Palantir Technologies Inc. $PLTR Stock: Thurston Springer Miller Herd & Titak Inc. Cuts Position

Thurston Springer Miller Herd & Titak Inc. lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 80.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 995 shares of the company’s stock after selling 4,156 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Palantir Technologies were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Palantir Technologies by 0.4% during 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 increased its stake in Palantir Technologies by 2.8% in the second 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. Invesco Ltd. increased its stake in Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after purchasing an additional 616,297 shares during the last quarter. Bank of America Corp DE raised its holdings in Palantir Technologies by 28.7% during the first 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. Finally, Amundi raised its holdings in 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 purchasing an additional 398,093 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s partnership with Ondas to launch Regna AI strengthens its sovereign-defense strategy. The venture will develop specialized AI models for drones, surveillance systems, ground vehicles and unmanned vessels, potentially creating a new source of government and defense demand. Regna AI and Palantir article
• Positive Sentiment: Recent operating results remain a major support for the stock. Palantir’s latest quarter produced revenue of $1.94 billion, up 92.8% year over year, while earnings exceeded consensus estimates. Bullish analysts argue that accelerating AI adoption and raised fiscal 2026 guidance could justify further growth. Palantir AI opportunity article
• Neutral Sentiment: The legal dispute involving London Mayor Sadiq Khan over a £50 million Metropolitan Police contract has been dropped, removing a source of controversy, although the development does not immediately add confirmed revenue. Palantir London police contract article
• Negative Sentiment: Valuation concerns are limiting enthusiasm. Palantir trades at roughly 173 times earnings, and its rapid appreciation has pushed expectations well above many published analyst price targets. Michael Burry’s reported short position and broader warning that AI stocks may be peaking are adding to caution. Michael Burry Palantir short article
• Negative Sentiment: Palantir has beaten estimates nine consecutive times, but that record creates a high bar for the November 2 report. Any slowdown in growth, weaker guidance or evidence that AI spending is not converting into profits could trigger a sharper pullback. Palantir earnings expectations article
• Negative Sentiment: Insiders disclosed sales, including a director’s $1.0 million transaction and an executive’s $3.6 million sale. Both were conducted under pre-arranged Rule 10b5-1 plans, reducing their predictive value, but they can still reinforce concerns about profit-taking near record levels. Palantir insider selling article

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PLTR shares. Barclays started coverage on shares of Palantir Technologies in a research report on Friday, October 9th. They set an “overweight” rating and a $265.00 price objective for the company. Mizuho lifted their target price on Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Northland Securities set a $200.00 target price on Palantir Technologies in a report on Tuesday, August 4th. DA Davidson upped their target price on Palantir Technologies from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Finally, William Blair restated an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $200.54.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were 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 $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. This trade represents a 5.16% 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. Over the last quarter, insiders sold 559,390 shares of company stock valued at $97,704,177. Insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Down 3.0%

Shares of NASDAQ PLTR traded down $6.34 during mid-day trading on Wednesday, hitting $202.33. 12,231,207 shares of the company were exchanged, compared to its average volume of 42,433,055. The stock has a 50 day simple moving average of $180.59 and a 200-day simple moving average of $150.98. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The firm has a market cap of $486.22 billion, a price-to-earnings ratio of 172.88, a price-to-earnings-growth ratio of 2.87 and a beta of 1.60.

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

Palantir Technologies Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.