Palantir Technologies (NASDAQ:PLTR) Cut to “Hold” at Phillip Securities

Phillip Securities cut shares of Palantir Technologies (NASDAQ:PLTR) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks reports.

PLTR has been the topic of a number of other reports. Wolfe Research initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Tuesday, August 4th. Barclays assumed coverage on shares of Palantir Technologies in a research report on Friday, October 9th. They issued an “overweight” rating and a $265.00 price objective for the company. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.54.

Palantir Technologies Trading Down 3.7%

Shares of NASDAQ:PLTR opened at $200.97 on Monday. The stock has a market cap of $482.94 billion, a PE ratio of 171.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.60. The stock’s fifty day simple moving average is $181.44 and its two-hundred day simple moving average is $151.35. Palantir Technologies has a 1-year low of $106.37 and a 1-year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business’s revenue was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 EPS. On average, sell-side analysts forecast that Palantir Technologies will post 1.31 earnings per share for the current fiscal year.

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 transaction of $3,620,700.00. Following the completion of the sale, the insider directly owned 274,667 shares of the company’s stock, valued at $55,249,267.05. This trade represents a 6.15% decrease in their position. The sale was disclosed in a document filed 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 on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the sale, the director owned 46,402 shares in the company, valued at $9,233,998. The trade was a 9.77% 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. In the last 90 days, insiders have sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. raised its holdings in Palantir Technologies by 13.6% during the 3rd quarter. Mather Group LLC. now owns 23,073 shares of the company’s stock valued at $4,316,000 after acquiring an additional 2,764 shares during the period. Hudock Inc. purchased a new stake in shares of Palantir Technologies during the third quarter worth $248,000. West Wealth Group LLC purchased a new stake in shares of Palantir Technologies during the third quarter worth $276,000. Summit Financial Strategies Inc. boosted its holdings in shares of Palantir Technologies by 66.8% in the third quarter. Summit Financial Strategies Inc. now owns 4,184 shares of the company’s stock worth $783,000 after acquiring an additional 1,675 shares during the period. Finally, Fortune 45 LLC boosted its holdings in shares of Palantir Technologies by 6.4% in the third quarter. Fortune 45 LLC now owns 6,214 shares of the company’s stock worth $1,163,000 after acquiring an additional 373 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
• Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
• Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
• Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view

About Palantir Technologies

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.