Farther Finance Advisors LLC Acquires 12,059 Shares of Palantir Technologies Inc. $PLTR

Farther Finance Advisors LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,891 shares of the company’s stock after buying an additional 12,059 shares during the period. Farther Finance Advisors LLC’s holdings in Palantir Technologies were worth $30,843,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth $29,000. Cornerstone Financial Management LLC bought a new position in Palantir Technologies in the 4th quarter worth $31,000. Whipplewood Advisors LLC acquired a new position in Palantir Technologies during the 1st quarter worth $32,000. Prudent Man Investment Management Inc. acquired a new position in Palantir Technologies during the 4th quarter worth $35,000. Finally, Reflection Asset Management bought a new stake in Palantir Technologies during the fourth quarter valued at about $35,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Jefferies Financial Group restated an “underperform” rating and set a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. BTIG Research downgraded Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. Oppenheimer lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Raymond James Financial raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Thursday. Finally, Wedbush started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $198.75.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target. Analyst Gabriela Borges said demand for sovereign AI, bespoke software and specialized industry applications could significantly expand Palantir’s addressable market. Goldman Sachs upgrades Palantir to Buy with $230 target
• Positive Sentiment: The upgrade reinforces the view that Palantir’s AI opportunity extends beyond its existing government and commercial software businesses. Coverage highlighted sovereign AI—countries and organizations controlling their own infrastructure, data and models—as a potential new growth market. Palantir gets Goldman Sachs upgrade as sovereign AI opens a new market
• Positive Sentiment: Reports on Palantir’s Maven expansion and its partnership-oriented sovereign-AI strategy suggest the company is seeking to broaden deployments across defense and other strategic customers. Investors view this as evidence that its platforms may scale into larger, mission-critical contracts. What does Palantir Maven expansion mean for AI growth?
• Positive Sentiment: Other bullish commentary, including Dan Ives’ selection of Palantir as a top AI stock, is adding momentum to the narrative that enterprise and government AI spending remains in its early stages. Dan Ives names Palantir a top AI pick
• Neutral Sentiment: The bullish thesis comes with a demanding valuation: Palantir trades at roughly 170 times earnings based on the provided background data. Investors will likely require continued exceptional revenue growth and contract momentum to justify the premium multiple.
• Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, providing a counterpoint to Goldman’s upgrade. Palantir rating lowered to Hold by Zacks
• Negative Sentiment: Recent reporting also points to substantial insider selling, with executives selling shares but making no reported open-market purchases over the past six months. Separately, Michael Burry has reportedly used longer-dated put options against Palantir, reflecting concerns about AI-sector valuations and a potential slowdown.

Palantir Technologies Stock Up 2.4%

PLTR traded up $4.66 during trading on Thursday, reaching $198.78. 41,797,813 shares of the company’s stock were exchanged, compared to its average volume of 42,837,207. The company has a market capitalization of $477.68 billion, a P/E ratio of 169.90, a PEG ratio of 2.70 and a beta of 1.60. The business has a 50 day moving average price of $174.75 and a 200 day moving average price of $149.54. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business’s revenue was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.28 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the transaction, the insider directly owned 58,171 shares of the company’s stock, valued at approximately $10,170,035.93. This represents a 3.41% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Shyam Sankar sold 35,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. 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 have sold 536,364 shares of company stock worth $93,083,303 in the last three months. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.