Palantir Technologies Inc. $PLTR Stock: Root Financial Partners LLC Trims Position

Root Financial Partners LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 36.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,887 shares of the company’s stock after selling 5,612 shares during the quarter. Root Financial Partners LLC’s holdings in Palantir Technologies were worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Precedent Wealth Partners LLC grew its position in shares of Palantir Technologies by 26.1% in the third quarter. Precedent Wealth Partners LLC now owns 3,160 shares of the company’s stock valued at $591,000 after purchasing an additional 655 shares in the last quarter. McCarley & Cook Financial Planners lifted its holdings in Palantir Technologies by 2,518.2% during the 3rd quarter. McCarley & Cook Financial Planners now owns 288 shares of the company’s stock worth $54,000 after purchasing an additional 277 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Palantir Technologies by 17.3% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 778 shares of the company’s stock worth $146,000 after purchasing an additional 115 shares in the last quarter. Woodward Diversified Capital LLC bought a new position in Palantir Technologies in the 3rd quarter worth about $318,000. Finally, Obermeyer Wealth Partners bought a new position in Palantir Technologies in the 3rd quarter worth about $212,000. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PLTR. Robert W. Baird set a $250.00 target price on Palantir Technologies in a report on Monday, October 12th. The Goldman Sachs Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 price target on the stock in a research report on Thursday, October 8th. Raymond James Financial raised shares of Palantir Technologies from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 8th. Citigroup upped their target price on shares of Palantir Technologies from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.45.

Palantir Technologies Stock Down 2.7%

Shares of NASDAQ PLTR opened at $196.19 on Friday. The stock’s 50-day simple moving average is $184.30 and its two-hundred day simple moving average is $153.47. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94. The firm has a market capitalization of $471.46 billion, a P/E ratio of 167.68, a P/E/G ratio of 3.55 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping 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 return on equity of 30.57% and a net margin of 49.01%. Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 1,250 shares of the 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 transaction, the insider owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This represents a 2.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the transaction, the director directly owned 46,402 shares in the company, valued at $9,233,998. The trade was a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 560,390 shares of company stock valued at $97,909,177 over the last three months. Corporate insiders own 9.53% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Analyst support remains strong. Citi raised its price target to $250 from $245 while maintaining a Buy rating. Other Wall Street firms reportedly see targets ranging from $230 to $265, implying further upside if Palantir delivers solid third-quarter results. Citi raises Palantir stock price target
• Positive Sentiment: New partnerships broaden Palantir’s commercial opportunity. The company expanded its AI partnership with Stagwell to develop enterprise marketing solutions and elevated Aplos Data to its top-tier Vanguard: Elite partner network. Palantir also highlighted additional sovereign-AI deployments and a Knox Systems partnership focused on secure government-cloud environments. Stagwell and Palantir expand AI partnership
• Neutral Sentiment: Nov. 2 earnings are the key near-term catalyst. Analysts expect results and management’s outlook to determine whether Palantir can sustain its growth trajectory. The company’s prior quarter featured revenue growth of nearly 93% and an earnings beat, while technical analysts note that the shares are holding above an important support level.
• Negative Sentiment: Valuation is limiting investor tolerance for disappointment. With a market capitalization near $471 billion and a trailing P/E above 160, the stock already reflects years of exceptional execution. Concerns include Palantir’s projected revenue slowdown and Gartner’s warning about whether forward-deployed AI can scale economically. These risks likely contributed to profit-taking despite reassuring NATO about system controls and continued positive business announcements. Palantir: The business is booming, but the stock has a problem

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.