Palantir Technologies Inc. $PLTR Position Cut by Garde Capital Inc.

Garde Capital Inc. trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 21.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,758 shares of the company’s stock after selling 3,282 shares during the quarter. Garde Capital Inc.’s holdings in Palantir Technologies were worth $2,199,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Palantir Technologies by 0.3% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,281 shares of the company’s stock valued at $7,160,000 after purchasing an additional 98 shares during the period. Torren Management LLC boosted its holdings in shares of Palantir Technologies by 284.4% during the 3rd quarter. Torren Management LLC now owns 838 shares of the company’s stock worth $157,000 after buying an additional 620 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in shares of Palantir Technologies by 4.1% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 4,498 shares of the company’s stock worth $841,000 after buying an additional 179 shares during the period. BOCHK Asset Management Ltd bought a new stake in shares of Palantir Technologies during the 3rd quarter worth $561,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in Palantir Technologies by 20.1% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,379 shares of the company’s stock valued at $445,000 after buying an additional 398 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. Barclays started coverage on shares of Palantir Technologies in a report on Friday, October 9th. They issued an “overweight” rating and a $265.00 target price on the stock. Jefferies Financial Group restated an “underperform” rating and set a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. JPMorgan Chase & Co. began coverage on Palantir Technologies in a research report on Thursday, October 29th. They issued an “overweight” rating and a $262.00 price target on the stock. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. Finally, Oppenheimer reissued an “outperform” rating and set a $235.00 price objective (up from $200.00) on shares of Palantir Technologies in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $210.30.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $178.34 on Tuesday. The stock has a market cap of $428.56 billion, a P/E ratio of 152.43, a PEG ratio of 3.51 and a beta of 1.60. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The company has a fifty day moving average price of $186.87 and a 200 day moving average price of $153.90.

Palantir Technologies (NASDAQ:PLTR) last posted 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 net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business posted $0.21 EPS. The business’s quarterly revenue was up 95.9% on a year-over-year basis. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.29 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the sale, the insider directly owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Alexander Karp sold 492,348 shares of Palantir Technologies stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $97,909,177 in the last quarter. 9.53% of the stock is currently owned by insiders.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Q3 results exceeded expectations. Palantir reported adjusted earnings of $0.44 per share versus the $0.41 consensus estimate, while revenue reached approximately $2.313 billion, well above expectations of $2.18 billion and up about 96% year over year. Palantir tops third-quarter revenue estimates on strong AI software demand
• Positive Sentiment: Commercial growth is accelerating. U.S. commercial revenue increased roughly 148% year over year and surpassed U.S. government revenue for the first time, indicating that Palantir’s customer expansion and increased spending by existing clients are broadening its growth base. Palantir reports booming U.S. commercial revenue growth
• Positive Sentiment: Management raised its outlook. Palantir lifted its full-year 2026 revenue-growth forecast to 91% and increased its U.S. commercial revenue-growth outlook to 143%, reinforcing the bullish AI software demand narrative. Palantir Q3 2026 results and guidance
• Neutral Sentiment: Analyst opinion remains mixed. Cantor Fitzgerald raised its price target to $207 but retained a “neutral” rating, while JPMorgan initiated coverage with an “overweight” rating and a $262 target. These targets provide support, but also highlight the stock’s dependence on continued exceptional execution.
• Negative Sentiment: Valuation and growth durability are the main concerns. With Palantir trading at well over 100 times earnings, some analysts argue that much of the expected growth is already priced in. Articles also flagged a slowdown in new deals and questioned whether the company is replenishing its growth pipeline quickly enough. Those concerns likely explain the negative reaction despite the earnings and guidance beats. Palantir impressive numbers but something is missing

Palantir Technologies 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.