Palantir Technologies Inc. $PLTR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.0% in the third quarter, HoldingsChannel.com reports. The fund owned 6,266,090 shares of the company’s stock after selling 618,046 shares during the quarter. Palantir Technologies comprises 0.7% of Sumitomo Mitsui Trust Group Inc.’s portfolio, making the stock its 21st biggest position. Sumitomo Mitsui Trust Group Inc.’s holdings in Palantir Technologies were worth $1,172,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jennison Associates LLC acquired a new stake in Palantir Technologies during the 1st quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its stake in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares in the last quarter. Bank of America Corp DE boosted its stake in Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after purchasing an additional 4,201,852 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Palantir Technologies by 795.6% in the first quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock worth $480,247,000 after purchasing an additional 2,952,079 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Palantir Technologies by 2.8% during the second 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. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eric H. Woersching sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total value of $205,000.00. Following the transaction, the director owned 3,465 shares of the company’s stock, valued at approximately $710,325. This trade represents a 22.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last three months, insiders sold 560,390 shares of company stock worth $97,909,177. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $184.11 on Friday. The stock has a fifty day moving average of $186.90 and a 200-day moving average of $153.90. The stock has a market capitalization of $442.43 billion, a P/E ratio of 157.36, a price-to-earnings-growth ratio of 3.28 and a beta of 1.60. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PLTR. Roth Capital started coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Raymond James Financial raised shares of Palantir Technologies from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 8th. Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a research report on Monday, October 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a research note on Thursday. Finally, Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.60.

Key Stories Impacting Palantir Technologies

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 Company 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.