Palantir Technologies Inc. $PLTR Stock Position Cut by Curated Wealth Partners LLC

Curated Wealth Partners LLC reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 93.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,500 shares of the company’s stock after selling 125,671 shares during the period. Curated Wealth Partners LLC’s holdings in Palantir Technologies were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after purchasing an additional 757,322 shares during the period. State Street Corp raised its stake in Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after buying an additional 2,863,874 shares during the last quarter. Invesco Ltd. raised its position in shares of Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares in the last quarter. Finally, Amundi increased its holdings in Palantir Technologies by 2.5% in the first quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after purchasing an additional 398,093 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the sale, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was 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 of the company’s stock, valued at approximately $100,081,780.20. This trade represents a 5.16% 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. Insiders have sold 560,390 shares of company stock worth $97,909,177 in the last 90 days. Corporate insiders own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research analyst reports. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 11th. Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a report on Monday. Barclays assumed coverage on Palantir Technologies in a report on Friday, October 9th. They issued an “overweight” rating and a $265.00 target price for the company. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.61.

Palantir Technologies Trading Down 0.9%

Shares of NASDAQ PLTR traded down $1.82 during midday trading on Thursday, hitting $199.15. 14,465,401 shares of the company’s stock were exchanged, compared to its average volume of 42,354,453. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94. The company has a market cap of $478.56 billion, a price-to-earnings ratio of 170.19, a PEG ratio of 2.87 and a beta of 1.60. The business’s fifty day moving average price is $181.44 and its two-hundred day moving average price is $151.35.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s quarterly revenue was up 92.8% compared to the same quarter last year. Equities analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: New banking deployment: Customers Bank will deploy Palantir’s Foundry and Artificial Intelligence Platform (AIP) to modernize deposit onboarding. The agreement expands Palantir’s presence in financial services and provides another example of enterprise adoption. Customers Bank collaboration
• Positive Sentiment: Additional aviation software contract: Surf Air Mobility signed its fifth OperatorOS agreement, with Flying Zebra, for software powered by Palantir. Although the direct financial contribution is not disclosed, the deal supports broader commercial distribution of Palantir’s technology in aviation. Flying Zebra contract
• Positive Sentiment: Analyst support: Goldman Sachs upgraded Palantir to Buy from Neutral, while fresh valuation work lifted a fair-value estimate to $205.27 from $195.57. Analysts continue to cite strong execution in commercial and sovereign AI. Analyst fair-value increase
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan ended their legal dispute over a proposed Metropolitan Police contract. Removing the litigation reduces uncertainty, but there is no indication that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation and profit-taking: With a market capitalization near $477 billion and a P/E ratio above 169, investors appear concerned that much of Palantir’s exceptional growth is already priced in. The November 2 earnings report also sets a high bar after nine consecutive earnings beats.
• Negative Sentiment: Notable selling activity: ARK Invest sold approximately $6.3 million of Palantir shares while reallocating funds to other AI companies. Directors also reported sales under pre-arranged Rule 10b5-1 plans, adding to near-term caution. ARK Invest Palantir sale

About Palantir Technologies

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.