Watershed Private Wealth LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 68.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,159 shares of the company’s stock after purchasing an additional 2,904 shares during the period. Watershed Private Wealth LLC’s holdings in Palantir Technologies were worth $1,339,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after buying an additional 757,322 shares during the last quarter. State Street Corp lifted its holdings in Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after acquiring an additional 2,863,874 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of 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 worth $2,219,094,000 after purchasing an additional 180,486 shares during the last quarter. Amundi lifted its stake in Palantir Technologies by 7.4% in the second quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after buying an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Palantir Technologies during the 1st quarter valued at about $1,574,111,000. Institutional investors and hedge funds own 45.65% of the company’s stock.
Insider Buying and Selling
In other news, Director Eric Woersching sold 1,000 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total value of $205,000.00. Following the sale, the director owned 3,465 shares of the company’s stock, valued at approximately $710,325. This represents a 22.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the sale, the insider directly owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This represents a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 557,358 shares of company stock worth $97,408,897 in the last three months. Company insiders own 9.53% of the company’s stock.
Palantir Technologies Stock Down 1.6%
PLTR opened at $175.40 on Wednesday. The stock’s 50 day moving average price is $186.86 and its two-hundred day moving average price is $153.89. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94. The firm has a market capitalization of $421.50 billion, a P/E ratio of 122.66, a price-to-earnings-growth ratio of 3.18 and a beta of 1.65.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 32.87%. The firm’s revenue was up 95.9% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.29 earnings per share for the current year.
Key Stories Impacting Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir beat estimates, reporting third-quarter revenue of $2.31 billion, up 96% year over year, and adjusted earnings of $0.44 per share. U.S. commercial revenue grew 148% to $984 million, surpassing U.S. government revenue for the first time. Palantir reports booming U.S. commercial revenue growth
- Positive Sentiment: Management raised its 2026 revenue outlook to about $8.5 billion, above consensus, and forecast fourth-quarter revenue of $2.6 billion to $2.7 billion. The company also cited strong demand for its AI products. Palantir Q3 earnings call highlights
- Positive Sentiment: Some analysts raised price targets after the results, pointing to Palantir’s growth and raised outlook. These upgrades offer support for the bullish case, though they have not erased investor concerns. Analysts raise price targets after Q3
- Neutral Sentiment: Palantir says some customers are using shorter Sovereign AI contracts while evaluating models, which it expects could expand over time. That may explain part of the bookings slowdown, but leaves uncertainty about when current demand will convert into longer-term commitments. Palantir growth and contract trends
- Negative Sentiment: Bookings were the main near-term concern: total contract value increased just 6% year over year, versus 49% in the previous quarter, while U.S. commercial contract value growth slowed sharply. Investors worry that slower new commitments could eventually temper the exceptional revenue growth. Analysts cite slower bookings growth
- Negative Sentiment: Valuation also amplifies the risk: investors appear to expect continued rapid growth, making even a slowdown in bookings a potential trigger for selling after the earnings beat. Palantir and high earnings expectations
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. initiated coverage on Palantir Technologies in a research note on Thursday, October 29th. They set an “overweight” rating and a $262.00 price objective for the company. Wolfe Research assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating on the stock. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $235.00 target price (up from $231.00) on shares of Palantir Technologies in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.86.
Read Our Latest Research Report on Palantir Technologies
Palantir Technologies Profile
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.
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