ICICI Prudential Asset Management Co Ltd Boosts Holdings in Palantir Technologies Inc. $PLTR

ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,926 shares of the company’s stock after buying an additional 6,566 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Palantir Technologies were worth $6,371,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. boosted its stake in Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after purchasing an additional 54,347 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares in the last quarter. Prentice Wealth Management LLC purchased a new position in shares of Palantir Technologies in the third quarter worth $550,000. Watershed Private Wealth LLC boosted its position in shares of Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after acquiring an additional 3,350 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after acquiring an additional 12,300 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PLTR. Truist Financial initiated coverage on shares of Palantir Technologies in a research note on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price target on the stock. HSBC upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, February 3rd. Citigroup raised their price target on Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Loop Capital reduced their price objective on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, Royal Bank Of Canada upped their price objective on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus price target of $191.05.

Palantir Technologies Trading Down 0.4%

PLTR stock opened at $134.89 on Friday. The stock has a market cap of $321.50 billion, a PE ratio of 214.11, a P/E/G ratio of 2.60 and a beta of 1.64. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52. The company has a 50-day moving average price of $165.85 and a 200 day moving average price of $171.76.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was up 70.0% compared to the same quarter last year. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 12,000 shares of Palantir Technologies stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the completion of the sale, the insider directly owned 239,409 shares in the company, valued at approximately $43,416,822.15. This trade represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 400 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $151.14, for a total transaction of $60,456.00. Following the sale, the director directly owned 58,287 shares of the company’s stock, valued at $8,809,497.18. This represents a 0.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,100 shares of company stock valued at $10,576,379 over the last quarter. 9.23% of the stock is currently owned by insiders.

Key Palantir Technologies News

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

• Positive Sentiment: Mizuho upgraded PLTR to Outperform with a $195 target, joining other firms that have turned more bullish after Palantir’s strong Q4 results and AI positioning — this upgrade helped lift investor sentiment. Palantir Stock Price Up After Analyst Upgrade
• Positive Sentiment: Palantir reported a blockbuster Q4 (revenue +70% y/y, EPS and revenue beats) and raised guidance, which supports expectations for continued commercial and U.S. government demand. That fundamental beat is a primary driver of renewed buying interest. Q4 Earnings: These Buy-Rated Stocks Crushed Expectations
• Positive Sentiment: Rackspace announced a strategic partnership to deploy Palantir’s Foundry and AIP in regulated/private-cloud environments, which could speed enterprise AIP adoption and enlarge Palantir’s commercial footprint. Partnerships like this increase channel reach and make deployments easier for enterprise customers. Rackspace and Palantir Partnership
• Positive Sentiment: A federal judge temporarily barred former Palantir staffers from soliciting employees for a rival AI startup, reducing near-term talent leakage and protecting Palantir’s competitive edge in specialized engineering talent. US judge blocks ex-Palantir staffers
• Neutral Sentiment: Palantir moved its headquarters from Denver to Miami — a strategic/operational change that may lower taxes and aid recruiting but is unlikely to materially change near-term revenue trends. Investors are treating this as a structural/PR move rather than a revenue catalyst. Palantir HQ move to Miami
• Negative Sentiment: High-profile scrutiny intensified after filings showed CEO Alex Karp logged ~$17.2M in private-jet travel; Michael Burry and other critics highlighted governance/expense concerns, which can weigh on sentiment and invite activist attention despite strong operations. CEO private jet spending
• Negative Sentiment: Broader skepticism remains — calls that PLTR may be overvalued or subject to unwind after a big run, plus visible insider selling and activist scrutiny, are ongoing risk factors that could cap upside until valuation concerns fade. MarketWatch: Burry attack and valuation concerns

About Palantir Technologies

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.