CenterBook Partners LP Sells 64,724 Shares of Palantir Technologies Inc. $PLTR

CenterBook Partners LP cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 47.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 70,369 shares of the company’s stock after selling 64,724 shares during the period. CenterBook Partners LP’s holdings in Palantir Technologies were worth $13,163,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PLTR. Canvas Wealth Advisors LLC lifted its position in shares of Palantir Technologies by 2.0% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 134,806 shares of the company’s stock valued at $26,479,000 after acquiring an additional 2,595 shares in the last quarter. Asset One Wealth Management LLC boosted its position in Palantir Technologies by 18.0% during the third quarter. Asset One Wealth Management LLC now owns 31,497 shares of the company’s stock valued at $5,892,000 after purchasing an additional 4,806 shares during the last quarter. Heritage Family Offices LLP grew its stake in shares of Palantir Technologies by 18.7% in the 3rd quarter. Heritage Family Offices LLP now owns 3,298 shares of the company’s stock valued at $617,000 after buying an additional 520 shares in the last quarter. Allegiance Financial Group Advisory Services LLC lifted its stake in shares of Palantir Technologies by 1.7% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 8,193 shares of the company’s stock valued at $1,533,000 after purchasing an additional 137 shares during the last quarter. Finally, Waldron Private Wealth LLC increased its position in Palantir Technologies by 0.9% during the third quarter. Waldron Private Wealth LLC now owns 8,749 shares of the company’s stock worth $1,637,000 after buying an additional 79 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Monday, October 26th. JPMorgan Chase & Co. assumed coverage on shares of Palantir Technologies in a research note on Thursday, October 29th. They issued an “overweight” rating and a $262.00 price objective on the stock. Weiss Ratings raised shares of Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. DA Davidson reiterated a “buy” rating and issued a $250.00 price objective on shares of Palantir Technologies in a research report on Tuesday. Finally, UBS Group reaffirmed a “buy” rating on shares of Palantir Technologies in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $214.53.

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 value of $359,275.65. Following the completion of the transaction, the insider owned 58,171 shares of the company’s stock, valued at $10,170,035.93. The trade was a 3.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was 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 $9,233,998. The trade was a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 523,716 shares of company stock worth $92,212,379 over the last ninety days. 9.53% of the stock is owned by corporate insiders.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Palantir Technologies Trading Up 3.5%

Shares of Palantir Technologies stock traded up $5.39 during midday trading on Friday, reaching $160.38. The company had a trading volume of 24,291,037 shares, compared to its average volume of 24,029,898. The stock has a fifty day simple moving average of $185.88 and a 200 day simple moving average of $153.74. The company has a market capitalization of $385.40 billion, a price-to-earnings ratio of 112.15, a price-to-earnings-growth ratio of 3.18 and a beta of 1.65. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 32.87%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the company posted $0.21 EPS. The company’s revenue was up 95.9% compared to the same quarter last year. Sell-side analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Palantir Technologies Company Profile

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.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.