3,282 Palantir Technologies Inc. $PLTR Shares Sold by Garde Capital Inc.

Key Points

• Garde Capital reduced its Palantir stake by 21.8%. The firm sold 3,282 shares during the third quarter and retained 11,758 shares valued at approximately $2.2 million. Institutional investors collectively own 45.65% of Palantir.
• Palantir exceeded third-quarter expectations. The company reported adjusted EPS of $0.44 versus the $0.41 consensus and revenue of $2.31 billion, up 95.9% year over year. Management also raised its 2026 revenue-growth outlook to 91%.
• Analyst sentiment is broadly positive, but valuation remains a concern. Palantir has a “Moderate Buy” consensus rating and an average price target of $210.30, while its P/E ratio above 150 and questions about growth durability present risks.

Garde Capital Inc. decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 21.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,758 shares of the company's stock after selling 3,282 shares during the quarter. Garde Capital Inc.'s holdings in Palantir Technologies were worth $2,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the first quarter valued at about $29,000. Whipplewood Advisors LLC acquired a new position in shares of Palantir Technologies in the first quarter worth about $32,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Palantir Technologies in the second quarter worth approximately $35,000. Laurel Wealth Advisors LLC purchased a new position in shares of Palantir Technologies in the third quarter worth approximately $35,000. Finally, Cranbrook Wealth Management LLC increased its position in shares of Palantir Technologies by 40.7% in the third quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company's stock worth $37,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Performance

PLTR stock opened at $178.34 on Tuesday. The stock has a market cap of $428.56 billion, a P/E ratio of 152.43, a P/E/G ratio of 3.51 and a beta of 1.60. The firm has a 50 day simple moving average of $186.87 and a 200 day simple moving average of $153.90. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company's revenue was up 95.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Palantir Technologies from $245.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Jefferies Financial Group reiterated an "underperform" rating and set a $80.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Wolfe Research began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating on the stock. Finally, Barclays began coverage on Palantir Technologies in a report on Friday, October 9th. They issued an "overweight" rating and a $265.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $210.30.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Q3 results exceeded expectations. Palantir reported adjusted earnings of $0.44 per share versus the $0.41 consensus estimate, while revenue reached approximately $2.313 billion, well above expectations of $2.18 billion and up about 96% year over year. Palantir tops third-quarter revenue estimates on strong AI software demand
• Positive Sentiment: Commercial growth is accelerating. U.S. commercial revenue increased roughly 148% year over year and surpassed U.S. government revenue for the first time, indicating that Palantir’s customer expansion and increased spending by existing clients are broadening its growth base. Palantir reports booming U.S. commercial revenue growth
• Positive Sentiment: Management raised its outlook. Palantir lifted its full-year 2026 revenue-growth forecast to 91% and increased its U.S. commercial revenue-growth outlook to 143%, reinforcing the bullish AI software demand narrative. Palantir Q3 2026 results and guidance
• Neutral Sentiment: Analyst opinion remains mixed. Cantor Fitzgerald raised its price target to $207 but retained a “neutral” rating, while JPMorgan initiated coverage with an “overweight” rating and a $262 target. These targets provide support, but also highlight the stock’s dependence on continued exceptional execution.
• Negative Sentiment: Valuation and growth durability are the main concerns. With Palantir trading at well over 100 times earnings, some analysts argue that much of the expected growth is already priced in. Articles also flagged a slowdown in new deals and questioned whether the company is replenishing its growth pipeline quickly enough. Those concerns likely explain the negative reaction despite the earnings and guidance beats. Palantir impressive numbers but something is missing

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan Taylor sold 18,000 shares of Palantir Technologies 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 owned 274,667 shares of the company's stock, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the transaction, the insider owned 56,921 shares in the company, valued at $9,920,761.09. This trade represents a 2.15% decrease in their position. 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. Insiders sold 560,390 shares of company stock valued at $97,909,177 in the last quarter. Corporate insiders own 9.53% of the company's stock.

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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