Palantir Technologies Inc. $PLTR Shares Purchased by N10 Wealth LLC

Key Points

• N10 Wealth increased its Palantir stake by 19.1% in the third quarter, bringing its holdings to 72,570 shares valued at approximately $13.6 million. Institutional investors own 45.65% of the company.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and earnings beating estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $200.54.
• Shares traded down 3.1% to $202.13 amid valuation concerns, with a price-to-earnings ratio of about 173. Insiders also sold roughly $97.7 million of stock during the past quarter, though the disclosed transactions were made under pre-arranged trading plans.

N10 Wealth LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,570 shares of the company's stock after acquiring an additional 11,656 shares during the period. Palantir Technologies comprises about 3.8% of N10 Wealth LLC's portfolio, making the stock its 11th largest position. N10 Wealth LLC's holdings in Palantir Technologies were worth $13,574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake 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 purchasing an additional 757,322 shares during the period. State Street Corp lifted its holdings in shares of 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 purchasing an additional 2,863,874 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock valued at $3,984,281,000 after purchasing an additional 616,297 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Palantir Technologies by 1.0% during the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company's stock worth $2,219,094,000 after buying an additional 180,486 shares during the period. Finally, Amundi boosted its position in shares of Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company's stock worth $2,056,082,000 after buying an additional 1,212,653 shares during the period. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. DA Davidson increased their price objective on Palantir Technologies from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, September 11th. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating on the stock. BTIG Research downgraded shares of Palantir Technologies to a "neutral" rating in a report on Tuesday, June 16th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price objective on shares of Palantir Technologies in a research report on Wednesday, September 23rd. Finally, Mizuho boosted their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $200.54.

Palantir Technologies Stock Down 3.1%

Shares of NASDAQ:PLTR traded down $6.54 during midday trading on Wednesday, reaching $202.13. The company had a trading volume of 12,401,309 shares, compared to its average volume of 42,435,695. The business's 50 day moving average price is $180.59 and its 200 day moving average price is $150.98. The stock has a market cap of $485.73 billion, a PE ratio of 172.66, a P/E/G ratio of 2.87 and a beta of 1.60. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94.

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 for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The business's revenue was up 92.8% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. On average, research analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Friedman Stat sold 5,026 shares of the firm's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the sale, the director owned 46,402 shares of the company's stock, valued at $9,233,998. This trade represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan D. Taylor sold 18,000 shares of the company's stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the completion of the transaction, the insider owned 274,667 shares in the company, valued at approximately $55,249,267.05. This represents a 6.15% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 559,390 shares of company stock worth $97,704,177. Corporate insiders own 9.53% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s partnership with Ondas to launch Regna AI strengthens its sovereign-defense strategy. The venture will develop specialized AI models for drones, surveillance systems, ground vehicles and unmanned vessels, potentially creating a new source of government and defense demand. Regna AI and Palantir article
• Positive Sentiment: Recent operating results remain a major support for the stock. Palantir’s latest quarter produced revenue of $1.94 billion, up 92.8% year over year, while earnings exceeded consensus estimates. Bullish analysts argue that accelerating AI adoption and raised fiscal 2026 guidance could justify further growth. Palantir AI opportunity article
• Neutral Sentiment: The legal dispute involving London Mayor Sadiq Khan over a £50 million Metropolitan Police contract has been dropped, removing a source of controversy, although the development does not immediately add confirmed revenue. Palantir London police contract article
• Negative Sentiment: Valuation concerns are limiting enthusiasm. Palantir trades at roughly 173 times earnings, and its rapid appreciation has pushed expectations well above many published analyst price targets. Michael Burry’s reported short position and broader warning that AI stocks may be peaking are adding to caution. Michael Burry Palantir short article
• Negative Sentiment: Palantir has beaten estimates nine consecutive times, but that record creates a high bar for the November 2 report. Any slowdown in growth, weaker guidance or evidence that AI spending is not converting into profits could trigger a sharper pullback. Palantir earnings expectations article
• Negative Sentiment: Insiders disclosed sales, including a director’s $1.0 million transaction and an executive’s $3.6 million sale. Both were conducted under pre-arranged Rule 10b5-1 plans, reducing their predictive value, but they can still reinforce concerns about profit-taking near record levels. Palantir insider selling article

Palantir Technologies Company Profile

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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