Palantir Technologies Inc. $PLTR Stock Sold by Modera Wealth Management LLC

Key Points

• Modera Wealth Management reduced its Palantir position by 25.4% in the third quarter, selling 5,307 shares and retaining 15,599 shares valued at approximately $2.9 million.
• Other major institutions, including BlackRock, State Street and Bank of America, increased their holdings; institutional investors collectively own 45.65% of Palantir, while insiders sold approximately $97.9 million in shares during the latest quarter.
• Wall Street maintains a “Moderate Buy” consensus with an average price target of $208.60, but Palantir’s elevated valuation—roughly 157 times earnings—leaves the stock vulnerable if upcoming results or guidance disappoint.

Modera Wealth Management LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,599 shares of the company's stock after selling 5,307 shares during the period. Modera Wealth Management LLC's holdings in Palantir Technologies were worth $2,918,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in Palantir Technologies by 0.4% in the second 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 increased its holdings in shares of Palantir Technologies by 2.8% during the second 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 increased its holdings in shares of Palantir Technologies by 28.7% during 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 buying an additional 4,201,852 shares in the last quarter. Amundi increased its holdings in shares of Palantir Technologies by 2.5% during the first quarter. Amundi now owns 16,410,400 shares of the company's stock worth $2,400,513,000 after buying an additional 398,093 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Palantir Technologies in the first quarter valued at approximately $1,574,111,000. Institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PLTR. Oppenheimer reissued an "outperform" rating and issued a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a report on Thursday. DA Davidson raised their price target on Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a report on Friday, September 11th. Piper Sandler raised their price target on Palantir Technologies from $230.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, October 23rd. Wolfe Research started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating for the company. Finally, Benchmark reissued a "hold" rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.60.

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 shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the transaction, the insider owned 274,667 shares in the company, valued at $55,249,267.05. The trade was a 6.15% decrease in their position. The transaction was disclosed in a document filed 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 the business's 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 of the company's stock, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. 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 have sold a total of 560,390 shares of company stock valued at $97,909,177 over the last quarter. Company insiders own 9.53% of the company's stock.

Palantir Technologies Stock Performance

PLTR opened at $184.11 on Monday. The stock has a market capitalization of $442.43 billion, a PE ratio of 157.36, a PEG ratio of 3.29 and a beta of 1.65. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The firm has a 50-day moving average price of $186.90 and a two-hundred day moving average price of $153.90.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share 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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The company's revenue was up 92.8% on a year-over-year basis. On average, research analysts predict that Palantir Technologies Inc. will post 1.29 EPS for the current year.

Key Palantir Technologies News

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

• Positive Sentiment: AI demand and earnings expectations remain strong. Analysts expect third-quarter revenue to increase about 84%, supported by demand for Palantir’s Artificial Intelligence Platform (AIP) across government and commercial customers. Investors are also looking for another revenue beat and a potential increase to full-year guidance. Will Top-Line Improvement Benefit Palantir in Q3 Earnings?
• Positive Sentiment: Several analysts see additional upside. JPMorgan initiated coverage with an Overweight rating, placed Palantir on its Analyst Focus List and set a December 2027 price target of $262. Oppenheimer also raised its target to $235 from $200 and maintained an Outperform rating, citing the potential for continued revenue beats. JPMorgan starts Palantir at Overweight
• Neutral Sentiment: Earnings are the immediate catalyst. Wall Street expects exceptional revenue and profit growth, but the stock’s roughly 60% rally since its previous report has raised the bar. Investors will focus on revenue growth, commercial customer momentum and guidance when Palantir reports. Should Palantir Stock Be in Your Portfolio Before Q3 Earnings?
• Negative Sentiment: Valuation and chart weakness are limiting enthusiasm. With a market capitalization above $440 billion and a price-to-earnings ratio near 157, Palantir has substantial growth already priced in. Shares are testing their 50-day moving average near $186.70; technical analysts identify stronger support around $160–$166 if the earnings reaction disappoints. Palantir Price Forecast: Earnings Loom as Downside Risks Build
• Negative Sentiment: Market conditions are adding pressure. A broader technology sell-off and concerns about excessive AI spending have encouraged investors to adopt a more defensive stance. Morgan Stanley has retained a Hold rating, citing Palantir’s rich valuation, while a negative earnings-surprise indicator adds near-term risk. Ahead of Palantir Earnings, Here’s What Barchart Data Says

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.