 shares of the company’s stock worth $330,000 after purchasing an additional 181 shares during the period. Lyell Wealth Management LP lifted its position in shares of Palantir Technologies by 1.9% in the 3rd quarter. Lyell Wealth Management LP now owns 3,208 shares of the company’s stock worth $600,000 after purchasing an additional 60 shares during the period. Finally, Putney Financial Group LLC purchased a new stake in shares of Palantir Technologies in the 3rd quarter worth about $51,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 2.1%

Shares of PLTR stock opened at $171.70 on Thursday. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The stock has a market cap of $412.61 billion, a PE ratio of 120.07, a price-to-earnings-growth ratio of 3.04 and a beta of 1.65. The company’s fifty day moving average price is $186.84 and its 200-day moving average price is $153.86.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $2.31 billion for 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 30.49%. The company’s revenue was up 95.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Truist Financial reiterated a “buy” rating and set a $250.00 price target (up from $223.00) on shares of Palantir Technologies in a research report on Tuesday. Phillip Securities lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Monday, October 26th. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Finally, Zacks Research downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. One 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.53.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir beat Q3 estimates, with revenue rising 96% year over year to $2.31 billion and earnings also topping expectations. It raised its 2026 revenue outlook to $8.5 billion and forecast Q4 revenue of $2.6 billion to $2.7 billion. U.S. commercial revenue surged 148% and exceeded U.S. government revenue for the first time. Palantir beats Q3 estimates and raises outlook
• Positive Sentiment: Barclays raised its price target to $273 and kept an Overweight rating, reflecting optimism about Palantir’s growth prospects. Barclays price target update
• Positive Sentiment: Palantir announced a partnership with footwear manufacturer Changshin to use Foundry and AIP across product development and factory operations, adding a commercial customer and use case. Changshin and Palantir partnership
• Neutral Sentiment: ARK bought Palantir shares while some ETFs also added to their holdings, signaling investor support, though these flows do not resolve concerns about fundamentals or valuation. ETF purchases of Palantir shares
• Negative Sentiment: Investors focused on slower bookings: total contract value grew 6%, versus 49% in the prior quarter, while U.S. commercial contract-value growth also decelerated. That raised questions about whether future demand will translate into new contracts as quickly as revenue growth suggests. Analysts cite bookings growth concerns
• Negative Sentiment: Palantir’s lofty valuation leaves little room for disappointment, and broader concerns about an AI-stock bubble may amplify volatility. Midterm election results also raised concern that a proposed defense budget could be reduced, potentially affecting government-related demand. Election-related concerns for Palantir

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, Director Lauren Friedman Stat sold 1,358 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $186.29, for a total transaction of $252,981.82. Following the completion of the sale, the director owned 45,044 shares in the company, valued at approximately $8,391,246.76. This trade represents a 2.93% decrease in their position. 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 a total of 523,716 shares of company stock valued at $92,212,379 over the last three months. 9.53% of the stock is currently owned by corporate insiders.

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.