Palantir Technologies Inc. $PLTR Stock Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 20.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,012 shares of the company’s stock after purchasing an additional 18,634 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Palantir Technologies were worth $20,952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Succession Financial Inc. grew its position in Palantir Technologies by 133.1% during the third quarter. Succession Financial Inc. now owns 4,815 shares of the company’s stock worth $901,000 after buying an additional 2,749 shares in the last quarter. XY Planning Network Inc. bought a new position in Palantir Technologies in the 3rd quarter worth about $298,000. Define Financial LLC bought a new position in Palantir Technologies in the 3rd quarter worth about $255,000. Signal Advisors Wealth LLC increased its stake in Palantir Technologies by 204.7% in the 3rd quarter. Signal Advisors Wealth LLC now owns 21,291 shares of the company’s stock worth $3,982,000 after acquiring an additional 41,622 shares during the last quarter. Finally, Ifrah Financial Services Inc. purchased a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $293,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s latest operating trends remain a major bullish factor. Revenue rose 92.8% year over year in the most recently reported quarter, earnings exceeded expectations, and management raised fiscal 2026 revenue guidance. Several analysts and investors argue that consensus estimates may still be too conservative. Palantir growth and guidance article
• Positive Sentiment: The company’s partnership with Ondas to launch Regna AI could broaden Palantir’s sovereign-defense opportunity. The standalone venture will develop specialized AI models for drones, surveillance systems, ground vehicles and other mission-critical platforms, potentially supporting future government demand. Regna AI announcement
• Neutral Sentiment: Palantir scheduled its third-quarter 2026 earnings release for November 2 after the market close. Investors will look for evidence that the company can sustain its rapid growth and justify its premium valuation. Palantir earnings announcement
• Neutral Sentiment: CTO Shyam Sankar’s criticism of AI safety advocates and comments about the Pentagon’s AI strategy reinforce Palantir’s defense-focused positioning, but the provocative tone could attract regulatory or reputational attention. Palantir CTO comments
• Negative Sentiment: Director Lauren Friedman Stat sold 5,026 shares for approximately $1.0 million, while insider Ryan Taylor sold 18,000 shares for about $3.6 million. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance, but continued insider selling can weigh on sentiment. Palantir insider selling report
• Negative Sentiment: Phillip Securities downgraded Palantir to “hold,” while valuation analyses describe the shares as expensive, with a very high earnings multiple and the stock trading above the average published analyst target. This leaves the shares vulnerable to profit-taking if growth slows. Palantir rating downgrade

Analysts Set New Price Targets

A number of analysts have recently issued reports on PLTR shares. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. UBS Group boosted their price objective on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Weiss Ratings upgraded shares of Palantir Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.54.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 18,000 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was 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 directly owned 274,667 shares in the company, valued at approximately $55,249,267.05. This represents a 6.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 owned 56,921 shares in the company, valued at $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last ninety days, insiders have sold 559,390 shares of company stock valued at $97,704,177. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $208.67 on Wednesday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The company has a market capitalization of $501.45 billion, a P/E ratio of 178.35, a P/E/G ratio of 2.87 and a beta of 1.60. The company has a fifty day moving average of $180.59 and a 200-day moving average of $150.98.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion during 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 firm’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. As a group, analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.