Palantir Technologies Inc. $PLTR Stock Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.6% during the third quarter, HoldingsChannel reports. The fund owned 27,466 shares of the company’s stock after buying an additional 4,108 shares during the quarter. Everhart Financial Group Inc.’s holdings in Palantir Technologies were worth $5,138,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gradient Investments LLC boosted its holdings in Palantir Technologies by 1,093.9% in the 3rd quarter. Gradient Investments LLC now owns 37,466 shares of the company’s stock worth $7,008,000 after buying an additional 34,328 shares during the period. Veracity Capital LLC raised its holdings in Palantir Technologies by 19.4% during the 3rd quarter. Veracity Capital LLC now owns 4,150 shares of the company’s stock valued at $776,000 after acquiring an additional 673 shares during the period. Vista Investment Partners LLC raised its holdings in Palantir Technologies by 1.3% during the 3rd quarter. Vista Investment Partners LLC now owns 9,624 shares of the company’s stock valued at $1,800,000 after acquiring an additional 119 shares during the period. Plan A Wealth LLC lifted its position in shares of Palantir Technologies by 8.6% during the third quarter. Plan A Wealth LLC now owns 1,904 shares of the company’s stock worth $356,000 after acquiring an additional 151 shares in the last quarter. Finally, Tactive Advisors LLC boosted its holdings in shares of Palantir Technologies by 4.9% in the third quarter. Tactive Advisors LLC now owns 11,781 shares of the company’s stock worth $2,204,000 after acquiring an additional 553 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR traded up $2.36 during trading on Thursday, reaching $196.48. The company’s stock had a trading volume of 30,934,475 shares, compared to its average volume of 42,775,949. The firm has a fifty day moving average of $174.75 and a 200 day moving average of $149.54. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The stock has a market capitalization of $472.14 billion, a PE ratio of 167.93, a P/E/G ratio of 2.70 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. Research analysts expect that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target. Analyst Gabriela Borges cited a significant expansion in Palantir’s addressable market, driven by demand for sovereign AI, bespoke software applications and specialized industry solutions. Palantir shares rise over 3% after Goldman Sachs upgrade
• Positive Sentiment: The upgrade suggests Palantir may be expanding beyond its traditional government and enterprise software markets. Goldman believes the company’s business model, customer relationships and AI deployment capabilities can help it maintain an advantage over competitors. Why a longtime skeptic of Palantir’s stock is finally saying it’s time to buy
• Positive Sentiment: Additional bullish commentary from Dan Ives and other analysts highlighted sovereign AI, strong U.S. enterprise demand and a potentially large multiyear AI spending cycle. These calls strengthened investor confidence ahead of Palantir’s next quarterly report. What Is Going on With Palantir Tech Stock on Thursday?
• Neutral Sentiment: Palantir’s valuation remains demanding, with a very high earnings multiple. Investors are also monitoring substantial insider selling, while institutional ownership activity has been mixed.
• Negative Sentiment: Zacks Research separately lowered its rating from Strong Buy to Hold, providing a counterpoint to Goldman’s upgrade. Concerns about valuation, execution expectations and potential AI competition could limit further gains if growth momentum slows. Palantir Technologies Stock Dropped to Hold by Zacks Research

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Friedman Stat sold 1,337 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $189.95, for a total value of $253,963.15. Following the completion of the transaction, the director owned 51,428 shares of the company’s stock, valued at $9,768,748.60. The trade was a 2.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the stock in a transaction 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 transaction, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 536,364 shares of company stock valued at $93,083,303. Company insiders own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of Palantir Technologies in a research report on Wednesday, September 23rd. The Goldman Sachs Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 price objective on the stock in a report on Thursday. Raymond James Financial upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Thursday. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a report on Tuesday, August 11th. Finally, Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $196.30.

Palantir Technologies Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.