Partners Wealth Management LLC Acquires New Stake in Palantir Technologies Inc. $PLTR

Partners Wealth Management LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the third quarter, Holdings Channel.com reports. The institutional investor bought 39,972 shares of the company’s stock, valued at approximately $7,477,000. Palantir Technologies comprises about 0.8% of Partners Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors also recently bought and sold shares of PLTR. BlackRock Inc. increased its position in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after purchasing an additional 757,322 shares in the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Palantir Technologies by 1.0% in the 2nd 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 grew its stake in Palantir Technologies by 7.4% during the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after buying an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in Palantir Technologies during the 1st quarter worth $1,574,111,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In related news, insider Alexander Karp sold 492,348 shares of the 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 owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the transaction, the director directly owned 46,402 shares of the company’s stock, valued at $9,233,998. This represents a 9.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,390 shares of company stock valued at $97,909,177 over the last quarter. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $196.42 on Friday. The business’s 50-day simple moving average is $186.70 and its two-hundred day simple moving average is $153.88. The company has a market cap of $472.01 billion, a PE ratio of 167.88, a PEG ratio of 3.51 and a beta of 1.60. 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 announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $0.16 earnings per share. The company’s revenue was up 92.8% on a year-over-year basis. As a group, analysts predict that Palantir Technologies Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday. Rosenblatt Securities raised their price target on Palantir Technologies from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $235.00 price objective (up from $200.00) on shares of Palantir Technologies in a research report on Thursday. Finally, Phillip Securities cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $208.60.

Palantir Technologies News Roundup

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

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating, added Palantir to its Analyst Focus List, and assigned a December 2027 price target of $262—roughly 33% above the recent share price. The bank views Palantir as a disruptive artificial-intelligence leader with further growth potential. JPMorgan starts Palantir at Overweight
• Positive Sentiment: Oppenheimer raised its price target to $235 from $200 and maintained an Outperform rating. The firm expects Palantir to beat revenue estimates and potentially raise full-year guidance, supported by continued demand for its AI software. Oppenheimer adjusts Palantir price target
• Positive Sentiment: Several outlook pieces point to accelerating commercial and government revenue, strong margins, customer expansion, and a history of earnings outperformance. Those trends could support another post-earnings rally if November 2 results and guidance exceed already-high expectations. Palantir Q3 earnings outlook
• Neutral Sentiment: Options markets imply a potential post-earnings move of approximately 11.65%, highlighting unusually high volatility and the possibility of a sharp reaction in either direction. Palantir earnings volatility
• Negative Sentiment: Valuation remains the central concern. Morgan Stanley kept a Hold rating and a $205 target, citing Palantir’s rich valuation despite strong AI-driven fundamentals. Other commentary warns that much of the expected growth is already priced into the stock, leaving little room for an earnings or guidance disappointment. Morgan Stanley maintains Palantir Hold rating
• Negative Sentiment: Rising interest rates pose an additional risk to high-multiple technology stocks such as PLTR by increasing the discount rate applied to future earnings. Investors are therefore taking profits and awaiting proof that growth can justify Palantir’s premium valuation. Rising rates and AI stocks

About Palantir Technologies

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.