Resona Asset Management Co. Ltd. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 0.5% during the third quarter, HoldingsChannel.com reports. The fund owned 703,152 shares of the company’s stock after buying an additional 3,389 shares during the period. Palantir Technologies accounts for about 0.6% of Resona Asset Management Co. Ltd.’s holdings, making the stock its 25th largest holding. Resona Asset Management Co. Ltd.’s holdings in Palantir Technologies were worth $127,859,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter worth $28,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 45.65% of the company’s stock.
Palantir Technologies Stock Performance
Palantir Technologies stock opened at $169.60 on Friday. The company’s 50 day simple moving average is $176.64 and its 200-day simple moving average is $172.91. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The company has a market capitalization of $404.23 billion, a price-to-earnings ratio of 403.82, a price-to-earnings-growth ratio of 4.17 and a beta of 1.54.
Insider Activity at Palantir Technologies
In other Palantir Technologies news, insider Shyam Sankar sold 149,872 shares of Palantir Technologies stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $105,410,476.14. The trade was a 18.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 15,557 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the sale, the insider owned 415,612 shares in the company, valued at $68,156,211.88. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,023,444 shares of company stock worth $167,394,629 over the last ninety days. Company insiders own 9.23% of the company’s stock.
Wall Street Analysts Forecast Growth
PLTR has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Bank of America increased their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Truist Financial assumed coverage on Palantir Technologies in a report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price objective on the stock. Finally, Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $184.07.
View Our Latest Report on PLTR
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Phillip Securities initiated coverage with a Buy and $208 price target, highlighting multi‑year revenue and margin upside that supports further upside from here. Palantir (PLTR) Stock: Why This Analyst Sees 25% Upside in 2025
- Positive Sentiment: Top sell‑side voices continue to call Palantir an AI “powerhouse” after Davos discussions and large commercial wins (e.g., Hyundai), which supports momentum into earnings. NVDA, PLTR: Daniel Ives Hails Nvidia and Palantir as AI Powerhouses at Davos
- Positive Sentiment: MarketBeat highlights an institutional‑buying metric bulls watch into earnings — suggesting “smart money” positioning could amplify a beat/guidance upgrade. The One Metric Bulls Watch in Palantir Before Earnings
- Neutral Sentiment: Mizuho reaffirmed a $205 12‑month target while keeping a cautious stance (Hold) — a sign that targets are elevated but some analysts are dialing back conviction. Palantir Stock Targeted at $205 by Mizuho as Growth Slows in 2026
- Neutral Sentiment: CEO comments on the AI cycle (“We’re in a lag right now.”) temper overheated expectations — useful context but not a hard directional signal ahead of earnings. Palantir CEO on the AI bubble: “We’re in a lag right now.”
- Neutral Sentiment: Investors should note the company reports Q4 on Feb. 2 — results and forward guidance will likely be the primary short‑term driver. Should You Buy Palantir Stock Before Feb. 2?
- Negative Sentiment: Valuation critics warn the stock trades at very rich multiples; some analysts (e.g., Jefferies commentary cited in media) see material downside if growth slows — raises risk of sharp pullbacks if guidance disappoints. 2 Ultra-Popular AI Stocks to Sell Before They Drop 53% and 57%, According to Wall Street Analysts
- Negative Sentiment: Near‑term price action shows a recent pullback (down modestly over the past week/month), signaling profit‑taking after a large 12‑month rally — makes Palantir more vulnerable to negative news ahead of earnings. Palantir Technologies Trending as Analysts Weigh Upside
Palantir Technologies Company Profile
Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.
Palantir’s product portfolio centers on a small number of core platforms.
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