71,354 Palantir Technologies Inc. $PLTR Shares Sold by SBI Securities Co. Ltd.

Key Points

• SBI Securities reduced its Palantir stake by 13.3%, selling 71,354 shares and retaining 464,806 shares valued at approximately $86.9 million. Institutional investors collectively own 45.65% of the company.
• Analyst sentiment remains positive: Palantir has an overall “Moderate Buy” rating and an average price target of $203.45, with several firms assigning targets between $230 and $250.
• Strong growth is balanced by elevated valuation risk. Recent revenue rose 92.8% year over year and earnings beat expectations, but the stock trades at a P/E above 160; upcoming earnings and guidance are key near-term catalysts.

SBI Securities Co. Ltd. trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 464,806 shares of the company's stock after selling 71,354 shares during the period. Palantir Technologies comprises about 2.0% of SBI Securities Co. Ltd.'s portfolio, making the stock its 13th biggest position. SBI Securities Co. Ltd.'s holdings in Palantir Technologies were worth $86,942,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PLTR. Ballast Advisors LLC purchased a new position in Palantir Technologies in the first quarter worth approximately $29,000. Whipplewood Advisors LLC acquired a new position in Palantir Technologies during the 1st quarter worth approximately $32,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $35,000. Retirement Wealth Solutions LLC increased its position in shares of Palantir Technologies by 51.7% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company's stock valued at $41,000 after purchasing an additional 74 shares during the last quarter. Finally, Dakota Community Bank & Trust NA increased its position in shares of Palantir Technologies by 219.1% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company's stock valued at $41,000 after purchasing an additional 149 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler restated an "overweight" rating and issued a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Wolfe Research assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating for the company. Raymond James Financial raised Palantir Technologies from a "hold" rating to a "moderate buy" rating in a report on Thursday, October 8th. Mizuho raised their price target on Palantir Technologies from $215.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, October 15th. Finally, Robert W. Baird set a $250.00 price target on Palantir Technologies in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $203.45.

Palantir Technologies Stock Down 2.7%

Shares of PLTR stock opened at $196.19 on Friday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The firm's 50 day moving average price is $184.30 and its two-hundred day moving average price is $153.47. The stock has a market cap of $471.46 billion, a price-to-earnings ratio of 167.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (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 for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company posted $0.16 earnings per share. Palantir Technologies's revenue was up 92.8% on a year-over-year basis. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Analyst support remains strong. Citi raised its price target to $250 from $245 while maintaining a Buy rating. Other Wall Street firms reportedly see targets ranging from $230 to $265, implying further upside if Palantir delivers solid third-quarter results. Citi raises Palantir stock price target
• Positive Sentiment: New partnerships broaden Palantir’s commercial opportunity. The company expanded its AI partnership with Stagwell to develop enterprise marketing solutions and elevated Aplos Data to its top-tier Vanguard: Elite partner network. Palantir also highlighted additional sovereign-AI deployments and a Knox Systems partnership focused on secure government-cloud environments. Stagwell and Palantir expand AI partnership
• Neutral Sentiment: Nov. 2 earnings are the key near-term catalyst. Analysts expect results and management’s outlook to determine whether Palantir can sustain its growth trajectory. The company’s prior quarter featured revenue growth of nearly 93% and an earnings beat, while technical analysts note that the shares are holding above an important support level.
• Negative Sentiment: Valuation is limiting investor tolerance for disappointment. With a market capitalization near $471 billion and a trailing P/E above 160, the stock already reflects years of exceptional execution. Concerns include Palantir’s projected revenue slowdown and Gartner’s warning about whether forward-deployed AI can scale economically. These risks likely contributed to profit-taking despite reassuring NATO about system controls and continued positive business announcements. Palantir: The business is booming, but the stock has a problem

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 35,000 shares of the firm's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares of the company's stock, valued at approximately $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The sale 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 Alexander C. Karp sold 492,348 shares of Palantir Technologies 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 sale, 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 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. Insiders have sold 560,390 shares of company stock worth $97,909,177 in the last quarter. 9.53% of the stock is currently owned by corporate 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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