Wedmont Private Capital reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 260,132 shares of the company’s stock after selling 3,119 shares during the quarter. Palantir Technologies makes up approximately 1.2% of Wedmont Private Capital’s holdings, making the stock its 16th biggest position. Wedmont Private Capital’s holdings in Palantir Technologies were worth $51,709,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Journey Retirement Planning & Investment Management LLC bought a new position in shares of Palantir Technologies in the 3rd quarter valued at about $295,000. Douglas Lane & Associates LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $218,000. Dakota Community Bank & Trust NA lifted its stake in Palantir Technologies by 219.1% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock valued at $41,000 after purchasing an additional 149 shares during the last quarter. Vilga Financial Planning LLC bought a new position in Palantir Technologies during the third quarter worth about $253,000. Finally, Breakwater Capital Group bought a new position in Palantir Technologies during the third quarter worth about $1,843,000. Institutional investors 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: Barclays initiated coverage at Overweight with a $265 price target, implying further upside from recent trading levels and adding another prominent bullish voice to Palantir’s analyst coverage. Barclays starts Palantir coverage
- Positive Sentiment: Goldman Sachs upgraded Palantir from Neutral to Buy and set a $230 target. The firm cited a larger addressable market driven by sovereign AI, customized applications and specialized industry solutions. The upgrade helped drive strong recent momentum in PLTR shares. Goldman Sachs upgrades Palantir
- Positive Sentiment: Investors are increasingly focused on Palantir’s reported growth outlook, including projected fiscal 2026 revenue growth of roughly 82%, strong U.S. commercial expansion and net dollar retention of 157%. CEO Alex Karp’s ambitious free-cash-flow and future-revenue commentary is raising expectations ahead of earnings. Palantir growth outlook
- Neutral Sentiment: Additional bullish commentary from Dan Ives, who named Palantir a leading 2027 technology pick, is supporting sentiment, although these views are forecasts rather than new contracts or financial results.
- Negative Sentiment: Valuation remains the principal risk. With a very high price-to-earnings multiple and the stock having nearly doubled from its June low, some analysts argue that a pullback or correction would be reasonable if upcoming results or guidance disappoint. Palantir valuation risks
- Negative Sentiment: Reported insider-trading data shows substantial sales and no open-market purchases by several executives during the past six months, a potential cautionary signal at elevated prices.
Palantir Technologies Stock Performance
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued 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. 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 period in the previous year, the company earned $0.16 EPS. The business’s revenue for the quarter was up 92.8% compared to the same quarter last year. On average, research analysts anticipate that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through 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 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 transaction of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 536,364 shares of company stock worth $93,083,303. Insiders own 9.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. BNP Paribas Exane assumed coverage on Palantir Technologies in a research report on Tuesday, June 16th. They issued an “underperform” rating for the company. Royal Bank Of Canada reissued an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a report on Friday, July 31st. Piper Sandler restated an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. BTIG Research downgraded Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Finally, Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.75.
View Our Latest Stock Report on PLTR
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.
Read More
- Five stocks we like better than Palantir Technologies
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR – Free Report).
Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
