Crossmark Global Holdings Inc. Acquires 8,452 Shares of Palantir Technologies Inc. $PLTR

Crossmark Global Holdings Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,373 shares of the company's stock after purchasing an additional 8,452 shares during the period. Palantir Technologies accounts for approximately 0.6% of Crossmark Global Holdings Inc.'s portfolio, making the stock its 28th largest holding. Crossmark Global Holdings Inc.'s holdings in Palantir Technologies were worth $49,638,000 as of its most recent SEC filing.

• The AI Buildout Is Only 15% Complete—Here Is Where the Next Dollar Actually Goes

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth about $29,000. Whipplewood Advisors LLC purchased a new position in shares of Palantir Technologies during the first quarter valued at approximately $32,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Palantir Technologies during the second quarter valued at approximately $35,000. Retirement Wealth Solutions LLC grew its stake in Palantir Technologies by 51.7% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company's stock worth $41,000 after acquiring an additional 74 shares during the period. Finally, Dakota Community Bank & Trust NA lifted its stake in shares of Palantir Technologies by 219.1% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company's stock worth $41,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Robert W. Baird set a $250.00 price objective on Palantir Technologies in a report on Monday, October 12th. Citigroup lowered shares of Palantir Technologies from a "buy" rating to a "market perform" rating in a report on Tuesday, August 4th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price target on shares of Palantir Technologies in a research report on Wednesday, September 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have given a Hold rating and three have given 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 $203.28.

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View Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Price Performance

PLTR stock opened at $201.72 on Thursday. The stock has a market capitalization of $484.75 billion, a price-to-earnings ratio of 172.41, a price-to-earnings-growth ratio of 3.39 and a beta of 1.60. The company has a 50-day moving average of $183.96 and a two-hundred day moving average of $153.14. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94.

• Palantir's Potential Next Catalyst After Retail Profit-Taking

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results 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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.16 EPS. The company's revenue was up 92.8% on a year-over-year basis. Equities analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Friedman Stat sold 5,026 shares of the firm's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the sale, the director owned 46,402 shares in the company, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan D. Taylor sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the sale, the insider owned 274,667 shares in the company, valued at approximately $55,249,267.05. This represents a 6.15% 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. In the last 90 days, insiders have sold 560,390 shares of company stock worth $97,909,177. Insiders own 9.53% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: Expanded sovereign-AI deployments: Palantir said it has delivered sovereign-AI capabilities to a new group of flagship customers, including L3Harris, McCarthy Building Companies, NVIDIA and Ondas. The announcement reinforces demand for Palantir’s Foundry, Ontology and Artificial Intelligence Platform (AIP), particularly among organizations requiring secure control of data and AI infrastructure. Palantir Accelerates Delivery of Sovereign AI to New Wave of Customers
• Positive Sentiment: Secure government-cloud partnership: Palantir’s agreement with Knox Systems is designed to expand deployments in FedRAMP and Impact Level 5 government-cloud environments. Investors viewed the deal as another potential catalyst for federal demand, contributing to the stock’s rebound ahead of its next earnings test. Palantir Technologies Signs Knox Partnership
• Positive Sentiment: AI-sector momentum: Buyers rotated into AI platform companies, helping Palantir outperform several software peers. Analyst Dan Ives also argues that the AI infrastructure and software spending cycle is still in its early stages, with sovereign AI providing Palantir an additional long-term growth opportunity. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Analysts raised targets: Mizuho and Baird reportedly lifted their Palantir price targets to $245 and $250, respectively, reflecting confidence in strong revenue growth and AI demand. These targets may support sentiment, but they do not remove execution risk or guarantee further upside. Palantir Stock Bounces Back Ahead of November Earnings Test
• Negative Sentiment: Extreme valuation and selling pressure: Palantir trades at a very high earnings multiple, leading analysts to warn that its price already discounts years of exceptional execution. ARK Invest also continued selling PLTR shares, while reported insider and ETF selling add potential overhead. PLTR Stock’s Biggest Risk Is Its Price

About Palantir Technologies

(Free Report)

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.

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