Palantir Technologies Inc. $PLTR Stock: Three Magnolias Financial Advisors LLC Lowers Position

Key Points

• Three Magnolias Financial Advisors reduced its Palantir stake by 19.1% in the third quarter, selling 4,650 shares and retaining 19,705 shares valued at approximately $3.69 million. Institutional investors collectively own 45.65% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $200.54, although recommendations range from Strong Buy to Sell.
• Palantir reported strong quarterly performance, including 92.8% year-over-year revenue growth to $1.94 billion and an earnings beat, but its valuation remains a concern with a P/E ratio near 173. Insiders also sold shares under pre-arranged Rule 10b5-1 plans.

Three Magnolias Financial Advisors LLC cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,705 shares of the company's stock after selling 4,650 shares during the period. Palantir Technologies comprises about 2.2% of Three Magnolias Financial Advisors LLC's investment portfolio, making the stock its 15th biggest position. Three Magnolias Financial Advisors LLC's holdings in Palantir Technologies were worth $3,686,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Ring Mountain Capital LLC raised its stake in shares of Palantir Technologies by 1.0% in the third quarter. Ring Mountain Capital LLC now owns 5,931 shares of the company's stock worth $1,109,000 after buying an additional 60 shares during the period. BCGM Wealth Management LLC lifted its position in shares of Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock valued at $374,000 after buying an additional 64 shares in the last quarter. JDM Financial Group LLC lifted its position in shares of Palantir Technologies by 20.9% during the 2nd quarter. JDM Financial Group LLC now owns 388 shares of the company's stock valued at $45,000 after buying an additional 67 shares in the last quarter. LifeSteps Financial Inc. grew its stake in shares of Palantir Technologies by 4.9% during the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock valued at $217,000 after acquiring an additional 69 shares during the period. Finally, IFC & Insurance Marketing Inc. grew its stake in shares of Palantir Technologies by 4.0% during the 1st quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company's stock valued at $264,000 after acquiring an additional 70 shares during the period. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PLTR. Barclays began coverage on shares of Palantir Technologies in a report on Friday, October 9th. They issued an "overweight" rating and a $265.00 target price for the company. Oppenheimer downgraded shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. Mizuho lifted their price target on shares of Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Wolfe Research initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating for the company. Finally, Weiss Ratings upgraded shares of Palantir Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $200.54.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s partnership with Ondas to launch Regna AI strengthens its sovereign-defense strategy. The venture will develop specialized AI models for drones, surveillance systems, ground vehicles and unmanned vessels, potentially creating a new source of government and defense demand. Regna AI and Palantir article
• Positive Sentiment: Recent operating results remain a major support for the stock. Palantir’s latest quarter produced revenue of $1.94 billion, up 92.8% year over year, while earnings exceeded consensus estimates. Bullish analysts argue that accelerating AI adoption and raised fiscal 2026 guidance could justify further growth. Palantir AI opportunity article
• Neutral Sentiment: The legal dispute involving London Mayor Sadiq Khan over a £50 million Metropolitan Police contract has been dropped, removing a source of controversy, although the development does not immediately add confirmed revenue. Palantir London police contract article
• Negative Sentiment: Valuation concerns are limiting enthusiasm. Palantir trades at roughly 173 times earnings, and its rapid appreciation has pushed expectations well above many published analyst price targets. Michael Burry’s reported short position and broader warning that AI stocks may be peaking are adding to caution. Michael Burry Palantir short article
• Negative Sentiment: Palantir has beaten estimates nine consecutive times, but that record creates a high bar for the November 2 report. Any slowdown in growth, weaker guidance or evidence that AI spending is not converting into profits could trigger a sharper pullback. Palantir earnings expectations article
• Negative Sentiment: Insiders disclosed sales, including a director’s $1.0 million transaction and an executive’s $3.6 million sale. Both were conducted under pre-arranged Rule 10b5-1 plans, reducing their predictive value, but they can still reinforce concerns about profit-taking near record levels. Palantir insider selling article

Insiders Place Their Bets

In other news, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The transaction 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 2,055 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the transaction, the insider directly owned 58,171 shares in the company, valued at $10,170,035.93. This trade represents a 3.41% 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 559,390 shares of company stock worth $97,704,177 over the last ninety days. 9.53% of the stock is owned by company insiders.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded down $6.54 during mid-day trading on Wednesday, reaching $202.13. The company's stock had a trading volume of 12,401,309 shares, compared to its average volume of 42,435,695. The firm has a market capitalization of $485.73 billion, a PE ratio of 172.66, a P/E/G ratio of 2.87 and a beta of 1.60. The stock has a fifty day moving average of $180.59 and a two-hundred day moving average of $150.98. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm's quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. Analysts anticipate that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal 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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