Palantir Technologies Inc. $PLTR Stock: Bosman Wealth Management LLC Trims Holdings

Key Points

• Bosman Wealth Management cut its Palantir stake by 8.8% in the third quarter, selling 6,186 shares and retaining 63,760 shares valued at approximately $11.9 million. Palantir remains the firm’s third-largest holding, representing 7.3% of its portfolio.
• Institutional ownership remains significant at 45.65%, with BlackRock, State Street, Bank of America and Amundi increasing their positions while Jennison Associates established a new stake.
• Analyst sentiment is broadly positive, with an average “Moderate Buy” rating and a $208.60 price target, though concerns remain about Palantir’s rich valuation and elevated earnings volatility ahead of its results.

Bosman Wealth Management LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,760 shares of the company's stock after selling 6,186 shares during the quarter. Palantir Technologies comprises 7.3% of Bosman Wealth Management LLC's portfolio, making the stock its 3rd largest holding. Bosman Wealth Management LLC's holdings in Palantir Technologies were worth $11,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in 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 in the last quarter. State Street Corp raised its position in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock worth $12,190,903,000 after buying an additional 2,863,874 shares in the last quarter. Bank of America Corp DE raised its position in shares of Palantir Technologies by 1.0% during the 2nd 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 in the last quarter. Amundi raised its position in shares of Palantir Technologies by 7.4% during the 2nd 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 in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $1,574,111,000. 45.65% of the stock is owned by institutional investors.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating, added Palantir to its Analyst Focus List, and assigned a December 2027 price target of $262—roughly 33% above the recent share price. The bank views Palantir as a disruptive artificial-intelligence leader with further growth potential. JPMorgan starts Palantir at Overweight
• Positive Sentiment: Oppenheimer raised its price target to $235 from $200 and maintained an Outperform rating. The firm expects Palantir to beat revenue estimates and potentially raise full-year guidance, supported by continued demand for its AI software. Oppenheimer adjusts Palantir price target
• Positive Sentiment: Several outlook pieces point to accelerating commercial and government revenue, strong margins, customer expansion, and a history of earnings outperformance. Those trends could support another post-earnings rally if November 2 results and guidance exceed already-high expectations. Palantir Q3 earnings outlook
• Neutral Sentiment: Options markets imply a potential post-earnings move of approximately 11.65%, highlighting unusually high volatility and the possibility of a sharp reaction in either direction. Palantir earnings volatility
• Negative Sentiment: Valuation remains the central concern. Morgan Stanley kept a Hold rating and a $205 target, citing Palantir’s rich valuation despite strong AI-driven fundamentals. Other commentary warns that much of the expected growth is already priced into the stock, leaving little room for an earnings or guidance disappointment. Morgan Stanley maintains Palantir Hold rating
• Negative Sentiment: Rising interest rates pose an additional risk to high-multiple technology stocks such as PLTR by increasing the discount rate applied to future earnings. Investors are therefore taking profits and awaiting proof that growth can justify Palantir’s premium valuation. Rising rates and AI stocks

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PLTR. The Goldman Sachs Group upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 price objective for the company in a report on Thursday, October 8th. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 11th. JPMorgan Chase & Co. started coverage on Palantir Technologies in a report on Thursday. They set an "overweight" rating and a $262.00 target price on the stock. Phillip Securities downgraded Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. Finally, Raymond James Financial raised Palantir Technologies from a "hold" rating to a "moderate buy" rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $208.60.

Palantir Technologies Trading Down 0.2%

Shares of NASDAQ PLTR opened at $196.42 on Friday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94. The company has a market capitalization of $472.01 billion, a price-to-earnings ratio of 167.88, a PEG ratio of 3.51 and a beta of 1.60. The firm has a 50-day moving average of $186.70 and a two-hundred day moving average of $153.88.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate 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%. The business's revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, Director Eric Woersching sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the sale, the director directly owned 3,465 shares in the company, valued at approximately $710,325. This trade represents a 22.40% decrease in their ownership of the stock. 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, insider Alexander 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 transaction of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents 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 quarter, insiders sold 560,390 shares of company stock valued at $97,909,177. Corporate insiders own 9.53% of the company's stock.

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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