T3 Companies LLC Sells 526,901 Shares of Palantir Technologies Inc. $PLTR

T3 Companies LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 99.8% in the third quarter, HoldingsChannel reports. The fund owned 1,299 shares of the company’s stock after selling 526,901 shares during the quarter. T3 Companies LLC’s holdings in Palantir Technologies were worth $243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Guardian Wealth Advisors LLC NC boosted its stake in Palantir Technologies by 67.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock valued at $1,240,000 after purchasing an additional 4,283 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Palantir Technologies during the 3rd quarter worth approximately $1,255,000. Independent Financial Group LLC raised its stake in shares of Palantir Technologies by 20.8% in the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock worth $21,957,000 after purchasing an additional 32,427 shares during the last quarter. World Equity Group Inc. raised its stake in shares of Palantir Technologies by 7.2% in the second quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock worth $5,090,000 after purchasing an additional 2,948 shares during the last quarter. Finally, Sage Capital Advisors llc raised its stake in shares of Palantir Technologies by 63.5% in the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock worth $7,810,000 after purchasing an additional 25,995 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLTR. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a report on Wednesday, September 23rd. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 8th. Finally, William Blair restated an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.45.

Palantir Technologies News Summary

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

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $196.19 on Friday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The company has a 50-day simple moving average of $184.30 and a 200 day simple moving average of $153.47. The company has a market capitalization of $471.46 billion, a PE ratio of 167.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share. As a group, analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Alexander 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 value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the sale, the director directly owned 46,402 shares in the company, valued at $9,233,998. This trade represents a 9.77% 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. Insiders have sold a total of 560,390 shares of company stock worth $97,909,177 over the last 90 days. Corporate insiders own 9.53% of the company’s stock.

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.