Palantir Technologies Inc. $PLTR Stock Position Cut by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,199 shares of the company’s stock after selling 7,036 shares during the period. State of Alaska Department of Revenue’s holdings in Palantir Technologies were worth $50,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Gunderson Capital Management LLC purchased a new stake in Palantir Technologies during the 3rd quarter valued at $11,747,000. Turtle Creek Wealth Advisors LLC raised its stake in shares of Palantir Technologies by 39.8% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 18,728 shares of the company’s stock worth $3,503,000 after purchasing an additional 5,329 shares during the last quarter. Purus Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 0.4% during the third quarter. Purus Wealth Management LLC now owns 23,318 shares of the company’s stock valued at $4,362,000 after purchasing an additional 87 shares in the last quarter. Nvwm LLC lifted its holdings in shares of Palantir Technologies by 3.6% during the third quarter. Nvwm LLC now owns 12,229 shares of the company’s stock valued at $2,287,000 after purchasing an additional 428 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its holdings in shares of Palantir Technologies by 14.3% during the third quarter. HBW Advisory Services LLC now owns 9,459 shares of the company’s stock valued at $1,769,000 after purchasing an additional 1,183 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded down $1.81 during trading on Thursday, hitting $199.16. The company’s stock had a trading volume of 15,112,129 shares, compared to its average volume of 42,356,574. The company has a 50-day moving average of $181.44 and a 200-day moving average of $151.35. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. The firm has a market cap of $478.59 billion, a price-to-earnings ratio of 170.22, a P/E/G ratio of 2.87 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last announced its 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 company had revenue of $1.94 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 earnings per share. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Key Palantir Technologies News

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

• Positive Sentiment: Customers Bank announced plans to deploy Palantir’s Foundry and Artificial Intelligence Platform (AIP) to modernize deposit onboarding. The collaboration supports Palantir’s expansion into AI-native banking and commercial financial services. Customers Bank collaboration
• Positive Sentiment: Surf Air Mobility signed its fifth OperatorOS contract, this time with Flying Zebra. The aviation software is powered by Palantir, providing another example of AIP-related adoption and potential recurring commercial revenue. Surf Air Mobility contract
• Positive Sentiment: Goldman Sachs reportedly upgraded Palantir to Buy from Neutral, while separate valuation work raised a fair-value estimate to approximately $205.27 from $195.57. These actions reinforce the bullish view that Palantir is executing well in commercial and sovereign AI markets. Analyst valuation update
• Neutral Sentiment: Palantir’s CTO continued criticizing AI “doomsday” narratives and emphasizing the technology’s economic utility. The comments may appeal to supporters of the company’s defense-focused strategy but are unlikely to materially change near-term earnings expectations. Palantir CTO comments
• Negative Sentiment: Valuation remains the central pressure point. With Palantir trading at a very high earnings multiple after a powerful recent rally, investors may be taking profits and demanding continued exceptional growth ahead of the company’s November 2 earnings report. Palantir valuation concerns
• Negative Sentiment: ARK Invest, led by Cathie Wood, sold approximately $6.3 million of Palantir while buying other AI stocks. Insider sales disclosed under pre-arranged Rule 10b5-1 plans added to the cautious tone, although such transactions do not necessarily signal deteriorating fundamentals. ARK Invest Palantir sale
• Negative Sentiment: Palantir also lagged amid a broader rotation within AI and enterprise software, as investors favored competing names such as ServiceNow and Salesforce. The relative weakness highlights how much positive growth is already priced into PLTR.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLTR shares. Citigroup downgraded Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Wolfe Research initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of Palantir Technologies in a research note on Wednesday, September 23rd. The Goldman Sachs Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 price objective for the company in a report on Thursday, October 8th. Finally, Piper Sandler reissued an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Moderate Buy” and a consensus price target of $201.61.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 18,000 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the sale, the insider directly owned 274,667 shares in the company, valued at $55,249,267.05. This represents a 6.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the transaction, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% 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. Over the last ninety days, insiders have sold 560,390 shares of company stock worth $97,909,177. Insiders own 9.53% of the company’s stock.

Palantir Technologies Company 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.