6,368 Palantir Technologies Inc. $PLTR Shares Bought by Ethic Inc.

Ethic Inc. lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,289 shares of the company’s stock after purchasing an additional 6,368 shares during the quarter. Ethic Inc.’s holdings in Palantir Technologies were worth $21,939,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Palantir Technologies by 0.4% in 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 last quarter. State Street Corp boosted its holdings in Palantir Technologies by 2.8% in 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 in the last quarter. Bank of America Corp DE boosted its holdings 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. Amundi increased its position in Palantir Technologies by 2.5% during the first quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after buying an additional 398,093 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Palantir Technologies during the first quarter worth $1,574,111,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PLTR. Raymond James Financial set a $255.00 target price on Palantir Technologies in a report on Wednesday. UBS Group reiterated a “buy” rating on shares of Palantir Technologies in a research note on Tuesday. Mizuho increased their price objective on Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Wolfe Research assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $235.00 price objective on shares of Palantir Technologies in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $214.53.

Insider Buying and Selling

In other news, Director Eric H. Woersching sold 1,000 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the completion of the sale, the director directly owned 3,465 shares of the company’s stock, valued at approximately $710,325. This represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan D. Taylor sold 18,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the sale, the insider directly owned 274,667 shares of the company’s stock, valued at $55,249,267.05. This represents a 6.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 523,716 shares of company stock worth $92,212,379. 9.53% of the stock is currently owned by company insiders.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $160.38 on Friday. The business’s 50-day simple moving average is $185.88 and its 200-day simple moving average is $153.74. The firm has a market capitalization of $385.40 billion, a PE ratio of 112.15, a PEG ratio of 3.36 and a beta of 1.65. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. The firm’s revenue was up 95.9% compared to the same quarter last year. Research analysts forecast that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.