State Street Corp Acquires 2,863,874 Shares of Palantir Technologies Inc. $PLTR

State Street Corp boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 104,490,468 shares of the company’s stock after purchasing an additional 2,863,874 shares during the period. State Street Corp’s holdings in Palantir Technologies were worth $12,190,903,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Wellington Altus USA Inc. grew its position in shares of Palantir Technologies by 453.8% during the 2nd quarter. Wellington Altus USA Inc. now owns 7,559 shares of the company’s stock valued at $882,000 after purchasing an additional 6,194 shares in the last quarter. Anchor Investment Management LLC lifted its position in Palantir Technologies by 8.3% in the second quarter. Anchor Investment Management LLC now owns 7,985 shares of the company’s stock valued at $932,000 after purchasing an additional 611 shares during the last quarter. Bullseye Investment Management LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at $65,000. Talon Private Wealth LLC bought a new stake in shares of Palantir Technologies in the second quarter worth about $321,000. Finally, Core Capital Management & Research inc. purchased a new stake in Palantir Technologies in the second quarter worth $48,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 492,348 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. The trade was a 5.16% 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 have sold a total of 720,027 shares of company stock worth $116,879,340 over the last three months. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Palantir Technologies stock traded up $1.15 during trading hours on Tuesday, hitting $184.24. 9,882,232 shares of the stock traded hands, compared to its average volume of 44,196,215. The firm’s 50 day moving average price is $160.27 and its 200-day moving average price is $146.50. The stock has a market capitalization of $442.75 billion, a price-to-earnings ratio of 157.42, a P/E/G ratio of 2.51 and a beta of 1.62. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm posted $0.16 EPS. Palantir Technologies’s quarterly revenue was up 92.8% compared to the same quarter last year. Research analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Jefferies Financial Group reissued an “underperform” rating and set a $80.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Wolfe Research assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Roth Capital started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating on the stock. Finally, UBS Group lifted their price target on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.33.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s reported alliances with Fujitsu, NVIDIA, Method Security and Nebius could expand its enterprise AI, manufacturing, cybersecurity and AI-infrastructure opportunities. Palantir Technologies Unveils Alliance Push Across AI Supply Chains and Cyber Defense
• Positive Sentiment: Recent coverage highlighted Palantir’s 92.8% year-over-year quarterly revenue growth, earnings that exceeded consensus expectations, and a long streak of accelerating revenue growth. Those results support the view that demand for its enterprise AI software remains strong. Earnings Growth and Price Strength Make Palantir a Stock to Watch
• Positive Sentiment: Optimistic commentary argues that Palantir is well positioned for “sovereign AI”—governments and organizations seeking domestic control over data, software and AI infrastructure. UBS also identified Palantir as a preferred AI beneficiary as corporate adoption moves from experimentation toward scaled deployment. Palantir Will Keep Winning as Sovereign AI Takes Hold
• Neutral Sentiment: Palantir CEO Alex Karp’s comments that major AI companies may never go public, along with his call for greater government involvement, reinforce the importance of regulation and national-security contracts but do not directly change Palantir’s financial outlook. Palantir’s Alex Karp Discusses AI Companies and Government Oversight
• Neutral Sentiment: Options activity turned more bullish as the shares rallied, suggesting stronger near-term trader interest, although this is a positioning indicator rather than a change in business fundamentals. Palantir Stock Gets a Bullish Options Signal
• Negative Sentiment: Valuation remains the principal counterargument. With a P/E ratio near 158, Palantir requires sustained high growth to justify its price, and Wall Street’s targets show unusually wide disagreement about the stock’s value. Wall Street’s Palantir Price Targets Tell an Interesting Story
• Negative Sentiment: Michael Burry continues to argue that Palantir is overvalued and offers substantial short-selling potential. Cathie Wood’s reported reduction in Palantir holdings adds another cautionary signal, though neither reflects company operating results. Michael Burry Doubles Down on Palantir Bear Case

Palantir Technologies Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.