17,217 Palantir Technologies Inc. $PLTR Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 206,094 shares of the company’s stock after acquiring an additional 17,217 shares during the period. Park Avenue Securities LLC’s holdings in Palantir Technologies were worth $38,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WESPAC Advisors LLC purchased a new position in shares of Palantir Technologies in the third quarter worth about $207,000. Segment Wealth Management LLC boosted its position in Palantir Technologies by 25.2% in the third quarter. Segment Wealth Management LLC now owns 23,767 shares of the company’s stock valued at $4,446,000 after buying an additional 4,788 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Palantir Technologies by 81.1% in the third quarter. Verdence Capital Advisors LLC now owns 32,093 shares of the company’s stock valued at $6,003,000 after buying an additional 14,374 shares during the last quarter. Odyssey Capital Advisors Inc. purchased a new stake in Palantir Technologies in the third quarter valued at approximately $216,000. Finally, Leslie Global Wealth LLC acquired a new position in Palantir Technologies in the 3rd quarter worth approximately $235,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $198.84 on Tuesday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The stock has a market capitalization of $477.82 billion, a price-to-earnings ratio of 169.95, a PEG ratio of 3.46 and a beta of 1.60. The stock has a 50 day moving average price of $185.25 and a 200 day moving average price of $153.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 92.8% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on PLTR shares. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. The Goldman Sachs Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 target price for the company in a report on Thursday, October 8th. Roth Capital initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Royal Bank Of Canada restated an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $205.55.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Earnings are the key near-term catalyst. Investors expect another strong quarter after Palantir’s previous report showed 92.8% year-over-year revenue growth and an earnings beat. A further acceleration in revenue, strong demand for AIP and Ontology, or an upbeat outlook could support the stock and potentially strengthen the case for a move toward $300. Will Palantir Technologies Stock Hit $300 Before the End of 2026?
• Positive Sentiment: AI demand remains the central growth narrative. Articles highlight Palantir’s commercial AI expansion, including evidence that customers are measuring substantial productivity gains and potential opportunities in advertising and other industries outside its traditional government and enterprise markets. Palantir is taking its AI into an unexpected new business
• Positive Sentiment: Investor interest and sector positioning are favorable. Burke Wealth initiated a position, while Palantir is among software and cybersecurity names holding up as some semiconductor stocks decline. Analyst price targets cited by one report range from $231 to $250, above the referenced trading level. Burke Wealth Initiates a New Position in Palantir
• Neutral Sentiment: Short-interest data provides little signal. The latest report lists short interest at zero shares and a zero-day days-to-cover ratio, suggesting no measurable short-selling pressure, although the data conflicts with commentary that short interest increased.
• Negative Sentiment: Valuation leaves little room for disappointment. Palantir trades at roughly 122 times expected 2026 earnings, according to one report. Michael Burry reportedly remains short, framing the November 2 earnings release as a test of whether AI growth can justify the premium valuation. Michael Burry Is Shorting PLTR

Insider Activity

In related news, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the sale, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their position. The transaction was disclosed in a 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 Shyam Sankar sold 35,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $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. Insiders have sold a total of 560,390 shares of company stock worth $97,909,177 in the last three months. 9.53% of the stock is currently owned by corporate insiders.

About Palantir Technologies

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.