Truist Financial Corp Sells 7,971 Shares of Palantir Technologies Inc. $PLTR

Truist Financial Corp lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 529,029 shares of the company’s stock after selling 7,971 shares during the quarter. Truist Financial Corp’s holdings in Palantir Technologies were worth $96,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Adamsbrown Wealth Consultants LLC bought a new stake in Palantir Technologies in the third quarter valued at $299,000. AGH Wealth Advisors LLC lifted its position in shares of Palantir Technologies by 9.9% in the 3rd quarter. AGH Wealth Advisors LLC now owns 4,420 shares of the company’s stock worth $806,000 after purchasing an additional 399 shares during the period. Investment Advisory Group LLC boosted its stake in shares of Palantir Technologies by 3.3% during the 3rd quarter. Investment Advisory Group LLC now owns 3,494 shares of the company’s stock valued at $637,000 after purchasing an additional 112 shares in the last quarter. One Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 31.2% during the 3rd quarter. One Wealth Advisors LLC now owns 3,340 shares of the company’s stock valued at $609,000 after purchasing an additional 795 shares in the last quarter. Finally, Wealthspan Partners LLC purchased a new position in shares of Palantir Technologies during the third quarter valued at about $225,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Strong retail interest—especially among younger investors—has helped sustain momentum and trading volume, supporting demand for PLTR shares. 3 Reasons Gen Z Likes Palantir Stock
• Positive Sentiment: Some analysts are turning bullish on AI-led growth, initiating coverage or raising targets based on Palantir’s commercial expansion and AI product positioning. This provides a constructive fundamental backdrop. Analyst Sees Strong AI-Led Growth in Palantir (PLTR), Starts Buy
• Positive Sentiment: Expectations for robust Q4 results and continued government/commercial contract wins are keeping longer‑term conviction intact ahead of the report. Palantir Stock (PLTR): Can Q4 Earnings Support Its 100%+ Rally?
• Neutral Sentiment: Earnings timing = volatility catalyst — investors are watching the Feb. 2 Q4 report; that event is likely driving short‑term flows but is neutral until results arrive. Dear Palantir Stock Fans, Mark Your Calendars for February 2
• Neutral Sentiment: Talent flow: a former Palantir engineer launched a well‑funded cyber AI startup — notable for the ecosystem but not an immediate earnings impact. Ex-Palantir engineer raises $40 million for cyber startup Outtake, with backing from Microsoft CEO Nadella
• Negative Sentiment: Bear case re‑surfacing — an RBC analyst warned PLTR could fall substantially (to ~$50) citing valuation and insider selling, triggering defensive selling by some investors. This Analyst Warns Palantir Stock Could Plunge to $50. Should You Sell Shares Now?
• Negative Sentiment: Mixed analyst targets and caution about an elevated valuation are increasing downside risk for short‑term holders; price targets remain dispersed. What Are Wall Street Analysts’ Target Price for Palantir Technologies Stock?
• Negative Sentiment: Several commentary pieces warn about a bubble/risk of sharp pullbacks after a big run — sentiment swings could amplify intraday declines on any minor disappointment. Palantir: Trading PLTR Shares – Growth Vs. A Bubble Burst (Earnings Preview)

Palantir Technologies Stock Down 5.0%

Palantir Technologies stock opened at $157.35 on Thursday. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The company has a market capitalization of $375.03 billion, a P/E ratio of 374.65, a PEG ratio of 4.17 and a beta of 1.54. The stock’s 50 day moving average is $176.37 and its 200 day moving average is $173.58.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the transaction, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 149,872 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the sale, the insider owned 642,786 shares in the company, valued at approximately $105,410,476.14. The trade was a 18.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,444 shares of company stock worth $167,394,629 over the last quarter. 12.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. The Goldman Sachs Group increased their target price on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Northland Securities increased their price objective on Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $184.07.

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.