Palantir Technologies Inc. $PLTR Stock Holdings Decreased by Weaver Capital Management LLC

Key Points

• Weaver Capital Management cut its Palantir position by 19% in the third quarter, selling 3,732 shares and retaining 15,924 shares valued at approximately $2.98 million. Institutional investors collectively own 45.65% of the company.
• Analyst sentiment remains broadly positive: Palantir has a consensus rating of “Moderate Buy” and an average price target of $201.61, with Mizuho raising its target to $245 and Goldman Sachs upgrading the stock to Buy.
• Insiders have continued selling shares under pre-arranged Rule 10b5-1 plans, including 18,000 shares sold by insider Ryan D. Taylor and 1,000 by director Eric H. Woersching; insiders sold $97.9 million worth of stock over the past 90 days. Palantir’s elevated valuation—about 171 times earnings—remains a key investor concern.

Weaver Capital Management LLC decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,924 shares of the company's stock after selling 3,732 shares during the quarter. Weaver Capital Management LLC's holdings in Palantir Technologies were worth $2,979,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PLTR. BlackRock Inc. raised its holdings in Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock valued at $22,146,030,000 after acquiring an additional 757,322 shares during the period. State Street Corp lifted its position 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 acquiring an additional 2,863,874 shares in the last quarter. Invesco Ltd. lifted its position 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 acquiring an additional 616,297 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Palantir Technologies by 28.7% in the first 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 period. Finally, Amundi boosted its stake in shares of Palantir Technologies by 2.5% in the first 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 period. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho increased their target price on Palantir Technologies from $215.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday. Rosenblatt Securities reissued a "buy" rating and set a $225.00 target price on shares of Palantir Technologies in a research note on Wednesday, September 23rd. Roth Capital assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating on the stock. Raymond James Financial raised Palantir Technologies from a "hold" rating to a "moderate buy" rating in a report on Thursday, October 8th. Finally, The Goldman Sachs Group upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 price target for the company in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $201.61.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 18,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was 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 directly owned 274,667 shares of the company's stock, valued at approximately $55,249,267.05. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric H. Woersching sold 1,000 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $205.00, for a total value of $205,000.00. Following the transaction, the director directly owned 3,465 shares of the company's stock, valued at approximately $710,325. The trade was a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is owned by insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir agreed to deploy its Foundry and Artificial Intelligence Platform (AIP) with Customers Bank to automate commercial-client onboarding while preserving a high-touch banking experience. The deal expands Palantir’s commercial footprint into banking and supports the company’s broader strategy of converting AI demand into recurring enterprise contracts. Palantir Customers Bank collaboration
• Positive Sentiment: Surf Air Mobility signed its fifth OperatorOS contract, with Flying Zebra, for aviation software powered by Palantir. Although the agreement is with Surf Air rather than directly with Palantir, it provides another example of AIP-related technology gaining commercial adoption. Surf Air and Flying Zebra contract
• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral, while separate valuation research lifted its fair-value estimate to approximately $205.27 from $195.57. These actions reinforce optimism about Palantir’s AI execution, commercial growth and sovereign-AI opportunities. Palantir fair value estimate
• Neutral Sentiment: Palantir cofounder Peter Thiel and Chief Technology Officer Shyam Sankar made highly controversial comments criticizing AI regulation and AI-safety advocates. The remarks may appeal to some investors but could also increase reputational or regulatory concerns; they do not directly change Palantir’s financial outlook. Palantir CTO comments
• Negative Sentiment: Valuation remains the main overhang. With Palantir trading at roughly 171 times earnings and near its 12-month high, analysts warn that substantial future growth is already priced in, leaving limited room for weaker guidance or a slowdown in AI spending. Palantir valuation concerns
• Negative Sentiment: ARK Invest, managed by Cathie Wood, sold approximately $6.3 million of Palantir shares while reallocating capital to other AI companies. Recent Rule 10b5-1 sales by Palantir directors and executives add to the perception that some insiders are monetizing the rally. ARK Invest Palantir sale
• Negative Sentiment: Investors face a high expectations bar ahead of the expected November 2 earnings report. Palantir’s strong revenue growth and repeated earnings beats support the bullish case, but they also increase the risk of profit-taking if results or forecasts fail to exceed elevated expectations. Palantir earnings expectations

Palantir Technologies Stock Performance

PLTR opened at $200.50 on Friday. The stock has a market capitalization of $481.81 billion, a price-to-earnings ratio of 171.37, a PEG ratio of 3.54 and a beta of 1.60. The company has a fifty day moving average of $182.33 and a 200 day moving average of $151.76. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 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 business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the company earned $0.16 EPS. The business's quarterly revenue was up 92.8% compared to the same quarter last year. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Palantir Technologies 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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