SlateStone Wealth LLC Has $11.80 Million Stock Holdings in Palantir Technologies Inc. $PLTR

SlateStone Wealth LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 11.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,700 shares of the company’s stock after selling 8,362 shares during the quarter. Palantir Technologies accounts for 1.0% of SlateStone Wealth LLC’s holdings, making the stock its 26th largest holding. SlateStone Wealth LLC’s holdings in Palantir Technologies were worth $11,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Financial Consulate Inc. acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $30,000. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $31,000. Flagship Wealth Advisors LLC bought a new position in Palantir Technologies in the 3rd quarter valued at approximately $32,000. Marquette Asset Management LLC acquired a new stake in Palantir Technologies in the third quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC grew its stake in shares of Palantir Technologies by 98.0% during the third quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock worth $36,000 after buying an additional 98 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. Piper Sandler reiterated an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday. Truist Financial assumed coverage on Palantir Technologies in a research note on Tuesday, January 6th. They set a “buy” rating and a $223.00 price target on the stock. Hsbc Global Res upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings lowered shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 target price on shares of Palantir Technologies in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $191.95.

Insider Activity

In other Palantir Technologies news, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the sale, the insider directly owned 413,639 shares in the company, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 12,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $181.35, for a total value of $2,176,200.00. Following the transaction, the insider owned 239,409 shares in the company, valued at $43,416,822.15. The trade was a 4.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,023,844 shares of company stock worth $167,455,085. 9.23% of the stock is owned by insiders.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Blowout Q4 results and above‑street guidance supporting the long‑term growth story; investors reacted positively to accelerating U.S. commercial sales and record deal activity. Palantir rallies after bumper quarter
• Positive Sentiment: Multiple analyst upgrades and higher price targets (HSBC, Deutsche Bank, Robert W. Baird, Northland and others) lifted the buy‑side case and supplied fresh momentum after the earnings beat. HSBC Upgrades Palantir To Buy
• Positive Sentiment: Commercial partnerships and deals signal product monetization: a Cognizant partnership to integrate Palantir Foundry/AIP into healthcare and enterprise modernization expands commercial TAM. Cognizant partners with Palantir
• Neutral Sentiment: Northland Securities raised near‑ and multi‑quarter EPS forecasts and set an Outperform/$190 target — helpful for modeling but not a unanimous market signal. Northland raises estimates
• Neutral Sentiment: Minor director insider selling disclosed (400 shares sold), noted by observers but too small to alter the company’s ownership picture materially. Insider sale filing
• Negative Sentiment: Valuation concerns remain front‑and‑center: commentators and some analysts argue Palantir’s multiples are extreme versus peers, raising downside risk if growth slows. Contrarian valuation take
• Negative Sentiment: Sector rotation and profit‑taking in high‑momentum AI names have pressured PLTR after the rally; technical selling and retail flow reversals amplified the pullback. AI worries slam tech stocks
• Negative Sentiment: Some sell‑side caution/target trims (e.g., DA Davidson) and headlines about large insider/insider‑adjacent selling (reports on CEO stock sales over time) add to near‑term uncertainty. Sell‑side caution and target trims

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $134.64 on Friday. The firm has a market cap of $320.91 billion, a price-to-earnings ratio of 214.41, a PEG ratio of 3.35 and a beta of 1.64. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The firm has a 50 day moving average price of $174.49 and a two-hundred day moving average price of $173.19.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.14 EPS. The company’s quarterly revenue was up 70.0% on a year-over-year basis. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.