Bell Bank Acquires 7,199 Shares of Palantir Technologies Inc. $PLTR

Bell Bank increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 93.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,931 shares of the company’s stock after purchasing an additional 7,199 shares during the period. Bell Bank’s holdings in Palantir Technologies were worth $2,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ballast Advisors LLC purchased a new position in shares of Palantir Technologies in the first quarter worth about $29,000. Retirement Wealth Solutions LLC lifted its stake in shares of Palantir Technologies by 51.7% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock valued at $41,000 after acquiring an additional 74 shares during the last quarter. Dakota Community Bank & Trust NA lifted its stake in shares of Palantir Technologies by 219.1% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock valued at $41,000 after acquiring an additional 149 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at about $32,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Palantir Technologies during the 2nd quarter valued at about $35,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PLTR shares. Cantor Fitzgerald started coverage on Palantir Technologies in a report on Tuesday, August 4th. They set an “overweight” rating for the company. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 8th. Yorkville Ives started coverage on shares of Palantir Technologies in a report on Tuesday, October 6th. They set an “outperform” rating and a $250.00 price target for the company. Wolfe Research started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Finally, Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $203.28.

Palantir Technologies Trading Down 0.8%

Palantir Technologies stock 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 stock has a fifty day simple moving average of $183.35 and a two-hundred day simple moving average of $152.76. The firm has a market cap of $462.83 billion, a price-to-earnings ratio of 164.62, a PEG ratio of 3.42 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business’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 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Key Headlines 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

Insiders Place Their Bets

In other news, insider Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Jeffrey Buckley sold 2,055 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider owned 58,171 shares in the company, valued at $10,170,035.93. The trade was a 3.41% 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. Over the last quarter, insiders sold 560,390 shares of company stock valued at $97,909,177. Insiders own 9.53% of the company’s stock.

Palantir Technologies Company Profile

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.