Palantir Technologies Inc. $PLTR Stock: SVB Wealth LLC Trims Holdings

SVB Wealth LLC cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 14.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,900 shares of the company’s stock after selling 4,445 shares during the quarter. SVB Wealth LLC’s holdings in Palantir Technologies were worth $5,032,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC NC lifted its position in Palantir Technologies by 67.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after buying an additional 4,283 shares during the period. Blueprint Investment Partners LLC acquired a new position in Palantir Technologies during the third quarter worth approximately $2,901,000. Counterpoint Mutual Funds LLC acquired a new position in Palantir Technologies during the third quarter worth approximately $1,255,000. Independent Financial Group LLC increased its holdings in shares of Palantir Technologies by 20.8% during the 2nd quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock worth $21,957,000 after buying an additional 32,427 shares during the last quarter. Finally, World Equity Group Inc. raised its holdings in shares of Palantir Technologies by 7.2% in the 2nd quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock worth $5,090,000 after purchasing an additional 2,948 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In related news, Director Eric Woersching sold 1,000 shares of Palantir Technologies stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the sale, the director directly owned 3,465 shares in the company, valued at $710,325. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan Taylor sold 18,000 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the completion of the sale, the insider directly owned 274,667 shares of the company’s stock, valued at $55,249,267.05. The trade was a 6.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 523,716 shares of company stock valued at $92,212,379. 9.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research reports. Weiss Ratings raised shares of Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. assumed coverage on Palantir Technologies in a research report on Thursday, October 29th. They issued an “overweight” rating and a $262.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and issued a $260.00 target price on shares of Palantir Technologies in a research note on Tuesday, November 3rd. Citigroup raised their price objective on Palantir Technologies from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Finally, Raymond James Financial set a $255.00 target price on Palantir Technologies in a research note on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.76.

Recent Palantir Technologies Headlines

These are some of the PLTR headlines that stood out recently:

• Positive Sentiment: Palantir reported quarterly revenue of $2.31 billion, up 95.9% year over year, and EPS of $0.44, beating estimates for both. Some analysts and commentators argue that the company’s enterprise AI growth story remains intact; one article also highlights 165% customer retention as a sign of expansion potential. Article: Palantir: 165% Retention Signals The Next Enterprise AI Boom
• Negative Sentiment: Investors are focused on weaker bookings indicators despite the revenue beat: total contract value reportedly grew just 6% year over year, versus 49% in the prior quarter, while U.S. commercial contract value fell sequentially. These figures raise questions about whether sales momentum can sustain recent growth. Article: Palantir (PLTR) Stock Slips Despite Strong AI Revenue
• Negative Sentiment: Valuation is another headwind: several reports argue that even rapid growth may not justify the stock’s high price, leaving little room for disappointment. Rising dilution is also cited as a concern. Article: Palantir Grew Revenue 96%. The Stock Fell 5%.

Palantir Technologies Price Performance

PLTR opened at $171.58 on Friday. The stock’s 50 day moving average price is $185.08 and its 200 day moving average price is $153.81. The stock has a market cap of $412.32 billion, a P/E ratio of 119.99, a P/E/G ratio of 3.48 and a beta of 1.65. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 95.9% on a year-over-year basis. Equities analysts anticipate that Palantir Technologies Inc. will post 1.36 EPS for the current year.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.