Palantir Technologies Inc. $PLTR Holdings Reduced by Parallel Advisors LLC

Parallel Advisors LLC decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 198,539 shares of the company’s stock after selling 3,739 shares during the period. Parallel Advisors LLC’s holdings in Palantir Technologies were worth $37,137,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after acquiring an additional 757,322 shares during the last quarter. State Street Corp increased its position in Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares in the last quarter. Bank of America Corp DE raised its stake in Palantir Technologies by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock valued at $2,219,094,000 after purchasing an additional 180,486 shares during the last quarter. Amundi raised its stake in Palantir Technologies by 7.4% in the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after purchasing an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Palantir Technologies in the 1st quarter valued at about $1,574,111,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,055 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 58,171 shares of the company’s stock, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 523,716 shares of company stock worth $92,212,379. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Up 3.5%

Shares of NASDAQ:PLTR traded up $5.39 during midday trading on Friday, reaching $160.38. The company’s stock had a trading volume of 24,291,037 shares, compared to its average volume of 24,029,898. The firm has a market cap 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. The business has a 50 day moving average price of $185.88 and a 200 day moving average price of $153.74. 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 for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. The firm 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 business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 95.9% compared to the same quarter last year. Sell-side analysts anticipate that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent research reports. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $156.00 to $207.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. Wolfe Research started coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $235.00 price objective on shares of Palantir Technologies in a research report on Tuesday. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, KeyCorp reissued a “sector weight” rating on shares of Palantir Technologies in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $214.53.

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.