Palantir Technologies Inc. $PLTR Stock Holdings Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 492,480 shares of the company’s stock after purchasing an additional 35,534 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Palantir Technologies were worth $89,838,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Palantir Technologies in the 2nd quarter valued at about $3,307,457,000. Vanguard Group Inc. raised its holdings in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. State Street Corp lifted its stake in Palantir Technologies by 6.9% during the second quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after purchasing an additional 6,097,629 shares during the last quarter. Invesco Ltd. boosted its holdings in Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after buying an additional 2,838,300 shares in the last quarter. Finally, Clear Street LLC acquired a new position in Palantir Technologies in the second quarter worth approximately $295,508,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 308,635 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $50,613,053.65. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $97,082.08. This trade represents a 99.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 149,872 shares of Palantir Technologies stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at $105,410,476.14. This trade represents a 18.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,023,844 shares of company stock worth $167,455,085 in the last three months. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $131.36 on Monday. The business has a 50 day simple moving average of $169.93 and a 200 day simple moving average of $172.62. Palantir Technologies Inc. has a 52 week low of $66.12 and a 52 week high of $207.52. The stock has a market cap of $313.09 billion, a price-to-earnings ratio of 208.51, a PEG ratio of 2.53 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $0.14 earnings per share. Palantir Technologies’s revenue for the quarter was up 70.0% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on PLTR. UBS Group reduced their price objective on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. HSBC upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, February 3rd. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Loop Capital decreased their target price on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.05.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Strong fundamentals: Q4 results and guidance showed very strong growth (revenue up ~70% year-over-year) and expanding margins, reinforcing Palantir’s enterprise‑AI commercial momentum — a primary reason bulls say the long‑term case remains intact. Palantir Is Down 27%, But the Long-Term Math Still Favors Bulls
• Positive Sentiment: Defense/government catalyzer: DISA extended IL5/IL6 authorization to Palantir’s on‑premises and edge PFCS deployments, widening addressable opportunities for classified and edge AI workloads. Palantir Receives DISA Authorization for PFCS Forward
• Positive Sentiment: Commercial contract renewal: Palantir signed a multi‑year renewal with Airbus for Skywise, underscoring sticky enterprise relationships outside government. Palantir Signs a Multi-Year Contract Renewal With Airbus
• Neutral Sentiment: Analyst stance mixed: Some firms upgraded/affirmed PLTR on AI/contract momentum while others warn about valuation — consensus targets remain well above current levels, creating both upside and re‑rating risk. Mizuho Cautious on Valuation but Backs Palantir Growth Outlook
• Negative Sentiment: Sharp valuation‑led selloff: Heavy recent declines (reports of 25–27% pullbacks YTD) reflect retail weakness and rotation away from richly priced AI names; headlines frame PLTR as overvalued despite revenue gains. Palantir Drops 25% Despite 70% Revenue Growth
• Negative Sentiment: Bear pressure and options activity: Prominent bearish commentary (notably Michael Burry) and a large uptick in put‑option volume have amplified downside volatility and investor caution. Michael Burry’s Bearish Call on Palantir
• Negative Sentiment: Retail/social sentiment turned bearish and insider selling noted in public filings — these behavioral signals can deepen short‑term pressure even when fundamentals look strong. Quiver Quantitative Summary

Palantir Technologies 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.