Calamos Wealth Management LLC Buys 41,093 Shares of Palantir Technologies Inc. $PLTR

Calamos Wealth Management LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 507.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 49,193 shares of the company’s stock after buying an additional 41,093 shares during the period. Calamos Wealth Management LLC’s holdings in Palantir Technologies were worth $9,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after acquiring an additional 757,322 shares in the last quarter. State Street Corp raised its position in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares during the period. Bank of America Corp DE lifted its holdings in shares of Palantir Technologies by 28.7% during the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares during the last quarter. Amundi lifted its holdings in shares of Palantir Technologies by 2.5% during the first quarter. Amundi now owns 16,410,400 shares of the company’s stock valued at $2,400,513,000 after purchasing an additional 398,093 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $1,574,111,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PLTR shares. Rosenblatt Securities reissued a “buy” rating and issued a $260.00 price target on shares of Palantir Technologies in a research note on Tuesday. Morgan Stanley upped their price objective on shares of Palantir Technologies from $205.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday. Raymond James Financial set a $255.00 target price on shares of Palantir Technologies in a report on Wednesday. UBS Group reissued a “buy” rating on shares of Palantir Technologies in a research report on Tuesday. Finally, KeyCorp restated a “sector weight” rating on shares of Palantir Technologies in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.53.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded up $5.39 during trading hours on Friday, hitting $160.38. The stock had a trading volume of 24,291,037 shares, compared to its average volume of 24,029,898. The company has a market capitalization of $385.40 billion, a P/E ratio of 112.15, a P/E/G ratio of 3.18 and a beta of 1.65. The firm’s 50-day moving average price is $185.88 and its two-hundred day moving average price is $153.74. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 32.87%. The company’s revenue for the quarter was up 95.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. As a group, analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was 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 represents a 22.40% decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the transaction, the director owned 46,402 shares in the company, valued at $9,233,998. The trade was a 9.77% 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. Insiders have sold 523,716 shares of company stock worth $92,212,379 in the last ninety days. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Company 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.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.