Palantir Technologies Inc. $PLTR Holdings Lessened by Parkway Wealth Management Group LLC

Parkway Wealth Management Group LLC cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 90.8% in the third quarter, HoldingsChannel reports. The firm owned 2,522 shares of the company’s stock after selling 24,831 shares during the quarter. Parkway Wealth Management Group LLC’s holdings in Palantir Technologies were worth $472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth about $29,000. Whipplewood Advisors LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at about $32,000. Reflection Asset Management acquired a new stake in Palantir Technologies in the 4th quarter valued at about $35,000. C M Bidwell & Associates Ltd. acquired a new stake in Palantir Technologies in the 2nd quarter valued at about $35,000. Finally, Retirement Wealth Solutions LLC raised its position in Palantir Technologies by 51.7% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock valued at $41,000 after purchasing an additional 74 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

More Palantir Technologies News

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

• Positive Sentiment: Palantir announced a partnership with Knox Systems to accelerate secure software and AI deployments for federal customers operating in FedRAMP and IL5 environments. Knox’s managed-cloud and compliance capabilities could shorten government implementation timelines and strengthen Palantir’s position in defense and other mission-critical agencies. Knox and Palantir Partner to Further Accelerate Delivery of Software through Largest Federal Cloud
• Positive Sentiment: The Knox announcement prompted a rebound in PLTR shares after a recent technology-sector selloff. Analysts and commentators view the agreement, along with Palantir’s TITAN defense-system deliveries, as evidence that the company’s AI offerings are moving from pilot projects into recurring operational deployments. Why Palantir Technologies Stock Rallied Today
• Positive Sentiment: Broader AI spending and demand for sovereign AI, cybersecurity, and government data infrastructure provide a favorable backdrop for Palantir. One market commentator identified PLTR as a potentially resilient software name despite volatility in AI hardware stocks. 4 Stocks With Demand So Sticky That the AI Sell-Off Barely Touched Them at All
• Neutral Sentiment: Technical coverage remains mixed: PLTR has shown a strong uptrend and recently approached its record high, but the rally has also attracted resistance and profit-taking. Upcoming earnings on November 2 could be the next major catalyst, particularly given the company’s recent revenue growth and earnings beats. Palantir stock flashes a rare technical pattern that points to more upside
• Negative Sentiment: ARK Invest, led by Cathie Wood, reportedly sold approximately $3.6 million of Palantir while purchasing about $8.1 million of CoreWeave. The trade may weigh on sentiment by signaling that at least one prominent growth investor prefers another AI infrastructure opportunity. CoreWeave or Palantir: Cathie Wood Buys $8M of One Stock, Sells $3.6M of the Other
• Negative Sentiment: Valuation is the primary risk. With a market capitalization near $467 billion and a P/E ratio above 165, one analyst downgraded PLTR from bullish to neutral, arguing that a higher fair-value estimate still does not justify the current premium. Palantir: Higher Fair Value, But Not Enough, So I Switched From Bullish To Neutral

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Tuesday, August 4th. Phillip Securities lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Roth Capital started coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $203.28.

Insider Activity at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 5,026 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the transaction, the director directly owned 46,402 shares of the company’s stock, valued at approximately $9,233,998. This represents a 9.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan D. Taylor sold 18,000 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the transaction, the insider owned 274,667 shares in the company, valued at approximately $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. Insiders sold 560,390 shares of company stock worth $97,909,177 over the last three months. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Up 4.4%

Palantir Technologies stock opened at $194.15 on Tuesday. The company has a fifty day simple moving average of $182.99 and a 200-day simple moving average of $152.44. The stock has a market cap of $466.55 billion, a P/E ratio of 165.94, a price-to-earnings-growth ratio of 3.27 and a beta of 1.60. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. Palantir Technologies’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

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.