Palantir Technologies Inc. $PLTR Stock: Summit Global Investments Lowers Holdings

Summit Global Investments trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 24.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,291 shares of the company’s stock after selling 9,374 shares during the period. Summit Global Investments’ holdings in Palantir Technologies were worth $5,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after acquiring an additional 757,322 shares during the period. State Street Corp increased its stake in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Palantir Technologies by 28.7% in the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares during the period. Amundi raised its holdings 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 purchasing an additional 398,093 shares during the period. Finally, Jennison Associates LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at about $1,574,111,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

PLTR stock opened at $184.11 on Friday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The stock has a market cap of $442.43 billion, a price-to-earnings ratio of 157.36, a price-to-earnings-growth ratio of 3.28 and a beta of 1.60. The company has a fifty day moving average price of $186.90 and a two-hundred day moving average price of $153.90.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. Research analysts anticipate that Palantir Technologies Inc. will post 1.29 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the transaction, the insider directly owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Ryan D. Taylor sold 18,000 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the completion of the transaction, the insider directly owned 274,667 shares in the company, valued at approximately $55,249,267.05. This represents a 6.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 560,390 shares of company stock worth $97,909,177 in the last ninety days. Insiders own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PLTR shares. Piper Sandler raised their target price on shares of Palantir Technologies from $230.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research report on Tuesday, August 11th. Wolfe Research started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating on the stock. JPMorgan Chase & Co. initiated coverage on Palantir Technologies in a research note on Thursday. They issued an “overweight” rating and a $262.00 price objective on the stock. Finally, Cantor Fitzgerald assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Moderate Buy” and an average target price of $208.60.

Key Palantir Technologies News

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

• Positive Sentiment: AI demand and earnings expectations remain strong. Analysts expect third-quarter revenue to increase about 84%, supported by demand for Palantir’s Artificial Intelligence Platform (AIP) across government and commercial customers. Investors are also looking for another revenue beat and a potential increase to full-year guidance. Will Top-Line Improvement Benefit Palantir in Q3 Earnings?
• Positive Sentiment: Several analysts see additional upside. JPMorgan initiated coverage with an Overweight rating, placed Palantir on its Analyst Focus List and set a December 2027 price target of $262. Oppenheimer also raised its target to $235 from $200 and maintained an Outperform rating, citing the potential for continued revenue beats. JPMorgan starts Palantir at Overweight
• Neutral Sentiment: Earnings are the immediate catalyst. Wall Street expects exceptional revenue and profit growth, but the stock’s roughly 60% rally since its previous report has raised the bar. Investors will focus on revenue growth, commercial customer momentum and guidance when Palantir reports. Should Palantir Stock Be in Your Portfolio Before Q3 Earnings?
• Negative Sentiment: Valuation and chart weakness are limiting enthusiasm. With a market capitalization above $440 billion and a price-to-earnings ratio near 157, Palantir has substantial growth already priced in. Shares are testing their 50-day moving average near $186.70; technical analysts identify stronger support around $160–$166 if the earnings reaction disappoints. Palantir Price Forecast: Earnings Loom as Downside Risks Build
• Negative Sentiment: Market conditions are adding pressure. A broader technology sell-off and concerns about excessive AI spending have encouraged investors to adopt a more defensive stance. Morgan Stanley has retained a Hold rating, citing Palantir’s rich valuation, while a negative earnings-surprise indicator adds near-term risk. Ahead of Palantir Earnings, Here’s What Barchart Data Says

Palantir Technologies Profile

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.