Kornitzer Capital Management Inc. KS Makes New Investment in Palantir Technologies Inc. $PLTR

Kornitzer Capital Management Inc. KS bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 4,175 shares of the company’s stock, valued at approximately $781,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after acquiring an additional 757,322 shares in the last quarter. State Street Corp raised 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 acquiring an additional 2,863,874 shares in the last quarter. Bank of America Corp DE lifted its stake in Palantir Technologies by 1.0% during the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after purchasing an additional 180,486 shares during the last quarter. Amundi lifted its stake in Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after purchasing an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC purchased a new stake in Palantir Technologies during the first quarter worth approximately $1,574,111,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $168.82 on Wednesday. The company has a market capitalization of $405.68 billion, a P/E ratio of 118.06, a PEG ratio of 3.42 and a beta of 1.65. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The stock has a 50-day simple moving average of $185.19 and a 200-day simple moving average of $153.77.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) 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 return on equity of 30.49% and a net margin of 50.34%. The firm’s quarterly revenue was up 95.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. As a group, analysts forecast that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Analysts Set New Price Targets

PLTR has been the topic of several recent analyst reports. Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. William Blair restated an “outperform” rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. The Goldman Sachs Group restated a “buy” rating and set a $235.00 price objective on shares of Palantir Technologies in a research report on Tuesday, November 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Monday, October 26th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Palantir Technologies in a research report on Wednesday, November 4th. One 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $214.53.

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider directly owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, insider Alexander Karp sold 492,348 shares of Palantir Technologies stock in a transaction on 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 completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was 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. In the last three months, insiders sold 523,716 shares of company stock valued at $92,212,379. 9.53% of the stock is owned by insiders.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s latest quarter showed rapid growth and profitability: revenue rose nearly 96% year over year and exceeded expectations, while U.S. commercial revenue more than doubled. That commercial momentum may help offset reliance on government contracts. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Positive Sentiment: ETFs purchased $75.3 million of PLTR shares on Nov. 6, with more funds buying than selling, indicating institutional demand. Article: ETFs Are Buying Palantir (PLTR) on Nov. 6
• Neutral Sentiment: A technical analysis article pointed to a historically bullish signal, but the provided report did not specify its details or guarantee future gains. Article: This Software Stock Bull Signal Has Never Been Wrong
• Negative Sentiment: Investors may be weighing political and budget risk: the incoming Congress could reject or revise the proposed 2027 defense budget, potentially affecting Palantir’s government business. The concern comes even as commercial growth accelerates. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Negative Sentiment: Valuation remains a headwind. Commentary cautioned that the shares may be expensive despite strong commercial AI growth, leaving them vulnerable to profit-taking or a broader AI-sector pullback. Article: Palantir’s Commercial AI Business Just Changed the Story, But It’s Stock Could Be Too Expensive

About Palantir Technologies

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.