Palantir Technologies Inc. $PLTR Stock Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,815,471 shares of the company’s stock after buying an additional 125,598 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Palantir Technologies worth $339,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLTR. Signature Wealth Management Partners LLC lifted its position in Palantir Technologies by 1.0% in the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company’s stock valued at $961,000 after acquiring an additional 51 shares in the last quarter. Atlatl Advisers LLC increased its holdings in shares of Palantir Technologies by 0.4% in the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company’s stock worth $2,464,000 after purchasing an additional 53 shares in the last quarter. Opinicus Capital Inc. increased its holdings in shares of Palantir Technologies by 2.4% in the 3rd quarter. Opinicus Capital Inc. now owns 2,276 shares of the company’s stock worth $426,000 after purchasing an additional 53 shares in the last quarter. Demars Financial Group LLC increased its holdings in shares of Palantir Technologies by 2.7% in the 3rd quarter. Demars Financial Group LLC now owns 2,054 shares of the company’s stock worth $384,000 after purchasing an additional 54 shares in the last quarter. Finally, PFS Partners LLC raised its stake in shares of Palantir Technologies by 28.9% in the third quarter. PFS Partners LLC now owns 250 shares of the company’s stock worth $47,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Latest Palantir Technologies News

Here’s some of the latest news about PLTR:

• Positive Sentiment: Palantir reported quarterly revenue of $2.31 billion, up 95.9% year over year, and EPS of $0.44, beating estimates for both. Some analysts and commentators argue that the company’s enterprise AI growth story remains intact; one article also highlights 165% customer retention as a sign of expansion potential. Article: Palantir: 165% Retention Signals The Next Enterprise AI Boom
• Negative Sentiment: Valuation is another headwind: several reports argue that even rapid growth may not justify the stock’s high price, leaving little room for disappointment. Rising dilution is also cited as a concern. Article: Palantir Grew Revenue 96%. The Stock Fell 5%.
• Negative Sentiment: European defense contractor Helsing introduced its Clarity AI platform, which is being trialed by Germany’s military and designed around European sovereignty requirements. It could challenge Palantir for some defense AI business in Europe. Article: Palantir (PLTR) Faces A European Rival In Defense AI

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 1,358 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were 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 of the company’s stock, valued at $8,391,246.76. The trade was a 2.93% decrease in their position. The sale 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. Also, insider Jeffrey Buckley sold 1,250 shares of the company’s stock in a transaction 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 owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 523,716 shares of company stock valued at $92,212,379 in the last quarter. Insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $171.58 on Friday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The stock has a fifty day moving average of $185.08 and a 200 day moving average of $153.81. The stock has a market cap of $412.32 billion, a PE ratio of 119.99, a price-to-earnings-growth ratio of 3.48 and a beta of 1.65.

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, beating analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the company posted $0.21 EPS. The business’s quarterly revenue was up 95.9% compared to the same quarter last year. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PLTR. Rosenblatt Securities reaffirmed a “buy” rating and set a $260.00 price target on shares of Palantir Technologies in a report on Tuesday, November 3rd. UBS Group reiterated a “buy” rating on shares of Palantir Technologies in a report on Tuesday, November 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $235.00 target price on shares of Palantir Technologies in a research report on Tuesday, November 3rd. Jefferies Financial Group restated an “underperform” rating and set a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Northland Securities set a $200.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $216.76.

Palantir Technologies Profile

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.