Palantir Technologies Inc. $PLTR Stock Holdings Lowered by Traynor Capital Management Inc.

Posted by Brian Himes on Nov 2nd, 2026

Traynor Capital Management Inc. reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 28.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,229 shares of the company’s stock after selling 9,086 shares during the period. Traynor Capital Management Inc.’s holdings in Palantir Technologies were worth $4,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC purchased a new position in Palantir Technologies during the third quarter valued at $207,000. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Palantir Technologies by 0.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 984,651 shares of the company’s stock valued at $184,161,000 after purchasing an additional 4,638 shares during the period. Pinkerton Wealth LLC increased its stake in shares of Palantir Technologies by 37.7% during the third quarter. Pinkerton Wealth LLC now owns 1,959 shares of the company’s stock worth $366,000 after purchasing an additional 536 shares in the last quarter. Heritage Investors Management Corp purchased a new stake in shares of Palantir Technologies during the third quarter worth about $204,000. Finally, Greenleaf Trust increased its stake in shares of Palantir Technologies by 8.9% during the third quarter. Greenleaf Trust now owns 35,318 shares of the company’s stock worth $6,606,000 after purchasing an additional 2,883 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Palantir Technologies

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

Positive Sentiment: Wall Street expects approximately $0.41 in adjusted EPS and $2.18 billion in revenue for the third quarter. Investors are looking for evidence that Palantir’s U.S. commercial momentum and AI software demand remain strong. CEO Alex Karp has described the business as compounding at an unprecedented pace, while prediction-market activity points to expectations for another earnings beat. Palantir Set to Report Earnings as Alex Karp Says Business Is Compounding
Positive Sentiment: JPMorgan initiated coverage with an Overweight rating, adding institutional support ahead of the report. Separately, Palantir is reportedly expanding sovereign-AI deployments in sensitive industries, potentially broadening its government and commercial opportunity. JPMorgan Initiates Coverage of Palantir
Neutral Sentiment: Options traders are positioning for an unusually large post-earnings move of about 13.3%. This underscores significant event risk: a beat and stronger guidance could support the stock, while any indication of slowing growth could trigger a sharp reaction. Palantir Q3 Earnings Options Activity
Negative Sentiment: Valuation remains the main concern. Palantir trades at roughly 157 times earnings, meaning much of its future AI growth is already reflected in the share price. Analysts and investors will therefore focus on revenue growth, U.S. commercial expansion, margins and forward guidance rather than simply whether results beat estimates. Palantir Stock Is Trading at 165 Times Earnings
Negative Sentiment: ETF selling has created additional technical pressure: ETFs were net sellers of approximately $112.1 million of PLTR on Thursday, while the iShares Tech-Software ETF sold $286.1 million across its portfolio, including Palantir. Recent chart analysis also identified potential support near $186 as vulnerable. ETFs Are Net Sellers of Palantir

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander Karp sold 492,348 shares of the 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 transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 560,390 shares of company stock valued at $97,909,177. Insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on PLTR. Yorkville Ives assumed coverage on Palantir Technologies in a research report on Tuesday, October 6th. They set an “outperform” rating and a $250.00 price target for the company. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Palantir Technologies in a research note on Thursday. They set an “overweight” rating and a $262.00 target price on the stock. Finally, Piper Sandler lifted their target price on shares of Palantir Technologies from $230.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and an average target price of $208.60.

Get Our Latest Analysis on PLTR

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $184.11 on Monday. The company has a fifty day simple moving average of $186.90 and a 200-day simple moving average of $153.90. The stock has a market cap of $442.43 billion, a price-to-earnings ratio of 157.36, a PEG ratio of 3.29 and a beta of 1.65. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company earned $0.16 earnings per share. The business’s revenue was up 92.8% compared to the same quarter last year. On average, analysts forecast that Palantir Technologies Inc. will post 1.29 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

(Free Report)

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.