6,000 Palantir Technologies Inc. $PLTR Shares Sold by Lattice Capital Management LLC

Key Points

• Lattice Capital Management cut its Palantir stake by 6,000 shares, or 26.1%, in the third quarter, leaving it with 17,000 shares valued at $3.18 million—7.1% of its portfolio.
• Palantir beat quarterly earnings and revenue estimates, reporting $2.31 billion in revenue, up 95.9% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $214.53.
• Company insiders sold 523,716 shares worth about $92.2 million over the past 90 days; the article says Alexander Karp’s sale was under a pre-arranged plan and used to cover tax withholding on vested equity awards.

Lattice Capital Management LLC lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 26.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,000 shares of the company's stock after selling 6,000 shares during the quarter. Palantir Technologies comprises 7.1% of Lattice Capital Management LLC's holdings, making the stock its 6th biggest position. Lattice Capital Management LLC's holdings in Palantir Technologies were worth $3,180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Signature Wealth Management Partners LLC grew its holdings in Palantir Technologies by 1.0% in the third quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company's stock worth $961,000 after purchasing an additional 51 shares during the last quarter. Atlatl Advisers LLC increased its position in shares of Palantir Technologies by 0.4% during the third quarter. Atlatl Advisers LLC now owns 13,174 shares of the company's stock worth $2,464,000 after purchasing an additional 53 shares in the last quarter. Opinicus Capital Inc. increased its position in shares of Palantir Technologies by 2.4% during the third quarter. Opinicus Capital Inc. now owns 2,276 shares of the company's stock worth $426,000 after purchasing an additional 53 shares in the last quarter. Demars Financial Group LLC increased its position in shares of Palantir Technologies by 2.7% during the third quarter. Demars Financial Group LLC now owns 2,054 shares of the company's stock worth $384,000 after purchasing an additional 54 shares in the last quarter. Finally, PFS Partners LLC lifted its holdings in shares of Palantir Technologies by 28.9% during the 3rd quarter. PFS Partners LLC now owns 250 shares of the company's stock valued at $47,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity

In related news, insider Alexander Karp sold 492,348 shares of the company's stock in a transaction on Thursday, August 20th. The stock was 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 represents a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Eric Woersching sold 1,000 shares of the firm's stock in a transaction on Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the completion of the transaction, the director owned 3,465 shares of the company's stock, valued at $710,325. This trade represents a 22.40% 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. Over the last ninety days, insiders sold 523,716 shares of company stock valued at $92,212,379. 9.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Robert W. Baird set a $250.00 price objective on Palantir Technologies in a research report on Monday, October 12th. Barclays boosted their target price on Palantir Technologies from $265.00 to $273.00 and gave the stock an "overweight" rating in a research note on Wednesday. Jefferies Financial Group reaffirmed an "underperform" rating and set a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Cantor Fitzgerald increased their price target on Palantir Technologies from $156.00 to $207.00 and gave the company a "neutral" rating in a research note on Monday, November 2nd. Finally, Phillip Securities downgraded Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $214.53.

Palantir Technologies Trading Up 3.5%

NASDAQ:PLTR opened at $160.38 on Friday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94. The company has a market cap of $385.40 billion, a PE ratio of 112.15, a P/E/G ratio of 3.36 and a beta of 1.65. The company's 50 day moving average is $185.88 and its two-hundred day moving average is $153.74.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly 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 business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The business's quarterly revenue was up 95.9% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. As a group, analysts expect that Palantir Technologies Inc. will post 1.36 EPS for the current fiscal year.

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

Palantir Technologies Company 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.

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