Palantir Technologies Inc. $PLTR Stock Sold by Burr Financial Services LLC

Burr Financial Services LLC trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 21.7% during the 3rd quarter, Holdings Channel reports. The firm owned 66,733 shares of the company’s stock after selling 18,465 shares during the quarter. Palantir Technologies comprises approximately 7.7% of Burr Financial Services LLC’s portfolio, making the stock its 4th biggest holding. Burr Financial Services LLC’s holdings in Palantir Technologies were worth $12,482,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after acquiring an additional 757,322 shares in the last quarter. State Street Corp raised its holdings in Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after buying an additional 2,863,874 shares during the last quarter. Invesco Ltd. lifted its position in Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Palantir Technologies by 28.7% during the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after buying an additional 4,201,852 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Palantir Technologies by 2.5% during the 1st quarter. Amundi now owns 16,410,400 shares of the company’s stock valued at $2,400,513,000 after acquiring an additional 398,093 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLTR. Benchmark reaffirmed a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. UBS Group boosted their target price on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Raymond James Financial raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Thursday. Finally, Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.30.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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, Director Lauren Friedman Stat sold 1,337 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $189.95, for a total value of $253,963.15. Following the transaction, the director directly owned 51,428 shares in the company, valued at $9,768,748.60. This represents a 2.53% 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 sold 536,364 shares of company stock worth $93,083,303 over the last quarter. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $3.92 during trading hours on Thursday, reaching $198.04. The company’s stock had a trading volume of 29,242,859 shares, compared to its average volume of 42,767,695. The company has a market capitalization of $475.91 billion, a P/E ratio of 169.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.60. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The stock has a 50 day moving average price of $174.75 and a two-hundred day moving average price of $149.54.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The business 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 company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, analysts predict that Palantir Technologies Inc. will post 1.28 EPS for the current fiscal year.

More Palantir Technologies News

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to “Buy” from “Neutral” and assigned a $230 price target. Analyst Gabriela Borges said demand for sovereign AI, custom software development and specialized industry applications could substantially expand Palantir’s addressable market. Palantir shares rise over 3% after Goldman Sachs upgrade
• Positive Sentiment: The upgrade reinforces an increasingly favorable analyst narrative. Yorkville Ives recently initiated coverage with a Buy rating and a $250 target, while Wedbush’s Dan Ives named Palantir among his leading AI stock picks for 2027. Palantir shares gain as fresh analyst calls reinforce AI growth narrative
• Positive Sentiment: Palantir’s growth backdrop remains strong. Its latest quarterly results showed approximately 93% year-over-year revenue growth, record U.S. commercial contract activity and raised 2026 revenue guidance of roughly $8.15 billion. Sovereign AI deployments, including the company’s partnership with Armada, are adding to the expansion story. Palantir is betting on sovereign AI to help take its stock higher
• Neutral Sentiment: Institutional positioning is mixed: 1,426 funds added PLTR shares in their latest quarter compared with 1,381 that reduced holdings. Government awards also remain a meaningful revenue support, with more than $2 billion in payments reported over the past year.
• Negative Sentiment: Valuation is a significant counterweight. Palantir trades at a very high earnings multiple relative to the software sector, leaving the shares vulnerable if growth slows or costs rise. Can Palantir justify its premium valuation?
• Negative Sentiment: Zacks Research lowered its rating from “Strong Buy” to “Hold.” In addition, company insiders have reported numerous sales and no purchases over the past six months, while investor Michael Burry remains bearish on major AI stocks, including Palantir.

Palantir Technologies Profile

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.