T3 Companies LLC Sells 526,901 Shares of Palantir Technologies Inc. $PLTR

T3 Companies LLC decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 99.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,299 shares of the company’s stock after selling 526,901 shares during the period. T3 Companies LLC’s holdings in Palantir Technologies were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Old North State Wealth Management LLC lifted its stake in shares of Palantir Technologies by 619.2% in the third quarter. Old North State Wealth Management LLC now owns 17,016 shares of the company’s stock worth $3,183,000 after acquiring an additional 14,650 shares during the period. Titan Investment Management LLC boosted its holdings in Palantir Technologies by 44.4% in the third quarter. Titan Investment Management LLC now owns 8,748 shares of the company’s stock valued at $1,636,000 after acquiring an additional 2,688 shares during the last quarter. Strategic Planning Group LLC boosted its holdings in Palantir Technologies by 5.0% in the third quarter. Strategic Planning Group LLC now owns 55,390 shares of the company’s stock valued at $10,361,000 after acquiring an additional 2,635 shares during the last quarter. Five Oceans Advisors boosted its holdings in Palantir Technologies by 9.4% in the third quarter. Five Oceans Advisors now owns 2,085 shares of the company’s stock valued at $390,000 after acquiring an additional 180 shares during the last quarter. Finally, Virtue Asset Management LLC bought a new stake in Palantir Technologies in the third quarter valued at approximately $315,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLTR shares. Roth Capital began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Barclays initiated coverage on shares of Palantir Technologies in a research report on Friday, October 9th. They issued an “overweight” rating and a $265.00 price target on the stock. Citigroup upped their price objective on shares of Palantir Technologies from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a research report on Monday, October 12th. Finally, Yorkville Ives began coverage on shares of Palantir Technologies in a research note on Tuesday, October 6th. They set an “outperform” rating and a $250.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $203.45.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Analyst support remains strong. Citi raised its price target to $250 from $245 while maintaining a Buy rating. Other Wall Street firms reportedly see targets ranging from $230 to $265, implying further upside if Palantir delivers solid third-quarter results. Citi raises Palantir stock price target
• Positive Sentiment: New partnerships broaden Palantir’s commercial opportunity. The company expanded its AI partnership with Stagwell to develop enterprise marketing solutions and elevated Aplos Data to its top-tier Vanguard: Elite partner network. Palantir also highlighted additional sovereign-AI deployments and a Knox Systems partnership focused on secure government-cloud environments. Stagwell and Palantir expand AI partnership
• Neutral Sentiment: Nov. 2 earnings are the key near-term catalyst. Analysts expect results and management’s outlook to determine whether Palantir can sustain its growth trajectory. The company’s prior quarter featured revenue growth of nearly 93% and an earnings beat, while technical analysts note that the shares are holding above an important support level.
• Negative Sentiment: Valuation is limiting investor tolerance for disappointment. With a market capitalization near $471 billion and a trailing P/E above 160, the stock already reflects years of exceptional execution. Concerns include Palantir’s projected revenue slowdown and Gartner’s warning about whether forward-deployed AI can scale economically. These risks likely contributed to profit-taking despite reassuring NATO about system controls and continued positive business announcements. Palantir: The business is booming, but the stock has a problem

Palantir Technologies Stock Performance

Shares of PLTR opened at $196.19 on Friday. The firm has a market cap of $471.46 billion, a PE ratio of 167.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.60. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The business’s 50 day moving average price is $184.30 and its two-hundred day moving average price is $153.47.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. Research analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. 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 Alexander Karp sold 492,348 shares of the stock in a transaction on 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 transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 560,390 shares of company stock worth $97,909,177 over the last ninety days. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Company Profile

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.