Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in Palantir Technologies Inc. $PLTR

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.2% in the third quarter, HoldingsChannel reports. The firm owned 350,151 shares of the company’s stock after buying an additional 26,538 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Palantir Technologies were worth $63,875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. State Street Corp raised its holdings in Palantir Technologies by 6.9% in the second quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after buying an additional 6,097,629 shares during the period. Norges Bank acquired a new position in Palantir Technologies during the second quarter valued at approximately $3,307,457,000. Invesco Ltd. grew its stake in Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after buying an additional 2,838,300 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the second quarter worth $2,543,888,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 9,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the sale, the insider owned 413,639 shares in the company, valued at approximately $76,899,626.49. This represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the completion of the transaction, the insider owned 239,409 shares in the company, valued at approximately $43,416,822.15. The trade was a 4.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,023,444 shares of company stock valued at $167,394,629. 9.23% of the stock is owned by insiders.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. HSBC raised their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Robert W. Baird raised their price objective on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Truist Financial initiated coverage on Palantir Technologies in a research note on Tuesday. They issued a “buy” rating and a $223.00 target price for the company. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. One investment 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 given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $174.69.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $177.49 on Friday. The stock has a market cap of $423.04 billion, a price-to-earnings ratio of 422.61, a price-to-earnings-growth ratio of 4.45 and a beta of 1.54. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The business’s 50-day simple moving average is $179.21 and its 200 day simple moving average is $170.43.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $0.10 EPS. Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. On average, equities research analysts predict 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: Bullish analyst views and price targets — Truist and other firms have renewed buy ratings and multi‑hundred dollar targets, and one analyst says PLTR could gain another ~20% in 2026, supporting upside potential. 1 Analyst Is Betting That Palantir Stock Can Gain Another 20% in 2026
• Positive Sentiment: Defense-sector tailwinds and government work chatter—reports that PLTR and other defense names are positioned to benefit from higher defense budgets and recent industry events have helped push interest in the stock. Palantir, Two Other Defense Names Head Toward Wins After Volatile Industry Week
• Positive Sentiment: Buy ratings tied to expanding AI backlog — some brokerages cite growing enterprise and government AI demand and reiterate buy ratings with high targets (e.g., BofA, others), reinforcing a bullish case ahead of 2025 results. Palantir (PLTR) Gets Buy Rating Amid Expanding AI Backlog
• Neutral Sentiment: Market speculation about PLTR’s role in a high‑profile international event (Venezuela) is driving chatter and short‑term volume, but details remain unconfirmed—this fuels momentum but increases event‑driven volatility. Palantir Involved in the Capture of Nicolás Maduro? Markets Think Peter Thiel-Linked Company ‘Heavily Involved,’ Says This Industry Commentator
• Neutral Sentiment: Analyst comparisons and AI sector context — research pieces comparing PLTR to incumbents like Oracle highlight PLTR’s AI infrastructure exposure but present tradeoffs (growth vs valuation), useful for positioning but not an immediate catalyst. Palantir or Oracle? AI Analyst Picks the Best AI Stock
• Neutral Sentiment: Consensus and valuation notes — brokerages’ consensus sits around a “hold” for some firms and median price targets are near the $200 area; high multiples keep expectations elevated. Palantir Technologies Inc. (NASDAQ:PLTR) Receives Consensus Recommendation of “Hold” from Brokerages
• Negative Sentiment: High‑profile selling — Cathie Wood/ARK sold roughly $10M+ of PLTR recently, a visible institutional exit that can weigh on sentiment and liquidity expectations. PLTR: Cathie Wood Dumps $10 Million in Palantir Stock
• Negative Sentiment: Multiple insider and large investor sales — filings show director and other insider sales totaling millions, and coverage noting significant insider selling history, which raises governance/valuation red flags for some investors. Insider Selling: Palantir Technologies (NASDAQ:PLTR) Director Sells $616,590.00 in Stock Palantir Technologies (NASDAQ:PLTR) Insider Sells $2,176,200.00 in Stock
• Negative Sentiment: Veteran analyst warning — at least one experienced analyst has flagged legal/ reputational risk after coverage of the Venezuela episode, which could increase regulatory and contract‑risk premium. Veteran analyst sounds alarm on Palantir stock after Venezuela raid
• Negative Sentiment: Hedge fund/elite investor moves — reports that Israel Englander trimmed PLTR while rotating into other high‑momentum names adds to narrative of profit‑taking among seasoned allocators. Billionaire Israel Englander Sells Palantir Stock and Buys an AI Stock Up 27,300% Since Its IPO

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.