Palantir Technologies Inc. $PLTR Shares Newly Bought by Baldwin Wealth Partners LLC MA

Key Points

• Baldwin Wealth Partners acquired 5,687 Palantir shares worth approximately $1.06 million in the third quarter, while institutional investors collectively own 45.65% of the company.
• Analyst sentiment remains positive, with Palantir holding a “Moderate Buy” consensus rating and an average price target of $200.54; ratings include 23 Buys, one Strong Buy, 10 Holds and three Sells.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, and EPS of $0.41 versus the $0.34 consensus estimate. Insiders, however, sold approximately $93.1 million of stock over the past three months, primarily through pre-arranged plans.

Baldwin Wealth Partners LLC MA purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,687 shares of the company's stock, valued at approximately $1,064,000.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted 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 buying an additional 757,322 shares during the period. State Street Corp raised its holdings in Palantir Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock worth $12,190,903,000 after acquiring an additional 2,863,874 shares during the period. Invesco Ltd. raised its holdings in Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock worth $3,984,281,000 after acquiring an additional 616,297 shares during the period. Bank of America Corp DE lifted its position in Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock worth $2,755,883,000 after acquiring an additional 4,201,852 shares during the last quarter. Finally, Amundi lifted its position in Palantir Technologies by 2.5% during the 1st quarter. Amundi now owns 16,410,400 shares of the company's stock worth $2,400,513,000 after acquiring an additional 398,093 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities restated a "buy" rating and set a $225.00 price target on shares of Palantir Technologies in a report on Wednesday, September 23rd. Northland Securities set a $200.00 price objective on Palantir Technologies in a research note on Tuesday, August 4th. Roth Capital assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating on the stock. Weiss Ratings raised Palantir Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday. Finally, Wedbush began coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an "outperform" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten 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 has a consensus rating of "Moderate Buy" and an average price target of $200.54.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade represents a 5.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 that occurred 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 sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was a 7.11% 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 three months, insiders have sold 536,364 shares of company stock valued at $93,083,303. 9.53% of the stock is currently owned by insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir and Ondas announced the formation of Regna AI, a standalone company focused on secure, sovereign and mission-specialized AI models for defense and other mission-critical operations. The platform is expected to support drones, ground vehicles, unmanned vessels and surveillance systems, potentially expanding Palantir’s defense-market reach. Ondas Announces Regna AI, Powered by Palantir, to Advance Sovereign AI
• Positive Sentiment: Analyst commentary remains broadly supportive. One report said roughly 70% of Wall Street analysts now rate PLTR a Buy, citing rising earnings estimates and AI-driven growth. Other coverage remains bullish ahead of third-quarter results, while Goldman Sachs reportedly raised its 12-month price target. Palantir's Price Tag Scared Wall Street. Why More Analysts Are Bullish
• Positive Sentiment: Palantir scheduled its third-quarter 2026 earnings release for November 2 after the U.S. market close, followed by a webcast. The event gives investors a near-term catalyst to assess whether the company can sustain its previously reported 93% revenue growth and strong commercial momentum. Palantir Announces Date of Third Quarter 2026 Earnings Release and Webcast

Palantir Technologies Trading Down 0.0%

Shares of Palantir Technologies stock opened at $209.00 on Tuesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The company's fifty day simple moving average is $179.67 and its 200-day simple moving average is $150.60. The company has a market cap of $502.24 billion, a price-to-earnings ratio of 178.63, a PEG ratio of 2.87 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business posted $0.16 EPS. The business's quarterly revenue was up 92.8% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

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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