Palantir Technologies Inc. $PLTR Stock Position Raised by Vest Financial LLC

Vest Financial LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 58,349 shares of the company’s stock after purchasing an additional 3,290 shares during the quarter. Vest Financial LLC’s holdings in Palantir Technologies were worth $10,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its stake in Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares in the last quarter. State Street Corp grew its holdings in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after buying an additional 2,863,874 shares during the last quarter. Bank of America Corp DE grew its holdings 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. Amundi increased its position in shares of Palantir Technologies by 2.5% in 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 period. Finally, Jennison Associates LLC purchased a new position in Palantir Technologies in the 1st quarter worth $1,574,111,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set an “overweight” rating on the stock. Wolfe Research began coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating for the company. Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Raymond James Financial upgraded shares of Palantir Technologies from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 8th. Finally, Robert W. Baird set a $250.00 price target on shares of Palantir Technologies in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and an average target price of $203.45.

Insider Activity

In other news, Director Eric Woersching sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the sale, the director directly owned 3,465 shares in the company, valued at $710,325. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan Taylor sold 18,000 shares of Palantir Technologies stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the transaction, the insider owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. This represents 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. Over the last three months, insiders sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Analyst support remains strong. Citi raised its price target to $250 from $245 while maintaining a Buy rating. Other Wall Street firms reportedly see targets ranging from $230 to $265, implying further upside if Palantir delivers solid third-quarter results. Citi raises Palantir stock price target
• Positive Sentiment: New partnerships broaden Palantir’s commercial opportunity. The company expanded its AI partnership with Stagwell to develop enterprise marketing solutions and elevated Aplos Data to its top-tier Vanguard: Elite partner network. Palantir also highlighted additional sovereign-AI deployments and a Knox Systems partnership focused on secure government-cloud environments. Stagwell and Palantir expand AI partnership
• Neutral Sentiment: Nov. 2 earnings are the key near-term catalyst. Analysts expect results and management’s outlook to determine whether Palantir can sustain its growth trajectory. The company’s prior quarter featured revenue growth of nearly 93% and an earnings beat, while technical analysts note that the shares are holding above an important support level.
• Negative Sentiment: Valuation is limiting investor tolerance for disappointment. With a market capitalization near $471 billion and a trailing P/E above 160, the stock already reflects years of exceptional execution. Concerns include Palantir’s projected revenue slowdown and Gartner’s warning about whether forward-deployed AI can scale economically. These risks likely contributed to profit-taking despite reassuring NATO about system controls and continued positive business announcements. Palantir: The business is booming, but the stock has a problem

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $196.19 on Friday. The company’s fifty day moving average price is $184.30 and its 200 day moving average price is $153.47. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The company has a market capitalization of $471.46 billion, a PE ratio of 167.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.60.

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. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business earned $0.16 earnings per share. The firm’s revenue was up 92.8% on a year-over-year basis. On average, equities analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current year.

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.