International Assets Investment Management LLC Sells 5,027 Shares of Palantir Technologies Inc. $PLTR

International Assets Investment Management LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 152,651 shares of the company’s stock after selling 5,027 shares during the quarter. Palantir Technologies comprises 0.5% of International Assets Investment Management LLC’s portfolio, making the stock its 12th largest holding. International Assets Investment Management LLC’s holdings in Palantir Technologies were worth $29,060,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $35,000. Cranbrook Wealth Management LLC raised its holdings in shares of Palantir Technologies by 40.7% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock valued at $37,000 after purchasing an additional 57 shares in the last quarter. Ballast Advisors LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC lifted its position in shares of Palantir Technologies by 51.7% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock worth $41,000 after purchasing an additional 74 shares during the last quarter. Finally, Dakota Community Bank & Trust NA lifted its position in shares of Palantir Technologies by 219.1% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock worth $41,000 after purchasing an additional 149 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 3.5%

Shares of PLTR traded up $5.39 during mid-day trading on Friday, hitting $160.38. 24,291,037 shares of the company’s stock were exchanged, compared to its average volume of 24,029,898. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The firm has a market capitalization of $385.40 billion, a P/E ratio of 112.15, a P/E/G ratio of 3.18 and a beta of 1.65. The business’s 50 day moving average is $185.88 and its two-hundred day moving average is $153.74.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s quarterly revenue was up 95.9% compared to the same quarter last year. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on PLTR. Royal Bank Of Canada increased their target price on Palantir Technologies from $90.00 to $130.00 and gave the company an “underperform” rating in a report on Tuesday. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Northland Securities set a $200.00 price objective on Palantir Technologies in a research report on Tuesday, August 4th. Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Mizuho raised their target price on Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $214.53.

More Palantir Technologies News

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 18,000 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was 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. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction dated 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 transaction, the director owned 46,402 shares of the company’s stock, valued at approximately $9,233,998. The trade was a 9.77% 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. Over the last three months, insiders have sold 523,716 shares of company stock worth $92,212,379. Insiders own 9.53% of the company’s stock.

Palantir Technologies Profile

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.