4,363 Palantir Technologies Inc. $PLTR Shares Sold by Choreo LLC

Choreo LLC decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 66,784 shares of the company’s stock after selling 4,363 shares during the period. Choreo LLC’s holdings in Palantir Technologies were worth $12,492,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PLTR. BlackRock Inc. raised its position in Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares in the last quarter. State Street Corp lifted its stake in Palantir Technologies by 2.8% during the second 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. Bank of America Corp DE boosted its holdings in shares of Palantir Technologies by 28.7% in the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares in the last quarter. Amundi boosted its holdings in shares of Palantir Technologies by 2.5% in the 1st quarter. Amundi now owns 16,410,400 shares of the company’s stock valued at $2,400,513,000 after purchasing an additional 398,093 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $1,574,111,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PLTR shares. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Raymond James Financial upgraded Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 8th. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued an “overweight” rating on the stock. Finally, Robert W. Baird set a $250.00 target price on Palantir Technologies in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $208.60.

Palantir Technologies Price Performance

PLTR stock opened at $196.42 on Friday. The stock has a market cap of $472.01 billion, a price-to-earnings ratio of 167.88, a P/E/G ratio of 3.51 and a beta of 1.60. The company has a 50 day simple moving average of $186.70 and a 200 day simple moving average of $153.88. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business posted $0.16 earnings per share. The company’s quarterly revenue was up 92.8% on a year-over-year basis. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 1.29 EPS for the current fiscal year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating, added Palantir to its Analyst Focus List, and assigned a December 2027 price target of $262—roughly 33% above the recent share price. The bank views Palantir as a disruptive artificial-intelligence leader with further growth potential. JPMorgan starts Palantir at Overweight
• Positive Sentiment: Oppenheimer raised its price target to $235 from $200 and maintained an Outperform rating. The firm expects Palantir to beat revenue estimates and potentially raise full-year guidance, supported by continued demand for its AI software. Oppenheimer adjusts Palantir price target
• Positive Sentiment: Several outlook pieces point to accelerating commercial and government revenue, strong margins, customer expansion, and a history of earnings outperformance. Those trends could support another post-earnings rally if November 2 results and guidance exceed already-high expectations. Palantir Q3 earnings outlook
• Neutral Sentiment: Options markets imply a potential post-earnings move of approximately 11.65%, highlighting unusually high volatility and the possibility of a sharp reaction in either direction. Palantir earnings volatility
• Negative Sentiment: Valuation remains the central concern. Morgan Stanley kept a Hold rating and a $205 target, citing Palantir’s rich valuation despite strong AI-driven fundamentals. Other commentary warns that much of the expected growth is already priced into the stock, leaving little room for an earnings or guidance disappointment. Morgan Stanley maintains Palantir Hold rating
• Negative Sentiment: Rising interest rates pose an additional risk to high-multiple technology stocks such as PLTR by increasing the discount rate applied to future earnings. Investors are therefore taking profits and awaiting proof that growth can justify Palantir’s premium valuation. Rising rates and AI stocks

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the transaction, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. This represents a 3.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction on Thursday, October 8th. The shares were 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 owned 46,402 shares of the company’s stock, valued at $9,233,998. The trade was a 9.77% 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. In the last ninety days, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is owned by company insiders.

About Palantir Technologies

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.