Arta Finance Wealth Management LLC Sells 2,835 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Arta Finance Wealth Management reduced its Palantir position by 23.4% in the third quarter, selling 2,835 shares and retaining 9,258 shares valued at approximately $1.73 million.
• Institutional investors own 45.65% of Palantir, while shares recently traded near $184 with a market capitalization of about $442 billion and a high price-to-earnings ratio of 157.36.
• Palantir reported quarterly revenue of $1.94 billion and EPS of $0.41, exceeding analyst expectations, but elevated valuation and recent insider selling remain concerns ahead of upcoming earnings.

Arta Finance Wealth Management LLC lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,258 shares of the company's stock after selling 2,835 shares during the period. Palantir Technologies makes up approximately 0.8% of Arta Finance Wealth Management LLC's investment portfolio, making the stock its 29th largest position. Arta Finance Wealth Management LLC's holdings in Palantir Technologies were worth $1,732,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings 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 acquiring an additional 757,322 shares during the period. State Street Corp increased its stake in Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company's stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares during the last quarter. Bank of America Corp DE increased its stake in Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock valued at $2,755,883,000 after acquiring an additional 4,201,852 shares during the last quarter. Amundi raised its position in Palantir Technologies by 2.5% during the first 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 in the last quarter. Finally, Jennison Associates LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $1,574,111,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $184.11 on Friday. The company has a 50 day simple moving average of $186.90 and a 200 day simple moving average of $153.90. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm has a market cap of $442.43 billion, a PE ratio of 157.36, a price-to-earnings-growth ratio of 3.50 and a beta of 1.60.

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

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 18,000 shares of the business's stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the sale, the insider directly owned 274,667 shares of the company's stock, valued at $55,249,267.05. The trade was a 6.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 5,026 shares of the company'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 value of $1,000,174.00. Following the transaction, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. This trade represents a 9.77% 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. In the last 90 days, insiders sold 560,390 shares of company stock worth $97,909,177. Corporate insiders own 9.53% of the company's stock.

Key Stories Impacting Palantir Technologies

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

Analyst Ratings Changes

Several equities research analysts have weighed in on PLTR shares. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Wednesday. Cantor Fitzgerald initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued an "overweight" rating on the stock. Benchmark restated a "hold" rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Rosenblatt Securities upped their price objective on shares of Palantir Technologies from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Robert W. Baird set a $250.00 target price on shares of Palantir Technologies in a research note on Monday, October 12th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $208.60.

Palantir Technologies Company 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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