Palantir Technologies Inc. $PLTR Shares Sold by Profund Advisors LLC

Profund Advisors LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,137 shares of the company’s stock after selling 14,760 shares during the quarter. Palantir Technologies comprises 1.0% of Profund Advisors LLC’s holdings, making the stock its 18th largest holding. Profund Advisors LLC’s holdings in Palantir Technologies were worth $33,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. BlackRock Inc. grew its position in shares of Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after buying an additional 757,322 shares during the last quarter. State Street Corp lifted its holdings in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after purchasing an additional 2,863,874 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Palantir Technologies by 28.7% in the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after purchasing an additional 4,201,852 shares in the last quarter. Amundi grew its stake in shares of Palantir Technologies by 2.5% during the first quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after acquiring an additional 398,093 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Palantir Technologies in the first quarter worth $1,574,111,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $184.11 on Friday. The firm’s 50-day moving average is $186.90 and its two-hundred day moving average is $153.90. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The company has a market capitalization of $442.43 billion, a PE ratio of 157.36, a price-to-earnings-growth ratio of 3.28 and a beta of 1.60.

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

More Palantir Technologies News

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 Analyst Weigh In

Several brokerages recently issued reports on PLTR. JPMorgan Chase & Co. started coverage on shares of Palantir Technologies in a report on Thursday. They set an “overweight” rating and a $262.00 target price for the company. Jefferies Financial Group reiterated an “underperform” rating and set a $80.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Royal Bank Of Canada reissued an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday. 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. Finally, UBS Group upped their target price on shares of Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.60.

Insider Activity at Palantir Technologies

In related news, Director Lauren Friedman Stat sold 5,026 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $199.00, for a total value of $1,000,174.00. Following the sale, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. The trade was a 9.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan Taylor sold 18,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The shares were 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 owned 274,667 shares of the company’s stock, valued at $55,249,267.05. This trade represents a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,390 shares of company stock valued at $97,909,177 over the last 90 days. Corporate insiders own 9.53% of the company’s stock.

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.