Westwind Capital Sells 4,360 Shares of Palantir Technologies Inc. $PLTR

Posted by Brenda Bartman on Oct 8th, 2026

Westwind Capital reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 63,624 shares of the company’s stock after selling 4,360 shares during the quarter. Palantir Technologies makes up 2.9% of Westwind Capital’s investment portfolio, making the stock its 10th largest holding. Westwind Capital’s holdings in Palantir Technologies were worth $11,901,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. BlackRock Inc. raised its holdings in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after acquiring an additional 757,322 shares during the period. State Street Corp lifted its position in shares of 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 during the last quarter. Invesco Ltd. boosted its stake in Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after purchasing an additional 616,297 shares during the period. Bank of America Corp DE grew its holdings 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 buying an additional 180,486 shares during the last quarter. Finally, Amundi increased its position in Palantir Technologies by 7.4% in the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after buying an additional 1,212,653 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 35,000 shares of the firm’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 completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 1,337 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $189.95, for a total value of $253,963.15. Following the completion of the transaction, the director directly owned 51,428 shares in the company, valued at approximately $9,768,748.60. This represents a 2.53% 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 have sold 536,364 shares of company stock valued at $93,083,303 in the last 90 days. Insiders own 9.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLTR. Barclays assumed coverage on shares of Palantir Technologies in a research note on Thursday. They issued an “overweight” rating and a $265.00 price objective on the stock. Jefferies Financial Group reissued an “underperform” rating and set a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Citigroup lowered Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $198.75.

Get Our Latest Research Report on PLTR

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded up $4.66 during midday trading on Thursday, reaching $198.78. 41,797,813 shares of the company traded hands, compared to its average volume of 42,837,207. The stock’s 50-day simple moving average is $174.75 and its 200-day simple moving average is $149.54. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm has a market cap of $477.68 billion, a PE ratio of 169.90, a PEG ratio of 2.70 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.28 EPS for the current year.

Trending Headlines about Palantir Technologies

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

Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target. Analyst Gabriela Borges said demand for sovereign AI, bespoke software and specialized industry applications could significantly expand Palantir’s addressable market. Goldman Sachs upgrades Palantir to Buy with $230 target
Positive Sentiment: The upgrade reinforces the view that Palantir’s AI opportunity extends beyond its existing government and commercial software businesses. Coverage highlighted sovereign AI—countries and organizations controlling their own infrastructure, data and models—as a potential new growth market. Palantir gets Goldman Sachs upgrade as sovereign AI opens a new market
Positive Sentiment: Reports on Palantir’s Maven expansion and its partnership-oriented sovereign-AI strategy suggest the company is seeking to broaden deployments across defense and other strategic customers. Investors view this as evidence that its platforms may scale into larger, mission-critical contracts. What does Palantir Maven expansion mean for AI growth?
Positive Sentiment: Other bullish commentary, including Dan Ives’ selection of Palantir as a top AI stock, is adding momentum to the narrative that enterprise and government AI spending remains in its early stages. Dan Ives names Palantir a top AI pick
Neutral Sentiment: The bullish thesis comes with a demanding valuation: Palantir trades at roughly 170 times earnings based on the provided background data. Investors will likely require continued exceptional revenue growth and contract momentum to justify the premium multiple.
Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, providing a counterpoint to Goldman’s upgrade. Palantir rating lowered to Hold by Zacks
Negative Sentiment: Recent reporting also points to substantial insider selling, with executives selling shares but making no reported open-market purchases over the past six months. Separately, Michael Burry has reportedly used longer-dated put options against Palantir, reflecting concerns about AI-sector valuations and a potential slowdown.

Palantir Technologies Profile

(Free Report)

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.