WD Rutherford LLC Purchases New Stake in Palantir Technologies Inc. $PLTR

WD Rutherford LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and 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 the company. Guardian Wealth Advisors LLC NC boosted its stake in Palantir Technologies by 67.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after buying an additional 4,283 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at $1,255,000. Independent Financial Group LLC raised its stake in shares of Palantir Technologies by 20.8% in the 2nd quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock valued at $21,957,000 after buying an additional 32,427 shares in the last quarter. World Equity Group Inc. raised its stake in shares of Palantir Technologies by 7.2% in the 2nd quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock valued at $5,090,000 after buying an additional 2,948 shares in the last quarter. Finally, Sage Capital Advisors llc raised its stake in shares of Palantir Technologies by 63.5% in the 2nd quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock valued at $7,810,000 after buying an additional 25,995 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

More Palantir Technologies News

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PLTR shares. Weiss Ratings upgraded shares of Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. DA Davidson upped their target price on shares of Palantir Technologies from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 11th. Benchmark reissued a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Jefferies Financial Group restated an “underperform” rating and set a $80.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.55.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $198.73 on Wednesday. The business has a fifty day moving average of $185.77 and a two-hundred day moving average of $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 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. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. As a group, equities analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the stock in a transaction dated 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 sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This represents a 7.11% 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. Insiders sold 560,390 shares of company stock worth $97,909,177 over the last ninety days. 9.53% of the stock is owned by insiders.

About Palantir Technologies

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.