13,634 Palantir Technologies Inc. $PLTR Shares Acquired by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 270.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,677 shares of the company’s stock after buying an additional 13,634 shares during the quarter. Palantir Technologies comprises about 1.5% of Capstone Wealth Management Group LLC’s holdings, making the stock its 20th largest position. Capstone Wealth Management Group LLC’s holdings in Palantir Technologies were worth $3,407,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ballast Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth $29,000. Axiom Investment Management LLC increased its holdings in Palantir Technologies by 181.8% in the 3rd quarter. Axiom Investment Management LLC now owns 155 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Navigoe LLC increased its holdings in Palantir Technologies by 17,500.0% in the 3rd quarter. Navigoe LLC now owns 176 shares of the company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Palantir Technologies in the 2nd quarter valued at about $35,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Palantir Technologies in the 3rd quarter valued at about $35,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PLTR shares. Piper Sandler reaffirmed an “overweight” rating and set a $235.00 price objective (up from $231.00) on shares of Palantir Technologies in a report on Tuesday, November 3rd. Mizuho lifted their target price on shares of Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Deutsche Bank reiterated a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a research note on Monday, October 26th. Barclays boosted their price target on shares of Palantir Technologies from $265.00 to $273.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Finally, Robert W. Baird set a $250.00 price target on shares of Palantir Technologies in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.76.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $172.40 on Thursday. The firm has a fifty day moving average price of $185.04 and a two-hundred day moving average price of $153.79. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The company has a market cap of $414.29 billion, a price-to-earnings ratio of 120.56, a PEG ratio of 3.41 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The business’s revenue for the quarter was up 95.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Equities research analysts expect that Palantir Technologies Inc. will post 1.36 EPS for the current fiscal year.

Trending Headlines about Palantir Technologies

These are some of the PLTR headlines that stood out recently:

• Positive Sentiment: Palantir reported a strong third quarter, with revenue up 95.9% year over year to $2.31 billion and earnings per share of $0.44, ahead of analyst estimates. Its expanding sovereign-AI deployments across defense and other industries could support future recurring revenue, although announced deployments did not include contract values. Palantir stock slips despite strong AI revenue Palantir Stock: The 1 Number That Could Fuel Its Next Rally
• Neutral Sentiment: CEO Alex Karp described Palantir’s products as “essentially progressive” and said he has long been a Democrat. The comments may shape public perception but do not indicate a change in business performance. Alex Karp says Palantir’s products are essentially progressive
• Negative Sentiment: Investors are focused on a sharp slowdown in contract momentum: total contract value reportedly grew 6% year over year, versus 49% in the prior quarter, while U.S. commercial contract value fell sequentially. This raises questions about whether strong revenue growth can continue. Palantir stock falls as Wall Street spots a warning

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the sale, the insider owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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, Director Eric Woersching sold 1,000 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the transaction, the director owned 3,465 shares of the company’s stock, valued at approximately $710,325. The trade was a 22.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 523,716 shares of company stock valued at $92,212,379 in the last ninety days. 9.53% of the stock is owned by insiders.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.