2,600 Shares of Palantir Technologies Inc. $PLTR Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,600 shares of the company’s stock, valued at approximately $488,000.

A number of other institutional investors have also made changes to their positions in PLTR. BlackRock Inc. grew its holdings in shares of Palantir Technologies by 0.4% in the 2nd 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 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 acquiring an additional 2,863,874 shares in the last quarter. Invesco Ltd. increased its position in Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after buying an additional 616,297 shares during the last quarter. Bank of America Corp DE raised its stake in Palantir Technologies by 28.7% in 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 buying an additional 4,201,852 shares during the period. Finally, Amundi boosted its stake in shares of Palantir Technologies by 2.5% during the 1st quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after acquiring an additional 398,093 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
• Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
• Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
• Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 1,250 shares of the firm’s stock in a transaction dated 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 directly owned 56,921 shares in the company, valued at $9,920,761.09. This trade represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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, insider Ryan Taylor sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the transaction, the insider directly owned 274,667 shares in the company, valued at $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLTR shares. Phillip Securities cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday. UBS Group lifted their target price on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Robert W. Baird set a $250.00 target price on shares of Palantir Technologies in a research report on Monday. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 11th. Finally, Wolfe Research assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $200.54.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $200.97 on Thursday. The stock has a market cap of $482.94 billion, a P/E ratio of 171.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.60. The firm has a 50 day moving average price of $181.44 and a two-hundred day moving average price of $151.35. 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, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue was up 92.8% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

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.