Palantir Technologies Inc. $PLTR Stock: Choreo LLC Cuts Holdings

Key Points

• Choreo LLC reduced its Palantir stake by 6.1% in the third quarter, selling 4,363 shares and retaining 66,784 shares valued at approximately $12.5 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, and EPS of $0.41, exceeding analysts’ expectations. Shares opened at $196.42, near the upper end of their 52-week range, with a market capitalization of roughly $472 billion.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and a $208.60 target price, though ratings are mixed and valuation is a concern. Insiders sold 560,390 shares worth approximately $97.9 million during the latest quarter.

Choreo LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 6.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 66,784 shares of the company's stock after selling 4,363 shares during the period. Choreo LLC's holdings in Palantir Technologies were worth $12,492,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Laurel Wealth Advisors LLC bought a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $35,000. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC increased its holdings in shares of Palantir Technologies by 51.7% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company's stock worth $41,000 after acquiring an additional 74 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in Palantir Technologies by 219.1% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company's stock valued at $41,000 after acquiring an additional 149 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in Palantir Technologies in the 1st quarter valued at $32,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $196.42 on Friday. The firm has a 50-day moving average of $186.70 and a 200-day moving average of $153.88. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The stock has a market cap of $472.01 billion, a PE ratio of 167.88, a PEG ratio of 3.51 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its 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. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The business's revenue was up 92.8% compared to the same quarter last year. Equities research analysts predict that Palantir Technologies Inc. will post 1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ryan Taylor sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the sale, the insider directly owned 274,667 shares in the company, valued at approximately $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the sale, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. This represents a 2.15% decrease in their position. 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. Insiders sold a total of 560,390 shares of company stock valued at $97,909,177 in the last quarter. Company insiders own 9.53% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research reports. Wolfe Research initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating for the company. Oppenheimer reiterated an "outperform" rating and issued a $235.00 price objective (up from $200.00) on shares of Palantir Technologies in a report on Thursday. Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a report on Wednesday. Phillip Securities lowered shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. Finally, DA Davidson raised their target price on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, September 11th. One equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $208.60.

Palantir Technologies News Summary

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

About Palantir Technologies

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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