Traynor Capital Management Inc. Sells 9,086 Shares of Palantir Technologies Inc. $PLTR

Traynor Capital Management Inc. trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 28.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 23,229 shares of the company’s stock after selling 9,086 shares during the quarter. Traynor Capital Management Inc.’s holdings in Palantir Technologies were worth $4,345,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Laurel Wealth Advisors LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at $35,000. Cranbrook Wealth Management LLC lifted its stake in shares of Palantir Technologies by 40.7% during the third quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock worth $37,000 after purchasing an additional 57 shares in the last quarter. Ballast Advisors LLC purchased a new stake in shares of Palantir Technologies in the first quarter worth about $29,000. Retirement Wealth Solutions LLC boosted its position in shares of Palantir Technologies by 51.7% in the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock worth $41,000 after buying an additional 74 shares during the period. Finally, Dakota Community Bank & Trust NA boosted its position in shares of Palantir Technologies by 219.1% in the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock worth $41,000 after buying an additional 149 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Ryan D. Taylor sold 18,000 shares of the business’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the sale, the insider owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. The trade was a 6.15% 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. In the last 90 days, insiders sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is owned by insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Wall Street expects approximately $0.41 in adjusted EPS and $2.18 billion in revenue for the third quarter. Investors are looking for evidence that Palantir’s U.S. commercial momentum and AI software demand remain strong. CEO Alex Karp has described the business as compounding at an unprecedented pace, while prediction-market activity points to expectations for another earnings beat. Palantir Set to Report Earnings as Alex Karp Says Business Is Compounding
• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating, adding institutional support ahead of the report. Separately, Palantir is reportedly expanding sovereign-AI deployments in sensitive industries, potentially broadening its government and commercial opportunity. JPMorgan Initiates Coverage of Palantir
• Neutral Sentiment: Options traders are positioning for an unusually large post-earnings move of about 13.3%. This underscores significant event risk: a beat and stronger guidance could support the stock, while any indication of slowing growth could trigger a sharp reaction. Palantir Q3 Earnings Options Activity
• Negative Sentiment: Valuation remains the main concern. Palantir trades at roughly 157 times earnings, meaning much of its future AI growth is already reflected in the share price. Analysts and investors will therefore focus on revenue growth, U.S. commercial expansion, margins and forward guidance rather than simply whether results beat estimates. Palantir Stock Is Trading at 165 Times Earnings
• Negative Sentiment: ETF selling has created additional technical pressure: ETFs were net sellers of approximately $112.1 million of PLTR on Thursday, while the iShares Tech-Software ETF sold $286.1 million across its portfolio, including Palantir. Recent chart analysis also identified potential support near $186 as vulnerable. ETFs Are Net Sellers of Palantir

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $184.11 on Monday. The business’s 50 day moving average is $186.90 and its two-hundred day moving average is $153.90. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The company has a market cap of $442.43 billion, a PE ratio of 157.36, a P/E/G ratio of 3.29 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm earned $0.16 EPS. The business’s revenue was up 92.8% on a year-over-year basis. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a research report on Monday, October 12th. Oppenheimer reissued an “outperform” rating and set a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a research report on Thursday. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued an “overweight” rating for the company. Phillip Securities lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $208.60.

About Palantir Technologies

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.