Palantir Technologies Inc. $PLTR Stock Acquired by Thor Trading Advisors LLC

Thor Trading Advisors LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 205.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,654 shares of the company’s stock after buying an additional 4,478 shares during the quarter. Palantir Technologies accounts for 0.4% of Thor Trading Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Thor Trading Advisors LLC’s holdings in Palantir Technologies were worth $1,245,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after acquiring an additional 757,322 shares in the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Palantir Technologies by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after purchasing an additional 180,486 shares in the last quarter. Amundi boosted its position in shares of Palantir Technologies by 7.4% during the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after purchasing an additional 1,212,653 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth $1,574,111,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $168.82 on Wednesday. The firm has a market capitalization of $405.68 billion, a price-to-earnings ratio of 118.06, a price-to-earnings-growth ratio of 3.42 and a beta of 1.65. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The stock’s fifty day moving average is $185.19 and its two-hundred day moving average is $153.77.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue was up 95.9% on a year-over-year basis. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 1.36 EPS for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the firm’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 directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Taylor sold 18,000 shares of Palantir Technologies stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the transaction, the insider owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. The trade was a 6.15% 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. Insiders sold a total of 523,716 shares of company stock worth $92,212,379 in the last three months. Company insiders own 9.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PLTR shares. Citigroup increased their price target on shares of Palantir Technologies from $250.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 11th. Wolfe Research assumed coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating on the stock. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Robert W. Baird set a $250.00 target price on shares of Palantir Technologies in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.53.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s latest quarter showed rapid growth and profitability: revenue rose nearly 96% year over year and exceeded expectations, while U.S. commercial revenue more than doubled. That commercial momentum may help offset reliance on government contracts. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Positive Sentiment: ETFs purchased $75.3 million of PLTR shares on Nov. 6, with more funds buying than selling, indicating institutional demand. Article: ETFs Are Buying Palantir (PLTR) on Nov. 6
• Neutral Sentiment: A technical analysis article pointed to a historically bullish signal, but the provided report did not specify its details or guarantee future gains. Article: This Software Stock Bull Signal Has Never Been Wrong
• Negative Sentiment: Investors may be weighing political and budget risk: the incoming Congress could reject or revise the proposed 2027 defense budget, potentially affecting Palantir’s government business. The concern comes even as commercial growth accelerates. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Negative Sentiment: Valuation remains a headwind. Commentary cautioned that the shares may be expensive despite strong commercial AI growth, leaving them vulnerable to profit-taking or a broader AI-sector pullback. Article: Palantir’s Commercial AI Business Just Changed the Story, But It’s Stock Could Be Too Expensive

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.