Palantir Technologies Inc. $PLTR Holdings Raised by Worth Asset Management LLC

Key Points

• Worth Asset Management increased its Palantir stake by 69.8% in the third quarter, holding 6,681 shares valued at approximately $1.25 million. Institutional investors collectively own 45.65% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $195.33; UBS and DA Davidson raised their targets to $250.
• Palantir reported strong quarterly results, including 92.8% year-over-year revenue growth to $1.94 billion and EPS of $0.41 versus a $0.34 estimate. However, insiders sold $93.1 million of stock over the past 90 days, while the valuation remains elevated at more than 160 times earnings.

Worth Asset Management LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 69.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,681 shares of the company's stock after purchasing an additional 2,747 shares during the period. Worth Asset Management LLC's holdings in Palantir Technologies were worth $1,250,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock valued at $22,146,030,000 after buying an additional 757,322 shares during the period. State Street Corp increased its stake in Palantir Technologies by 2.8% during the second 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 during the period. Invesco Ltd. lifted its position in shares of Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock worth $3,984,281,000 after purchasing an additional 616,297 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Palantir Technologies by 28.7% during the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock worth $2,755,883,000 after purchasing an additional 4,201,852 shares in the last quarter. Finally, Amundi boosted its stake in shares of Palantir Technologies by 2.5% in 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 during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group upped their target price on shares of Palantir Technologies from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, September 15th. Roth Capital began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. BNP Paribas Exane started coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an "underperform" rating on the stock. Wedbush started coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an "outperform" rating for the company. Finally, DA Davidson boosted their target price on Palantir Technologies from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $195.33.

Insiders Place Their Bets

In other news, Director Lauren Friedman Stat sold 3,032 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director directly owned 54,107 shares of the company's stock, valued at approximately $8,927,655. This represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the transaction, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last ninety days, insiders sold 536,364 shares of company stock worth $93,083,303. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 0.7%

Palantir Technologies stock traded up $1.43 during trading on Wednesday, reaching $193.50. The stock had a trading volume of 8,778,639 shares, compared to its average volume of 42,803,828. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The stock has a market cap of $464.99 billion, a PE ratio of 165.52, a P/E/G ratio of 2.66 and a beta of 1.60. The business has a 50 day moving average price of $173.33 and a 200 day moving average price of $149.27.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company's quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 1.28 EPS for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir expanded its sovereign AI strategy by partnering with Armada to combine its Sovereign AI Operating System with modular data centers. The offering is intended for customers that want greater control over infrastructure, data and model weights, potentially broadening Palantir’s commercial and government opportunity. Palantir Is Betting on Sovereign AI to Help Take Its Stock Higher
• Positive Sentiment: Analyst Daniel Ives reportedly favors Palantir over Oracle, while other Wall Street coverage remains constructive. Bulls point to Palantir’s rapidly growing revenue, profitability and positioning in the expected expansion of enterprise AI spending. Palantir vs. Oracle
• Positive Sentiment: Several articles maintain that Palantir is a stronger long-term AI and data-platform investment than Snowflake, citing its already-established profits, customer adoption and ability to fund growth internally. Palantir or Snowflake
• Neutral Sentiment: Palantir’s latest reported quarter remains a key support for the bullish thesis: revenue rose 92.8% year over year to $1.94 billion and EPS exceeded estimates. However, investors now expect continued exceptional execution ahead of the next earnings report.
• Negative Sentiment: Valuation is limiting enthusiasm. With a market capitalization near $460 billion and a P/E ratio above 160, the stock has little room for slower growth or disappointing guidance after its substantial recent rally. Can Palantir Justify Its Multiple?
• Negative Sentiment: Investor Michael Burry has become more bearish on Palantir and other AI leaders, using longer-dated put options based on his expectation of a potential AI-sector downturn. A director also sold 1,337 shares under a pre-arranged Rule 10b5-1 plan, adding modest selling pressure but providing limited evidence about fundamentals. Michael Burry’s Bearish View

About Palantir Technologies

Palantir Technologies Inc NASDAQ: PLTR develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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