Wedmont Private Capital Lowers Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Wedmont Private Capital reduced its Palantir stake by 1.2% in the third quarter, selling 3,119 shares and retaining 260,132 shares valued at approximately $51.7 million. Institutional investors collectively own 45.65% of the company.
• Palantir shares rose 3.6% to $205.89, near their 52-week high, while the company reported quarterly revenue of $1.94 billion, up 92.8% year over year, and EPS of $0.41—above analyst expectations.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $198.75, though elevated valuation and insider selling remain key risks for investors.

Wedmont Private Capital cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,132 shares of the company's stock after selling 3,119 shares during the period. Palantir Technologies comprises approximately 1.2% of Wedmont Private Capital's holdings, making the stock its 16th largest holding. Wedmont Private Capital's holdings in Palantir Technologies were worth $51,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the fourth quarter valued at $31,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $35,000. Monetary Solutions Ltd acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $36,000. Reflection Asset Management bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $35,000. Finally, Ballast Advisors LLC bought a new stake in Palantir Technologies during the first quarter worth about $29,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 3.6%

Shares of NASDAQ:PLTR traded up $7.11 during trading on Friday, hitting $205.89. 20,954,598 shares of the company's stock traded hands, compared to its average volume of 42,721,793. The company has a 50-day moving average price of $176.28 and a 200-day moving average price of $149.88. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The company has a market cap of $494.76 billion, a price-to-earnings ratio of 176.14, a price-to-earnings-growth ratio of 2.73 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies's revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. On average, analysts predict that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PLTR. DA Davidson increased their target price on Palantir Technologies from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, September 11th. President Capital upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and upped their target price for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Raymond James Financial raised Palantir Technologies from a "hold" rating to a "moderate buy" rating in a research note on Thursday. Oppenheimer cut shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Finally, Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Moderate Buy" and an average price target of $198.75.

Key Palantir Technologies News

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

• Positive Sentiment: Barclays initiated coverage at Overweight with a $265 price target, implying further upside from recent trading levels and adding another prominent bullish voice to Palantir’s analyst coverage. Barclays starts Palantir coverage
• Positive Sentiment: Goldman Sachs upgraded Palantir from Neutral to Buy and set a $230 target. The firm cited a larger addressable market driven by sovereign AI, customized applications and specialized industry solutions. The upgrade helped drive strong recent momentum in PLTR shares. Goldman Sachs upgrades Palantir
• Positive Sentiment: Investors are increasingly focused on Palantir’s reported growth outlook, including projected fiscal 2026 revenue growth of roughly 82%, strong U.S. commercial expansion and net dollar retention of 157%. CEO Alex Karp’s ambitious free-cash-flow and future-revenue commentary is raising expectations ahead of earnings. Palantir growth outlook
• Neutral Sentiment: Additional bullish commentary from Dan Ives, who named Palantir a leading 2027 technology pick, is supporting sentiment, although these views are forecasts rather than new contracts or financial results.
• Negative Sentiment: Valuation remains the principal risk. With a very high price-to-earnings multiple and the stock having nearly doubled from its June low, some analysts argue that a pullback or correction would be reasonable if upcoming results or guidance disappoint. Palantir valuation risks
• Negative Sentiment: Reported insider-trading data shows substantial sales and no open-market purchases by several executives during the past six months, a potential cautionary signal at elevated prices.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 492,348 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 company'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 of the company's stock, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 536,364 shares of company stock worth $93,083,303 over the last ninety days. 9.53% of the stock is owned by corporate insiders.

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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