Palantir Technologies Inc. $PLTR Stock: Modera Wealth Management LLC Cuts Holdings

Modera Wealth Management LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.4% during the 3rd quarter, Holdings Channel reports. The firm owned 15,599 shares of the company’s stock after selling 5,307 shares during the period. Modera Wealth Management LLC’s holdings in Palantir Technologies were worth $2,918,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PLTR. Jennison Associates LLC bought a new stake in shares of Palantir Technologies during the first quarter worth approximately $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its stake in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after acquiring an additional 7,678,747 shares during the last quarter. Bank of America Corp DE grew its holdings in Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after acquiring an additional 4,201,852 shares during the period. Janus Henderson Group PLC grew its holdings in Palantir Technologies by 795.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock worth $480,247,000 after acquiring an additional 2,952,079 shares during the period. Finally, State Street Corp grew its holdings in Palantir Technologies by 2.8% during the 2nd 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. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $184.11 on Monday. The business’s 50-day simple moving average is $186.90 and its 200-day simple moving average is $153.90. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The stock has a market capitalization of $442.43 billion, a PE ratio of 157.36, a price-to-earnings-growth ratio of 3.29 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (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 return on equity of 30.57% and a net margin of 49.01%. Palantir Technologies’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. On average, research analysts expect that Palantir Technologies Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. JPMorgan Chase & Co. assumed coverage on Palantir Technologies in a research note on Thursday. They issued an “overweight” rating and a $262.00 target price on the stock. Wolfe Research began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating on the stock. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued an “overweight” rating for the company. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Raymond James Financial upgraded shares of Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.60.

Key Palantir Technologies News

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

Insider Transactions at Palantir Technologies

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 of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, insider Shyam Sankar sold 35,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. This trade represents a 5.16% decrease in their position. 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 90 days, insiders have sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Company Profile

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.