Palantir Technologies Inc. $PLTR Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.5% during the third quarter, Holdings Channel.com reports. The fund owned 272,199 shares of the company’s stock after selling 7,036 shares during the quarter. State of Alaska Department of Revenue’s holdings in Palantir Technologies were worth $50,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares during the period. State Street Corp boosted its holdings in Palantir Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after buying an additional 2,863,874 shares during the period. Invesco Ltd. boosted its holdings in Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after buying an additional 616,297 shares during the period. Bank of America Corp DE increased its stake in Palantir Technologies by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after buying an additional 180,486 shares in the last quarter. Finally, Amundi increased its stake in Palantir Technologies by 7.4% in the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after buying an additional 1,212,653 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Customers Bank announced plans to deploy Palantir’s Foundry and Artificial Intelligence Platform (AIP) to modernize deposit onboarding. The collaboration supports Palantir’s expansion into AI-native banking and commercial financial services. Customers Bank collaboration
• Positive Sentiment: Surf Air Mobility signed its fifth OperatorOS contract, this time with Flying Zebra. The aviation software is powered by Palantir, providing another example of AIP-related adoption and potential recurring commercial revenue. Surf Air Mobility contract
• Positive Sentiment: Goldman Sachs reportedly upgraded Palantir to Buy from Neutral, while separate valuation work raised a fair-value estimate to approximately $205.27 from $195.57. These actions reinforce the bullish view that Palantir is executing well in commercial and sovereign AI markets. Analyst valuation update
• Neutral Sentiment: Palantir’s CTO continued criticizing AI “doomsday” narratives and emphasizing the technology’s economic utility. The comments may appeal to supporters of the company’s defense-focused strategy but are unlikely to materially change near-term earnings expectations. Palantir CTO comments
• Negative Sentiment: Valuation remains the central pressure point. With Palantir trading at a very high earnings multiple after a powerful recent rally, investors may be taking profits and demanding continued exceptional growth ahead of the company’s November 2 earnings report. Palantir valuation concerns
• Negative Sentiment: ARK Invest, led by Cathie Wood, sold approximately $6.3 million of Palantir while buying other AI stocks. Insider sales disclosed under pre-arranged Rule 10b5-1 plans added to the cautious tone, although such transactions do not necessarily signal deteriorating fundamentals. ARK Invest Palantir sale
• Negative Sentiment: Palantir also lagged amid a broader rotation within AI and enterprise software, as investors favored competing names such as ServiceNow and Salesforce. The relative weakness highlights how much positive growth is already priced into PLTR.

Palantir Technologies Price Performance

Shares of PLTR stock traded down $1.81 during mid-day trading on Thursday, hitting $199.16. The company had a trading volume of 15,112,129 shares, compared to its average volume of 42,356,574. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The stock’s 50 day moving average price is $181.44 and its 200-day moving average price is $151.35. The company has a market capitalization of $478.59 billion, a P/E ratio of 170.22, a P/E/G ratio of 2.87 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its 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. The firm 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%. Palantir Technologies’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on PLTR. Cantor Fitzgerald started coverage on Palantir Technologies in a report on Tuesday, August 4th. They set an “overweight” rating on the stock. Mizuho set a $245.00 price objective on Palantir Technologies in a research note on Thursday. Citigroup cut Palantir Technologies from a “buy” rating to a “market perform” rating in a research report on Tuesday, August 4th. Phillip Securities cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Benchmark reissued a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.61.

Insiders Place Their Bets

In other news, insider Alexander C. Karp sold 492,348 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This represents a 7.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Eric H. Woersching sold 1,000 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the transaction, the director directly owned 3,465 shares of the company’s stock, valued at approximately $710,325. This trade represents a 22.40% 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. Over the last 90 days, insiders have sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is owned by corporate insiders.

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.