Palantir Technologies Inc. $PLTR Shares Newly Bought by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division purchased 9,793 Palantir shares worth approximately $1.83 million during the third quarter. Institutional investors collectively own 45.65% of the company.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $195.33; ratings include 23 Buy or Strong Buy recommendations, 10 Holds and 3 Sells.
• Palantir recently exceeded earnings and revenue expectations, with revenue up 92.8% year over year, but its elevated valuation remains a risk. Insiders sold 536,364 shares worth roughly $93.1 million over the past three months.

Central Pacific Bank Trust Division acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,793 shares of the company's stock, valued at approximately $1,832,000.

Other large investors have also recently modified their holdings of the company. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter worth $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $31,000. Whipplewood Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter worth $32,000. Prudent Man Investment Management Inc. purchased a new position in Palantir Technologies during the 4th quarter worth $35,000. Finally, Reflection Asset Management acquired a new position in Palantir Technologies during the 4th quarter valued at about $35,000. Institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. William Blair reiterated an "outperform" rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research note on Tuesday, August 11th. Mizuho upped their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Benchmark reaffirmed a "hold" rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada reiterated an "underperform" rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Friday, July 31st. Two equities 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $195.33.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. The trade was a 3.41% 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. In the last three months, insiders sold 536,364 shares of company stock worth $93,083,303. 9.53% of the stock is currently owned by company insiders.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s AI momentum remains the primary catalyst. Analysts cite rising customer spending, adoption of its Artificial Intelligence Platform (AIP), and recent revenue growth of 92.8% year over year. The company also has a history of exceeding earnings expectations, including its most recent quarter, when it reported $0.41 in EPS versus the $0.34 consensus estimate. Palantir Stock Surges 42% in 3 Months
• Positive Sentiment: Defense momentum is strengthening the investment case. Palantir’s Maven Smart System was designated a formal government program of record, potentially supporting more durable public-sector revenue. Investors will look for continued commercial growth in the upcoming quarterly report. Palantir Defense Momentum Strengthens the Bullish Case
• Positive Sentiment: Some commentators continue to view Palantir as a potential long-term AI leader, arguing that its rapid revenue expansion could outweigh concerns raised by bearish investors such as Michael Burry. Palantir Revenue Growth and Michael Burry Bear Case
• Neutral Sentiment: A director sold 1,337 shares for approximately $254,000 under a pre-arranged Rule 10b5-1 trading plan, reducing her holdings by 2.53%. The planned, relatively small transaction is a cautionary signal but does not necessarily indicate a change in the company’s outlook. Palantir Director Sells Shares
• Negative Sentiment: Insiders at Palantir, Nvidia and Alphabet have reportedly sold a combined $17.5 billion of shares, raising concerns that company insiders view AI-related valuations as stretched even while publicly traded AI stocks remain popular. AI Insiders’ $17.5 Billion Warning
• Negative Sentiment: Valuation remains the largest risk. With Palantir trading at a very high earnings multiple after substantial gains, the company must sustain exceptional growth to justify its market capitalization. Any slowdown in AIP adoption, government spending or commercial demand could trigger a sharper pullback. Is PLTR Worth Buying?

Palantir Technologies Trading Up 0.3%

Shares of NASDAQ:PLTR opened at $189.40 on Tuesday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The company's 50 day moving average is $171.96 and its 200 day moving average is $148.99. The company has a market cap of $455.14 billion, a PE ratio of 161.88, a price-to-earnings-growth ratio of 2.65 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 analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies's revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. Equities research analysts predict that Palantir Technologies Inc. will post 1.28 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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