Palantir Technologies Inc. $PLTR Stock: Calamos Wealth Management LLC Increases Position

Calamos Wealth Management LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 507.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,193 shares of the company’s stock after purchasing an additional 41,093 shares during the period. Calamos Wealth Management LLC’s holdings in Palantir Technologies were worth $9,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signature Wealth Management Partners LLC lifted its stake in shares of Palantir Technologies by 1.0% in the third quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company’s stock worth $961,000 after acquiring an additional 51 shares in the last quarter. Atlatl Advisers LLC grew its stake in Palantir Technologies by 0.4% during the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company’s stock valued at $2,464,000 after purchasing an additional 53 shares in the last quarter. Opinicus Capital Inc. increased its holdings in Palantir Technologies by 2.4% during the 3rd quarter. Opinicus Capital Inc. now owns 2,276 shares of the company’s stock worth $426,000 after purchasing an additional 53 shares during the last quarter. Demars Financial Group LLC increased its holdings in Palantir Technologies by 2.7% during the 3rd quarter. Demars Financial Group LLC now owns 2,054 shares of the company’s stock worth $384,000 after purchasing an additional 54 shares during the last quarter. Finally, PFS Partners LLC raised its position in shares of Palantir Technologies by 28.9% in the 3rd quarter. PFS Partners LLC now owns 250 shares of the company’s stock valued at $47,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the transaction, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, 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 completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last quarter, insiders have sold 523,716 shares of company stock valued at $92,212,379. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

PLTR traded up $5.39 during trading hours on Friday, hitting $160.38. 24,291,037 shares of the stock were exchanged, compared to its average volume of 24,029,898. The stock has a market cap of $385.40 billion, a price-to-earnings ratio of 112.15, a price-to-earnings-growth ratio of 3.18 and a beta of 1.65. The stock has a 50-day simple moving average of $185.88 and a 200-day simple moving average of $153.74. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its 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. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. Palantir Technologies’s quarterly revenue was up 95.9% compared to the same quarter last year. Sell-side analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PLTR shares. Yorkville Ives started coverage on Palantir Technologies in a research note on Tuesday, October 6th. They set an “outperform” rating and a $250.00 target price for the company. Jefferies Financial Group restated an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $90.00 to $130.00 and gave the company an “underperform” rating in a report on Tuesday. Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a research note on Monday, October 12th. Finally, Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $156.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven 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 MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $214.53.

More Palantir Technologies News

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

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.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.