WD Rutherford LLC Purchases 4,470 Shares of Palantir Technologies Inc. $PLTR

WD Rutherford LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,470 shares of the company’s stock, valued at approximately $836,000.

A number of other hedge funds also recently modified their holdings of PLTR. Jennison Associates LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its stake in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after buying an additional 7,678,747 shares in the last quarter. Bank of America Corp DE lifted 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 in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Palantir Technologies by 795.6% in the first quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock valued at $480,247,000 after buying an additional 2,952,079 shares during the period. Finally, State Street Corp boosted its holdings in shares of Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after buying an additional 2,863,874 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of several research reports. Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a research report on Monday, October 12th. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 11th. UBS Group increased 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. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 price target on the stock in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $205.55.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 D. Taylor sold 18,000 shares of Palantir Technologies stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the transaction, the insider directly owned 274,667 shares of the company’s stock, valued at $55,249,267.05. This represents a 6.15% 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 ninety days, insiders have sold 560,390 shares of company stock worth $97,909,177. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Down 0.1%

Shares of PLTR stock opened at $198.73 on Wednesday. The firm’s 50-day moving average is $185.77 and its 200-day moving average is $153.69. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. The firm’s revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Analysts and market commentators continue to highlight Palantir’s momentum, including 92.8% year-over-year revenue growth in the latest quarter, strong commercial adoption of its Artificial Intelligence Platform, and expectations that business momentum will persist despite difficult comparisons. PLTR Stock Earnings Preview
• Positive Sentiment: Rosenblatt recommended buying Palantir ahead of earnings, while other coverage points to analyst target increases, commercial growth, and the possibility that another strong report could push the shares higher. Buy Palantir Ahead of Earnings
• Positive Sentiment: Palantir expanded its U.S. commercial go-to-market network by elevating Aplos Data to Vanguard: Elite partner status, supporting broader Foundry and AI Platform deployments. Palantir Expands U.S. Partner Network
• Positive Sentiment: Customer-reported results, including a 30,000-hour efficiency example, are providing tangible evidence for Palantir’s AI return-on-investment claims. Palantir AI Efficiency Proof Point
• Neutral Sentiment: Options activity indicates traders expect elevated volatility around the November 2 earnings release, with the market focused on whether Palantir can meet or exceed an expected $0.41 EPS. Palantir Put Strategy
• Negative Sentiment: Valuation remains the central risk: comparisons with RTX emphasize that Palantir trades at roughly 168 times earnings, leaving little room for disappointing growth or guidance. Short-seller Michael Burry’s position adds to the debate over whether the AI narrative justifies the price. Palantir Versus RTX Valuation
• Negative Sentiment: William Blair warned that large language-model companies could hire Palantir employees and eventually compete with or replicate parts of its technology, presenting a potentially material long-term threat. Palantir Growth Risk

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.