Palantir Technologies Inc. $PLTR Shares Purchased by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 259,607 shares of the company’s stock after buying an additional 20,150 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Palantir Technologies were worth $48,559,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp bought a new stake in Palantir Technologies in the 3rd quarter valued at $256,000. Legacy Wealth Management LLC MS bought a new position in shares of Palantir Technologies during the 3rd quarter worth about $367,000. Bauman Advisory Group LLC acquired a new position in shares of Palantir Technologies during the third quarter valued at about $284,000. Eads & Heald Wealth Management acquired a new position in shares of Palantir Technologies during the third quarter valued at about $721,000. Finally, Gerber Kawasaki Wealth & Investment Management raised its position in shares of Palantir Technologies by 0.3% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,281 shares of the company’s stock valued at $7,160,000 after buying an additional 98 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $175.40 on Wednesday. The firm has a 50 day simple moving average of $186.86 and a 200 day simple moving average of $153.89. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The firm has a market cap of $421.50 billion, a P/E ratio of 122.66, a P/E/G ratio of 3.18 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. The business’s revenue for the quarter was up 95.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 1.29 EPS for the current year.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the sale, the insider owned 56,921 shares in the company, valued at $9,920,761.09. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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, Director Lauren Friedman Stat sold 5,026 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the sale, the director owned 46,402 shares of the company’s stock, valued at approximately $9,233,998. The trade was a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 557,358 shares of company stock worth $97,408,897. 9.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup lifted their target price on Palantir Technologies from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Wolfe Research initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Robert W. Baird set a $250.00 target price on shares of Palantir Technologies in a research report on Monday, October 12th. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Roth Capital started coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and an average price target of $212.86.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir beat estimates, reporting third-quarter revenue of $2.31 billion, up 96% year over year, and adjusted earnings of $0.44 per share. U.S. commercial revenue grew 148% to $984 million, surpassing U.S. government revenue for the first time. Palantir reports booming U.S. commercial revenue growth
• Positive Sentiment: Management raised its 2026 revenue outlook to about $8.5 billion, above consensus, and forecast fourth-quarter revenue of $2.6 billion to $2.7 billion. The company also cited strong demand for its AI products. Palantir Q3 earnings call highlights
• Positive Sentiment: Some analysts raised price targets after the results, pointing to Palantir’s growth and raised outlook. These upgrades offer support for the bullish case, though they have not erased investor concerns. Analysts raise price targets after Q3
• Neutral Sentiment: Palantir says some customers are using shorter Sovereign AI contracts while evaluating models, which it expects could expand over time. That may explain part of the bookings slowdown, but leaves uncertainty about when current demand will convert into longer-term commitments. Palantir growth and contract trends
• Negative Sentiment: Bookings were the main near-term concern: total contract value increased just 6% year over year, versus 49% in the previous quarter, while U.S. commercial contract value growth slowed sharply. Investors worry that slower new commitments could eventually temper the exceptional revenue growth. Analysts cite slower bookings growth
• Negative Sentiment: Valuation also amplifies the risk: investors appear to expect continued rapid growth, making even a slowdown in bookings a potential trigger for selling after the earnings beat. Palantir and high earnings expectations

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.