State of Wyoming Sells 4,791 Shares of Palantir Technologies Inc. $PLTR

State of Wyoming lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 50.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,779 shares of the company's stock after selling 4,791 shares during the period. State of Wyoming's holdings in Palantir Technologies were worth $894,000 as of its most recent SEC filing.

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Several other hedge funds also recently bought and sold shares of the company. Signature Wealth Management Partners LLC lifted its stake in Palantir Technologies by 1.0% in the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company's stock worth $961,000 after purchasing an additional 51 shares in the last quarter. Atlatl Advisers LLC boosted its holdings in Palantir Technologies by 0.4% in the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company's stock valued at $2,464,000 after purchasing an additional 53 shares during the period. Demars Financial Group LLC boosted its holdings in Palantir Technologies by 2.7% in the 3rd quarter. Demars Financial Group LLC now owns 2,054 shares of the company's stock valued at $384,000 after purchasing an additional 54 shares during the period. PFS Partners LLC grew its position in shares of Palantir Technologies by 28.9% during the 3rd quarter. PFS Partners LLC now owns 250 shares of the company's stock valued at $47,000 after purchasing an additional 56 shares in the last quarter. Finally, Brucke Financial Inc. grew its position in shares of Palantir Technologies by 1.3% during the 3rd quarter. Brucke Financial Inc. now owns 4,491 shares of the company's stock valued at $840,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PLTR shares. Wolfe Research started coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating on the stock. UBS Group lifted their price objective on Palantir Technologies from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, September 15th. Mizuho boosted their target price on Palantir Technologies from $215.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, October 15th. William Blair restated an "outperform" rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Finally, Zacks Research lowered 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-eight have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $208.60.

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View Our Latest Stock Analysis on Palantir Technologies

Insider Activity

In related news, insider Alexander C. Karp sold 492,348 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 directly owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 560,390 shares of company stock worth $97,909,177. Corporate insiders own 9.53% of the company's stock.

Key Stories Impacting Palantir Technologies

• Palantir's Q3 Bar Is Higher Than It Looks: 3 Numbers to Watch

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

• Positive Sentiment: AI demand and earnings expectations remain strong. Analysts expect third-quarter revenue to increase about 84%, supported by demand for Palantir’s Artificial Intelligence Platform (AIP) across government and commercial customers. Investors are also looking for another revenue beat and a potential increase to full-year guidance. Will Top-Line Improvement Benefit Palantir in Q3 Earnings?
• Positive Sentiment: Several analysts see additional upside. JPMorgan initiated coverage with an Overweight rating, placed Palantir on its Analyst Focus List and set a December 2027 price target of $262. Oppenheimer also raised its target to $235 from $200 and maintained an Outperform rating, citing the potential for continued revenue beats. JPMorgan starts Palantir at Overweight
• Neutral Sentiment: Earnings are the immediate catalyst. Wall Street expects exceptional revenue and profit growth, but the stock’s roughly 60% rally since its previous report has raised the bar. Investors will focus on revenue growth, commercial customer momentum and guidance when Palantir reports. Should Palantir Stock Be in Your Portfolio Before Q3 Earnings?
• Negative Sentiment: Valuation and chart weakness are limiting enthusiasm. With a market capitalization above $440 billion and a price-to-earnings ratio near 157, Palantir has substantial growth already priced in. Shares are testing their 50-day moving average near $186.70; technical analysts identify stronger support around $160–$166 if the earnings reaction disappoints. Palantir Price Forecast: Earnings Loom as Downside Risks Build
• Negative Sentiment: Market conditions are adding pressure. A broader technology sell-off and concerns about excessive AI spending have encouraged investors to adopt a more defensive stance. Morgan Stanley has retained a Hold rating, citing Palantir’s rich valuation, while a negative earnings-surprise indicator adds near-term risk. Ahead of Palantir Earnings, Here’s What Barchart Data Says

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $184.11 on Friday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm has a market cap of $442.43 billion, a PE ratio of 157.36, a PEG ratio of 3.28 and a beta of 1.60. The company has a 50 day simple moving average of $186.90 and a two-hundred day simple moving average of $153.90.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business's quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.29 earnings per share for the current year.

Palantir Technologies Profile

(Free Report)

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.

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Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

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