Teacher Retirement System of Texas Sells 39,501 Shares of Palantir Technologies Inc. $PLTR

Teacher Retirement System of Texas trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 766,046 shares of the company’s stock after selling 39,501 shares during the quarter. Palantir Technologies accounts for 0.6% of Teacher Retirement System of Texas’ portfolio, making the stock its 20th largest position. Teacher Retirement System of Texas’ holdings in Palantir Technologies were worth $139,742,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth about $25,000. Briaud Financial Planning Inc bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $28,000. Finally, Delos Wealth Advisors LLC bought a new position in Palantir Technologies in the second quarter valued at approximately $29,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Phillip Securities assumed coverage on shares of Palantir Technologies in a research report on Thursday. They set a “buy” rating and a $208.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Piper Sandler boosted their price target on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Morgan Stanley increased their price objective on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Finally, Daiwa Capital Markets boosted their target price on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $184.07.

Palantir Technologies Stock Up 0.3%

Shares of Palantir Technologies stock opened at $165.90 on Friday. The stock has a market cap of $395.41 billion, a P/E ratio of 395.01, a P/E/G ratio of 4.16 and a beta of 1.54. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The business’s 50 day moving average is $176.73 and its 200-day moving average is $172.70.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s revenue was up 62.8% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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 a $208 price target (roughly 25% above recent levels), which is driving buying interest and headline momentum. Phillip Securities initiates coverage of Palantir Technologies (PLTR) with buy recommendation
• Positive Sentiment: Wedbush’s Daniel Ives highlighted Palantir as an AI powerhouse at Davos, reinforcing the narrative that PLTR is a key beneficiary of the AI spending cycle. NVDA, PLTR: Daniel Ives Hails Nvidia and Palantir as AI Powerhouses at Davos
• Positive Sentiment: Coverage pieces and upgrades point to large commercial deals (e.g., reported Hyundai work) and institutional buying, which support the bull case that growth can justify high multiples. Palantir Stock Won a Huge Upgrade. Can an AI Supercycle Power Shares Higher?
• Neutral Sentiment: Earnings calendar risk: Palantir will report 4Q results on Feb. 2, which is the nearest catalyst that could move shares materially in either direction. Should You Buy Palantir Stock Before Feb. 2?
• Neutral Sentiment: Mizuho reiterated a Hold but kept a $205 12?month target — a sign that some analysts expect more upside but are cautious on near-term risk/reward. Wall Street sets Palantir stock price for the next 12 months
• Negative Sentiment: Valuation and downside warning: Jefferies analyst Brent Thill warned PLTR could fall as much as ~57% from current levels, underscoring how richly priced the stock is and amplifying volatility risk. 2 Ultra-Popular AI Stocks to Sell Before They Drop 53% and 57%, According to Wall Street Analysts
• Negative Sentiment: Critics argue Palantir’s surge and comparisons to hardware/legacy sectors signal a stretched valuation; commentary about founder actions and political donations has been used to argue the stock is overbought. When Your Software Company Gets Compared to a Chipmaker, Valuation Has Gone Wrong

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 149,872 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $24,577,509.28. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 15,557 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $2,551,192.43. Following the transaction, the insider directly owned 415,612 shares in the company, valued at approximately $68,156,211.88. This trade represents a 3.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 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.

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.