CenterBook Partners LP Sells 64,724 Shares of Palantir Technologies Inc. $PLTR

CenterBook Partners LP lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 47.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 70,369 shares of the company’s stock after selling 64,724 shares during the period. CenterBook Partners LP’s holdings in Palantir Technologies were worth $13,163,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings 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 boosted its stake in shares of Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after acquiring an additional 2,863,874 shares during the period. Bank of America Corp DE grew its position in shares of Palantir Technologies by 1.0% during the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after purchasing an additional 180,486 shares in the last quarter. Amundi raised its stake in Palantir Technologies by 7.4% during the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after purchasing an additional 1,212,653 shares during the period. Finally, Jennison Associates LLC bought a new position in Palantir Technologies in the 1st quarter worth approximately $1,574,111,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

PLTR has been the topic of several research analyst reports. Northland Securities set a $200.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Phillip Securities cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Mizuho upped their target price on shares of Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Rosenblatt Securities reissued a “buy” rating and issued a $260.00 price objective on shares of Palantir Technologies in a research note on Tuesday. Finally, Robert W. Baird set a $250.00 target price on Palantir Technologies in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.53.

Palantir Technologies Stock Up 3.5%

Shares of Palantir Technologies stock traded up $5.39 during mid-day trading on Friday, reaching $160.38. 24,291,037 shares of the stock traded hands, compared to its average volume of 24,029,898. The business has a 50-day moving average of $185.88 and a 200 day moving average of $153.74. The stock has a market capitalization of $385.40 billion, a PE ratio of 112.15, a PEG ratio of 3.18 and a beta of 1.65. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 32.87%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the firm earned $0.21 EPS. Palantir Technologies’s revenue was up 95.9% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Trending Headlines about Palantir Technologies

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

Palantir Technologies 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.