47,246 Palantir Technologies Inc. $PLTR Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,769,858 shares of the company’s stock after buying an additional 47,246 shares during the period. Pictet Asset Management Holding SA’s holdings in Palantir Technologies were worth $331,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of PLTR. Guardian Wealth Advisors LLC NC grew its position in shares of Palantir Technologies by 67.5% in the second 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 during the last quarter. Blueprint Investment Partners LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $2,901,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $1,255,000. Independent Financial Group LLC lifted its position in shares of Palantir Technologies by 20.8% in the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock valued at $21,957,000 after acquiring an additional 32,427 shares in the last quarter. Finally, World Equity Group Inc. lifted its holdings in Palantir Technologies by 7.2% in the 2nd quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock valued at $5,090,000 after purchasing an additional 2,948 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

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

Several equities research analysts have recently issued reports on the company. DA Davidson restated a “buy” rating and set a $250.00 price objective on shares of Palantir Technologies in a report on Tuesday, November 3rd. Mizuho increased their price objective on shares of Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Wolfe Research initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating on the stock. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Yorkville Ives started coverage on Palantir Technologies in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $250.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and an average target price of $214.53.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $160.38 on Friday. The firm 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 1-year low of $106.37 and a 1-year high of $212.94. The firm has a fifty day moving average of $185.88 and a two-hundred day moving average of $153.74.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $0.21 earnings per share. Palantir Technologies’s quarterly revenue was up 95.9% on a year-over-year basis. On average, sell-side analysts expect that Palantir Technologies Inc. will post 1.36 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, Director Eric Woersching sold 1,000 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the sale, the director owned 3,465 shares in the company, valued at $710,325. This represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This trade represents 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. Over the last quarter, insiders have sold 523,716 shares of company stock worth $92,212,379. 9.53% of the stock is owned by company insiders.

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.