20,875 Palantir Technologies Inc. $PLTR Shares Sold by Avestar Capital LLC

Key Points

• Avestar Capital cut its Palantir stake by 55.9% in the third quarter, selling 20,875 shares and retaining 16,483 shares valued at approximately $3.08 million.
• Institutional ownership remains substantial at 45.65%, with major investors including BlackRock, State Street and Bank of America increasing their positions.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $208.60, but Palantir’s elevated valuation— a price-to-earnings ratio near 157—leaves the stock sensitive to earnings results and guidance.

Avestar Capital LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 55.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,483 shares of the company's stock after selling 20,875 shares during the period. Avestar Capital LLC's holdings in Palantir Technologies were worth $3,083,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PLTR. BlackRock Inc. raised its position in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock worth $22,146,030,000 after buying an additional 757,322 shares in the last quarter. State Street Corp increased its stake in 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 lifted its stake in Palantir Technologies by 28.7% in 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 in the last quarter. Amundi increased its holdings in shares of Palantir Technologies by 2.5% in the 1st quarter. Amundi now owns 16,410,400 shares of the company's stock valued at $2,400,513,000 after purchasing an additional 398,093 shares during the period. Finally, Jennison Associates LLC acquired a new position in Palantir Technologies in the 1st quarter valued at approximately $1,574,111,000. Institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Phillip Securities downgraded shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. Northland Securities set a $200.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research report on Wednesday. Zacks Research lowered shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Moderate Buy" and an average price target of $208.60.

Palantir Technologies Stock Down 6.3%

Shares of Palantir Technologies stock opened at $184.11 on Friday. The stock has a market capitalization of $442.43 billion, a price-to-earnings ratio of 157.36, a price-to-earnings-growth ratio of 3.50 and a beta of 1.60. The company has a 50-day simple moving average of $186.90 and a two-hundred day simple moving average of $153.90. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business's revenue for the quarter was up 92.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.29 earnings per share for the current fiscal year.

Palantir Technologies News Summary

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 Activity

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan Taylor sold 18,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the transaction, the insider owned 274,667 shares in the company, valued at $55,249,267.05. The trade was a 6.15% 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. Over the last ninety days, insiders sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is owned by insiders.

Palantir Technologies 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.

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