SBI Securities Co. Ltd. Sells 71,354 Shares of Palantir Technologies Inc. $PLTR

SBI Securities Co. Ltd. decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 464,806 shares of the company’s stock after selling 71,354 shares during the quarter. Palantir Technologies accounts for 2.0% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 13th biggest holding. SBI Securities Co. Ltd.’s holdings in Palantir Technologies were worth $86,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the company. Signature Wealth Management Partners LLC increased its position in shares of Palantir Technologies by 1.0% during the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company’s stock valued at $961,000 after purchasing an additional 51 shares during the period. PFS Partners LLC raised its stake in shares of Palantir Technologies by 28.9% in the 3rd quarter. PFS Partners LLC now owns 250 shares of the company’s stock worth $47,000 after buying an additional 56 shares in the last quarter. Ring Mountain Capital LLC lifted its holdings 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 valued at $1,109,000 after buying an additional 60 shares during the period. BCGM Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 2.0% in the second 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 during the period. Finally, JDM Financial Group LLC lifted its holdings in shares of Palantir Technologies by 20.9% in the second quarter. JDM Financial Group LLC now owns 388 shares of the company’s stock valued at $45,000 after buying an additional 67 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Roundup

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

Palantir Technologies stock 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 firm has a market capitalization of $471.46 billion, a price-to-earnings ratio of 167.68, a P/E/G ratio of 3.55 and a beta of 1.60. The company has a 50 day moving average price of $184.30 and a 200 day moving average price of $153.47.

Palantir Technologies (NASDAQ:PLTR) last announced 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 net margin of 49.01% and a return on equity of 30.57%. The company’s revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. Equities analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a report on Tuesday, August 4th. Phillip Securities lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Cantor Fitzgerald started coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.45.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander Karp sold 492,348 shares of the company’s stock in a transaction 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 transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Shyam Sankar sold 35,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 valued at $97,909,177 in the last ninety days. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Company Profile

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.