6,215 Palantir Technologies Inc. $PLTR Shares Bought by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 138.6% during the third quarter, Holdings Channel.com reports. The firm owned 10,698 shares of the company’s stock after acquiring an additional 6,215 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Palantir Technologies were worth $2,001,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PLTR. Lodestar Private Asset Management LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at about $239,000. WD Rutherford LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth about $836,000. Oppenheimer & Co. Inc. raised its position in shares of Palantir Technologies by 1.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 274,039 shares of the company’s stock worth $51,259,000 after acquiring an additional 2,599 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Palantir Technologies by 9.1% during the third quarter. Park Avenue Securities LLC now owns 206,094 shares of the company’s stock worth $38,550,000 after purchasing an additional 17,217 shares during the last quarter. Finally, WESPAC Advisors LLC purchased a new stake in Palantir Technologies during the third quarter worth approximately $207,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $198.73 on Wednesday. The stock’s 50 day moving average price is $185.77 and its 200 day moving average price is $153.69. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 92.8% on a year-over-year basis. As a group, equities research analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. Piper Sandler upped their target price on shares of Palantir Technologies from $230.00 to $231.00 and gave the company an “overweight” rating in a report on Friday. Wolfe Research started coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. UBS Group lifted their price target on shares of Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Finally, Raymond James Financial upgraded shares of Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 8th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.55.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $100,081,780.20. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed 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, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director owned 46,402 shares of the company’s stock, valued at approximately $9,233,998. This represents a 9.77% 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 quarter, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is owned by company insiders.

Key Palantir Technologies News

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

• Positive Sentiment: Analysts and market commentators continue to highlight Palantir’s momentum, including 92.8% year-over-year revenue growth in the latest quarter, strong commercial adoption of its Artificial Intelligence Platform, and expectations that business momentum will persist despite difficult comparisons. PLTR Stock Earnings Preview
• Positive Sentiment: Rosenblatt recommended buying Palantir ahead of earnings, while other coverage points to analyst target increases, commercial growth, and the possibility that another strong report could push the shares higher. Buy Palantir Ahead of Earnings
• Positive Sentiment: Palantir expanded its U.S. commercial go-to-market network by elevating Aplos Data to Vanguard: Elite partner status, supporting broader Foundry and AI Platform deployments. Palantir Expands U.S. Partner Network
• Positive Sentiment: Customer-reported results, including a 30,000-hour efficiency example, are providing tangible evidence for Palantir’s AI return-on-investment claims. Palantir AI Efficiency Proof Point
• Neutral Sentiment: Options activity indicates traders expect elevated volatility around the November 2 earnings release, with the market focused on whether Palantir can meet or exceed an expected $0.41 EPS. Palantir Put Strategy
• Negative Sentiment: Valuation remains the central risk: comparisons with RTX emphasize that Palantir trades at roughly 168 times earnings, leaving little room for disappointing growth or guidance. Short-seller Michael Burry’s position adds to the debate over whether the AI narrative justifies the price. Palantir Versus RTX Valuation
• Negative Sentiment: William Blair warned that large language-model companies could hire Palantir employees and eventually compete with or replicate parts of its technology, presenting a potentially material long-term threat. Palantir Growth Risk

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.