Palantir Technologies Inc. $PLTR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,169,516 shares of the company’s stock after selling 758,553 shares during the quarter. Palantir Technologies accounts for 0.9% of Sumitomo Mitsui Trust Group Inc.’s portfolio, making the stock its 14th biggest holding. Sumitomo Mitsui Trust Group Inc. owned 0.34% of Palantir Technologies worth $1,490,283,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $450,000. Bison Wealth LLC increased its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC raised its holdings in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after purchasing an additional 4,722 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in Palantir Technologies in the first quarter valued at $278,000. Finally, Strs Ohio acquired a new position in shares of Palantir Technologies during the 1st quarter worth $13,364,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several recent research reports. Jefferies Financial Group restated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. CICC Research lifted their price objective on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Royal Bank Of Canada increased their target price on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. HSBC upped their price objective on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Finally, Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $174.69.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 15,557 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $2,551,192.43. Following the completion of the transaction, the insider owned 415,612 shares in the company, valued at $68,156,211.88. This represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 149,872 shares of Palantir Technologies 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 $105,410,476.14. This represents a 18.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,023,444 shares of company stock valued at $167,394,629 over the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $177.49 on Monday. The company has a market cap of $423.04 billion, a price-to-earnings ratio of 422.61, a price-to-earnings-growth ratio of 4.47 and a beta of 1.54. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The stock’s 50-day moving average is $179.21 and its 200-day moving average is $170.81.

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

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Truist initiated coverage on Palantir with a Buy and called the company “best‑in‑class,” giving institutional‑grade support that can attract investor inflows. Truist Initiates Palantir (PLTR) as Buy
• Neutral Sentiment: Market note: PLTR sold off at the start of 2026 (about -14% in the first five sessions) due to a rotation out of AI names but has shown a small rebound in the past week and remains well above prior year levels — underscoring high volatility tied to sector flows. Palantir Price Prediction and Forecast 2026-2030
• Neutral Sentiment: Investor commentary suggests it may be “too early to call” Palantir’s next leg, highlighting ongoing debate between growth potential from AI/business momentum and near‑term macro/rotation risks. ‘It’s Too Early to Call,’ Says Investor About Palantir Stock
• Negative Sentiment: Several analysts and commentaries warn Palantir could stall in 2026 due to lofty valuation relative to peers, pushing some investors to prefer other AI names; that skepticism can cap upside until growth visibility improves. Why Wall Street Thinks Palantir Stock Will Stall
• Negative Sentiment: Notable selling: a prominent investor vehicle (Cathie Wood/ARK‑related reporting) sold over $10M of Palantir stock recently, a flow event that can increase short‑term downward pressure on price. Cathie Wood Invest Dumps Over $10 Million Of Palantir Stock
• Negative Sentiment: Media roundups flag Palantir among names that “plummeted” during the recent pullback in some sectors, reflecting headlines and momentum trading that can amplify swings independent of fundamentals. Benzinga Bulls And Bears: Palantir Plummets

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.