Palantir Technologies Inc. $PLTR Position Reduced by State of Wyoming

State of Wyoming trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 50.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,779 shares of the company’s stock after selling 4,791 shares during the period. State of Wyoming’s holdings in Palantir Technologies were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Whelan Financial purchased a new stake in shares of Palantir Technologies during the third quarter valued at approximately $374,000. Raleigh Capital Management Inc. increased its stake in shares of Palantir Technologies by 2.3% during the third quarter. Raleigh Capital Management Inc. now owns 2,801 shares of the company’s stock valued at $524,000 after buying an additional 64 shares during the period. Canopy Partners LLC raised its holdings in shares of Palantir Technologies by 22.5% during the third quarter. Canopy Partners LLC now owns 3,193 shares of the company’s stock valued at $597,000 after acquiring an additional 586 shares in the last quarter. Cranbrook Wealth Management LLC raised its holdings in shares of Palantir Technologies by 40.7% during the third quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock valued at $37,000 after acquiring an additional 57 shares in the last quarter. Finally, Glenview Trust Co raised its holdings in shares of Palantir Technologies by 11.4% during the third quarter. Glenview Trust Co now owns 6,777 shares of the company’s stock valued at $1,268,000 after acquiring an additional 696 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 Shyam Sankar sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. This represents a 5.16% 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. In the last three months, insiders have sold 560,390 shares of company stock valued at $97,909,177. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Down 6.3%

PLTR opened at $184.11 on Friday. The stock has a market cap of $442.43 billion, a PE ratio of 157.36, a PEG ratio of 3.28 and a beta of 1.60. The business has a 50 day moving average of $186.90 and a 200-day moving average of $153.90. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. Equities analysts anticipate that Palantir Technologies Inc. will post 1.29 EPS for the current year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: AI demand and earnings expectations remain strong. Analysts expect third-quarter revenue to increase about 84%, supported by demand for Palantir’s Artificial Intelligence Platform (AIP) across government and commercial customers. Investors are also looking for another revenue beat and a potential increase to full-year guidance. Will Top-Line Improvement Benefit Palantir in Q3 Earnings?
• Positive Sentiment: Several analysts see additional upside. JPMorgan initiated coverage with an Overweight rating, placed Palantir on its Analyst Focus List and set a December 2027 price target of $262. Oppenheimer also raised its target to $235 from $200 and maintained an Outperform rating, citing the potential for continued revenue beats. JPMorgan starts Palantir at Overweight
• Neutral Sentiment: Earnings are the immediate catalyst. Wall Street expects exceptional revenue and profit growth, but the stock’s roughly 60% rally since its previous report has raised the bar. Investors will focus on revenue growth, commercial customer momentum and guidance when Palantir reports. Should Palantir Stock Be in Your Portfolio Before Q3 Earnings?
• Negative Sentiment: Valuation and chart weakness are limiting enthusiasm. With a market capitalization above $440 billion and a price-to-earnings ratio near 157, Palantir has substantial growth already priced in. Shares are testing their 50-day moving average near $186.70; technical analysts identify stronger support around $160–$166 if the earnings reaction disappoints. Palantir Price Forecast: Earnings Loom as Downside Risks Build
• Negative Sentiment: Market conditions are adding pressure. A broader technology sell-off and concerns about excessive AI spending have encouraged investors to adopt a more defensive stance. Morgan Stanley has retained a Hold rating, citing Palantir’s rich valuation, while a negative earnings-surprise indicator adds near-term risk. Ahead of Palantir Earnings, Here’s What Barchart Data Says

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PLTR shares. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 8th. Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Phillip Securities lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Piper Sandler upped their price objective on shares of Palantir Technologies from $230.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Finally, Northland Securities set a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.60.

About Palantir Technologies

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.