Redstone Wealth Management LLC Acquires 32,081 Shares of Palantir Technologies Inc. $PLTR

Redstone Wealth Management LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the third quarter, Holdings Channel.com reports. The fund acquired 32,081 shares of the company’s stock, valued at approximately $6,001,000. Palantir Technologies makes up approximately 3.8% of Redstone Wealth Management LLC’s holdings, making the stock its 9th biggest position.

A number of other large investors have also recently made changes to their positions in PLTR. Ballast Advisors LLC bought a new stake in Palantir Technologies during the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC raised its position in shares of Palantir Technologies by 51.7% in the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock worth $41,000 after buying an additional 74 shares in the last quarter. Dakota Community Bank & Trust NA lifted its position in Palantir Technologies by 219.1% during the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock valued at $41,000 after purchasing an additional 149 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth about $32,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at $35,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PLTR shares. Piper Sandler reissued an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Mizuho raised their price objective on Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Citigroup lowered shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Cantor Fitzgerald started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. Finally, Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $203.28.

Palantir Technologies Trading Down 0.8%

NASDAQ:PLTR opened at $192.60 on Wednesday. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The company has a market cap of $462.83 billion, a PE ratio of 164.62, a price-to-earnings-growth ratio of 3.42 and a beta of 1.60. The company has a 50 day simple moving average of $183.35 and a two-hundred day simple moving average of $152.76.

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

Insider Activity

In related news, insider Alexander C. Karp sold 492,348 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, Director Eric H. Woersching sold 1,000 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the sale, the director owned 3,465 shares in the company, valued at $710,325. The trade was a 22.40% 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. Over the last 90 days, insiders have sold 560,390 shares of company stock worth $97,909,177. Company insiders own 9.53% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Knox Systems partnership supports federal growth. Palantir is working with Knox to accelerate software deployments for customers operating in secure FedRAMP and IL5 cloud environments. The agreement could improve access to government agencies and reinforce Palantir’s position in defense technology, although financial terms were not disclosed. Knox and Palantir partnership
• Positive Sentiment: Analysts raised price targets. Mizuho lifted its target to $245 and Baird raised its target to $250, citing Palantir’s rapid revenue growth and expanding commercial and government opportunities. Broader optimism that the AI spending cycle has substantial room to run also provides a favorable backdrop for Palantir’s software and “sovereign AI” offerings. Palantir stock and analyst targets
• Neutral Sentiment: November earnings are the next major test. Palantir recently reported approximately 93% year-over-year quarterly revenue growth, but investors will need continued strong execution and margin performance to justify the stock’s premium multiple. Commentary on TITAN deployments and AI in production points to potential recurring, high-margin government revenue. Palantir TITAN system delivery
• Negative Sentiment: Valuation and selling pressure remain key risks. Analysts warn that Palantir’s valuation already assumes years of exceptional execution, while ETF outflows, increased insider selling and ARK Invest’s reported sale of roughly $3.6 million in PLTR shares may weigh on sentiment. With shares near their 52-week high, investors appear particularly sensitive to any growth or margin disappointment. Palantir valuation risk

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.