Palantir Technologies Inc. $PLTR Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,769,858 shares of the company’s stock after buying an additional 47,246 shares during the quarter. Pictet Asset Management Holding SA owned about 0.07% of Palantir Technologies worth $331,050,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Guardian Wealth Advisors LLC NC lifted its holdings in Palantir Technologies by 67.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock valued at $1,240,000 after purchasing an additional 4,283 shares in the last quarter. Blueprint Investment Partners LLC acquired a new position in Palantir Technologies in the 3rd quarter valued at about $2,901,000. Counterpoint Mutual Funds LLC acquired a new position in Palantir Technologies in the third quarter valued at approximately $1,255,000. Independent Financial Group LLC grew its holdings in shares of Palantir Technologies by 20.8% during the 2nd quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock worth $21,957,000 after purchasing an additional 32,427 shares during the period. Finally, World Equity Group Inc. boosted its stake in Palantir Technologies by 7.2% during the second quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock worth $5,090,000 after buying an additional 2,948 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 3.5%

Shares of NASDAQ PLTR opened at $160.38 on Friday. The stock has a market cap of $385.40 billion, a P/E ratio of 112.15, a P/E/G ratio of 3.36 and a beta of 1.65. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94. The stock has a 50 day moving average of $185.88 and a two-hundred day moving average of $153.74.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The company’s revenue for the quarter was up 95.9% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. As a group, research analysts predict that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $235.00 price objective (up from $200.00) on shares of Palantir Technologies in a research note on Thursday, October 29th. JPMorgan Chase & Co. began coverage on Palantir Technologies in a report on Thursday, October 29th. They set an “overweight” rating and a $262.00 target price for the company. Piper Sandler reaffirmed 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. Morgan Stanley boosted their price target on shares of Palantir Technologies from $205.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Phillip Securities lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and a consensus target price of $214.53.

Insider Activity

In related news, insider Ryan Taylor sold 18,000 shares of the stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the completion of the sale, the insider owned 274,667 shares in the company, valued at $55,249,267.05. This represents a 6.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 523,716 shares of company stock worth $92,212,379 over the last 90 days. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.