Palantir Technologies Inc. $PLTR Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 11.2% during the 3rd quarter, Holdings Channel reports. The fund owned 90,932 shares of the company’s stock after buying an additional 9,166 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Palantir Technologies were worth $17,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Guardian Wealth Advisors LLC NC lifted its stake in Palantir Technologies by 67.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after purchasing an additional 4,283 shares in the last quarter. Independent Financial Group LLC raised its stake in shares of Palantir Technologies by 20.8% in the 2nd quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock valued at $21,957,000 after acquiring an additional 32,427 shares during the period. World Equity Group Inc. increased its holdings in Palantir Technologies by 7.2% in the 2nd quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock valued at $5,090,000 after purchasing an additional 2,948 shares during the last quarter. Sage Capital Advisors llc increased its holdings in Palantir Technologies by 63.5% in the 2nd quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock valued at $7,810,000 after purchasing an additional 25,995 shares during the last quarter. Finally, V. M. Manning & CO. Inc. purchased a new stake in Palantir Technologies in the second quarter valued at approximately $539,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

Analyst Ratings Changes

Several equities research analysts recently issued reports on PLTR shares. Phillip Securities downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. William Blair restated an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a report on Tuesday, August 4th. Barclays began coverage on Palantir Technologies in a research report on Friday, October 9th. They issued an “overweight” rating and a $265.00 target price for the company. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $201.61.

Palantir Technologies Price Performance

PLTR stock opened at $186.03 on Friday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The business’s 50-day moving average is $182.61 and its two-hundred day moving average is $152.00. The firm has a market capitalization of $447.04 billion, a P/E ratio of 159.00, a P/E/G ratio of 3.53 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates 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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. Palantir Technologies’s quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share. On average, analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Insider Activity at Palantir Technologies

In related news, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the sale, the director owned 46,402 shares in the company, valued at $9,233,998. This trade represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric H. Woersching sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the sale, the director owned 3,465 shares of the company’s stock, valued at $710,325. This trade represents a 22.40% 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 sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Company 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.