SlateStone Wealth LLC Sells 8,362 Shares of Palantir Technologies Inc. $PLTR

SlateStone Wealth LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 11.4% in the third quarter, HoldingsChannel.com reports. The firm owned 64,700 shares of the company’s stock after selling 8,362 shares during the period. Palantir Technologies comprises 1.0% of SlateStone Wealth LLC’s holdings, making the stock its 26th largest position. SlateStone Wealth LLC’s holdings in Palantir Technologies were worth $11,803,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Decker Retirement Planning Inc. boosted its holdings in Palantir Technologies by 778.7% in the third quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after purchasing an additional 54,347 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the last quarter. Prentice Wealth Management LLC purchased a new stake in Palantir Technologies during the third quarter valued at $550,000. Watershed Private Wealth LLC boosted its position in Palantir Technologies by 75.3% in the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after purchasing an additional 3,350 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Palantir Technologies by 1.3% during the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after purchasing an additional 12,300 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 3.6%

Shares of NASDAQ PLTR opened at $134.64 on Friday. The stock has a market capitalization of $320.91 billion, a PE ratio of 214.41, a price-to-earnings-growth ratio of 3.35 and a beta of 1.64. The stock’s fifty day simple moving average is $174.49 and its two-hundred day simple moving average is $173.19. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PLTR. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday. William Blair raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday. UBS Group decreased their target price on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley boosted their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada increased their target price on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $191.95.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Blowout Q4 results and above‑street guidance supporting the long‑term growth story; investors reacted positively to accelerating U.S. commercial sales and record deal activity. Palantir rallies after bumper quarter
• Positive Sentiment: Multiple analyst upgrades and higher price targets (HSBC, Deutsche Bank, Robert W. Baird, Northland and others) lifted the buy‑side case and supplied fresh momentum after the earnings beat. HSBC Upgrades Palantir To Buy
• Positive Sentiment: Commercial partnerships and deals signal product monetization: a Cognizant partnership to integrate Palantir Foundry/AIP into healthcare and enterprise modernization expands commercial TAM. Cognizant partners with Palantir
• Neutral Sentiment: Northland Securities raised near‑ and multi‑quarter EPS forecasts and set an Outperform/$190 target — helpful for modeling but not a unanimous market signal. Northland raises estimates
• Neutral Sentiment: Minor director insider selling disclosed (400 shares sold), noted by observers but too small to alter the company’s ownership picture materially. Insider sale filing
• Negative Sentiment: Valuation concerns remain front‑and‑center: commentators and some analysts argue Palantir’s multiples are extreme versus peers, raising downside risk if growth slows. Contrarian valuation take
• Negative Sentiment: Sector rotation and profit‑taking in high‑momentum AI names have pressured PLTR after the rally; technical selling and retail flow reversals amplified the pullback. AI worries slam tech stocks
• Negative Sentiment: Some sell‑side caution/target trims (e.g., DA Davidson) and headlines about large insider/insider‑adjacent selling (reports on CEO stock sales over time) add to near‑term uncertainty. Sell‑side caution and target trims

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the transaction, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. This trade represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 308,635 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $50,613,053.65. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $97,082.08. This represents a 99.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,023,844 shares of company stock worth $167,455,085 over the last quarter. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.