Palantir Technologies Inc. $PLTR Shares Bought by Vestcor Inc

Vestcor Inc grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 33.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,339 shares of the company’s stock after purchasing an additional 17,088 shares during the quarter. Vestcor Inc’s holdings in Palantir Technologies were worth $12,466,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Occidental Asset Management LLC lifted its stake in Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after buying an additional 53 shares in the last quarter. Gallacher Capital Management LLC increased its position in Palantir Technologies by 2.2% during the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock worth $447,000 after buying an additional 53 shares in the last quarter. Bare Financial Services Inc increased its position in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares in the last quarter. Lionshead Wealth Management LLC raised its holdings in shares of Palantir Technologies by 0.4% in the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock worth $2,395,000 after acquiring an additional 56 shares during the last quarter. Finally, Ellenbecker Investment Group lifted its position in shares of Palantir Technologies by 3.6% in the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock valued at $295,000 after acquiring an additional 57 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

More Palantir Technologies News

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

• Positive Sentiment: Geopolitical tensions (U.S. strikes on Iran) and a spike in defense demand have driven a sharp rally in Palantir shares as investors rotate into defense tech. Analysts raised price targets and buying momentum lifted the stock. Palantir Stock Rallies 15% As Iran War Drives Defense Demand
• Positive Sentiment: Coverage noting the Pentagon is increasing use of Palantir’s AI — and broader defense budget focus — supports upside expectations for contract wins and recurring revenue. Palantir Technologies Surges as Pentagon Bets on Its AI
• Positive Sentiment: Regulatory moves against Anthropic (deemed a national‑security supply‑chain risk) may indirectly benefit defense-focused AI providers like Palantir, as the Pentagon restricts some commercial AI vendors. Anthropic Deemed a ‘National Security Threat’ — Is Palantir At Risk?
• Neutral Sentiment: Minor insider/affiliate selling: Century Legend sold 2,700 Palantir shares via a subsidiary to boost liquidity and realize gains — a small block unlikely to materially affect supply/demand. Century Legend Sells Palantir Stake
• Neutral Sentiment: Inclusion in defense/war‑tech themed portfolios and lists highlights investor interest in Palantir as a strategic play on geopolitics and AI in defense. The New War Portfolio: 3 Stocks Built for a High-Tech War
• Negative Sentiment: Multiple articles highlight valuation risk: several analysts and commentary pieces argue PLTR’s premium multiple may not be justified despite strong growth, warning of downside if tech momentum reverses. Prediction: This Is How Much Further Palantir Stock Could Fall in 2026
• Negative Sentiment: “SaaSpocalypse” and software‑sector weakness have pressured Palantir recently; some Wall Street pieces explicitly list PLTR among AI/software names considered overvalued and potential sell candidates. What Is Going on With Palantir Stock Right Now?

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,232 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the completion of the transaction, the insider owned 43,108 shares of the company’s stock, valued at approximately $5,564,380.64. This represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. This represents a 99.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,054,279 shares of company stock valued at $142,212,233 in the last quarter. Insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 2.9%

Shares of NASDAQ:PLTR opened at $157.16 on Monday. The firm has a market cap of $375.88 billion, a price-to-earnings ratio of 249.46, a PEG ratio of 3.12 and a beta of 1.70. The stock’s 50-day moving average price is $155.48 and its two-hundred day moving average price is $169.08. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52.

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. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. William Blair upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Rosenblatt Securities started coverage on shares of Palantir Technologies in a research note on Friday, February 27th. They set a “buy” rating and a $150.00 price target on the stock. Piper Sandler reiterated an “overweight” rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, Argus raised shares of Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and an average target price of $192.68.

Palantir Technologies Profile

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.