Palantir Technologies Inc. $PLTR Stock: BDF Gestion Increases Stake

BDF Gestion raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 29.7% during the third quarter, HoldingsChannel.com reports. The fund owned 51,741 shares of the company’s stock after purchasing an additional 11,849 shares during the quarter. Palantir Technologies comprises approximately 1.3% of BDF Gestion’s holdings, making the stock its 12th biggest position. BDF Gestion’s holdings in Palantir Technologies were worth $9,678,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its position in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares in the last quarter. State Street Corp lifted its position 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 worth $12,190,903,000 after buying an additional 2,863,874 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Palantir Technologies by 1.0% in the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after buying an additional 180,486 shares in the last quarter. Amundi boosted its stake in Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after buying an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in Palantir Technologies during the first quarter valued at approximately $1,574,111,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 4.6%

Shares of NASDAQ:PLTR traded up $8.51 during trading on Monday, reaching $194.54. The company’s stock had a trading volume of 13,053,425 shares, compared to its average volume of 42,215,016. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The firm’s 50 day simple moving average is $182.61 and its two-hundred day simple moving average is $152.10. The stock has a market capitalization of $467.48 billion, a PE ratio of 166.55, a price-to-earnings-growth ratio of 3.27 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. Research analysts anticipate that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eric H. Woersching sold 1,000 shares of the stock in a transaction 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 sale, the director owned 3,465 shares in the company, valued at approximately $710,325. This represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the sale, the insider owned 56,921 shares in the company, valued at $9,920,761.09. The trade was a 2.15% decrease in their position. 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 three months, insiders sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLTR. Mizuho raised their price target on Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group reaffirmed an “underperform” rating and set a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Wolfe Research started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Benchmark reissued a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $203.28.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Commercial expansion is strengthening the growth story. Palantir reportedly posted its fastest commercial growth to date, suggesting the company is becoming less dependent on government contracts and that its Artificial Intelligence Platform is gaining traction with businesses. Palantir Is Expanding Beyond Government Contracts
• Positive Sentiment: Knox Systems partnership expands federal distribution. Palantir and Knox Systems are working to accelerate software delivery to customers operating in FedRAMP and Impact Level 5 environments through Knox’s federal managed-cloud infrastructure. The agreement could improve access to sensitive government workloads and support additional federal sales. Knox and Palantir Partner
• Positive Sentiment: Investors continue to view Palantir as an AI platform already in production. Commentary highlighted its embedded role in defense and enterprise workflows, where customers may be reluctant to replace the software, while some analysts expect another strong earnings report ahead of the company’s scheduled November 2 results. Palantir AI in Production
• Neutral Sentiment: Broader technology sentiment also helped the rebound. Palantir gained momentum as technology stocks recovered, although the move followed a sharp sector-wide selloff that demonstrated how sensitive high-growth AI shares remain to changing risk appetite. Why Is Palantir Technologies Stock Gaining
• Negative Sentiment: Valuation remains the main obstacle. Analysts and financial commentators warn that Palantir trades at a premium that requires exceptional growth to continue. Concerns about expensive AI stocks, potential congressional oversight, and a possible valuation contraction could limit further upside despite strong operating performance. Can Palantir’s Growth Justify Its Valuation

Palantir Technologies 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.