Palantir Technologies Inc. $PLTR Stock Sold by Cadinha & Co. LLC

Key Points

• Cadinha & Co. cut its Palantir stake by 62.7% in the third quarter, selling 21,027 shares and retaining 12,525 shares valued at approximately $2.34 million. Institutional investors collectively own 45.65% of the company.
• Analyst sentiment remains favorable but valuation is demanding. Citigroup raised its price target to $250, Barclays set a $265 target, and the stock has a consensus “Moderate Buy” rating with an average target of $203.45, while its P/E ratio exceeds 167.
• Upcoming earnings are the key catalyst. Palantir previously reported 92.8% year-over-year revenue growth and an earnings beat, but investors are watching for evidence that growth can continue to justify the company’s elevated valuation.

Cadinha & Co. LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 62.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,525 shares of the company's stock after selling 21,027 shares during the period. Cadinha & Co. LLC's holdings in Palantir Technologies were worth $2,343,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PLTR. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter worth about $29,000. Whipplewood Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $32,000. C M Bidwell & Associates Ltd. bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $35,000. Retirement Wealth Solutions LLC boosted its stake in shares of Palantir Technologies by 51.7% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company's stock worth $41,000 after buying an additional 74 shares during the last quarter. Finally, Dakota Community Bank & Trust NA boosted its stake in shares of Palantir Technologies by 219.1% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company's stock worth $41,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: Analyst support remains strong. Citi raised its price target to $250 from $245 while maintaining a Buy rating. Other Wall Street firms reportedly see targets ranging from $230 to $265, implying further upside if Palantir delivers solid third-quarter results. Citi raises Palantir stock price target
• Positive Sentiment: New partnerships broaden Palantir’s commercial opportunity. The company expanded its AI partnership with Stagwell to develop enterprise marketing solutions and elevated Aplos Data to its top-tier Vanguard: Elite partner network. Palantir also highlighted additional sovereign-AI deployments and a Knox Systems partnership focused on secure government-cloud environments. Stagwell and Palantir expand AI partnership
• Neutral Sentiment: Nov. 2 earnings are the key near-term catalyst. Analysts expect results and management’s outlook to determine whether Palantir can sustain its growth trajectory. The company’s prior quarter featured revenue growth of nearly 93% and an earnings beat, while technical analysts note that the shares are holding above an important support level.
• Negative Sentiment: Valuation is limiting investor tolerance for disappointment. With a market capitalization near $471 billion and a trailing P/E above 160, the stock already reflects years of exceptional execution. Concerns include Palantir’s projected revenue slowdown and Gartner’s warning about whether forward-deployed AI can scale economically. These risks likely contributed to profit-taking despite reassuring NATO about system controls and continued positive business announcements. Palantir: The business is booming, but the stock has a problem

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 18,000 shares of the stock in a transaction 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 sale, the insider owned 274,667 shares in the company, valued at $55,249,267.05. This represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 firm's stock in a transaction 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 completion of the transaction, the insider directly owned 56,921 shares of the company's stock, valued at $9,920,761.09. The trade was a 2.15% 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. 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 worth $97,909,177 in the last ninety days. Insiders own 9.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler reissued an "overweight" rating and issued a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Northland Securities set a $200.00 target price on Palantir Technologies in a research report on Tuesday, August 4th. Jefferies Financial Group reiterated an "underperform" rating and set a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Citigroup lifted their target price on Palantir Technologies from $245.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Barclays began coverage on shares of Palantir Technologies in a report on Friday, October 9th. They issued an "overweight" rating and a $265.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $203.45.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $196.19 on Friday. The stock has a market capitalization of $471.46 billion, a P/E ratio of 167.68, a P/E/G ratio of 3.55 and a beta of 1.60. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The stock's 50-day simple moving average is $184.30 and its 200 day simple moving average is $153.47.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.16 earnings per share. The company's revenue was up 92.8% on a year-over-year basis. Equities research analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

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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