Palantir Technologies Inc. $PLTR Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 274,039 shares of the company’s stock after acquiring an additional 2,599 shares during the period. Oppenheimer & Co. Inc.’s holdings in Palantir Technologies were worth $51,259,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PLTR. BlackRock Inc. raised its holdings in 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 buying an additional 757,322 shares during the period. State Street Corp lifted its position in Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after buying an additional 2,863,874 shares during the last quarter. Bank of America Corp DE lifted its position in Palantir Technologies by 1.0% in the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock valued at $2,219,094,000 after buying an additional 180,486 shares during the last quarter. Amundi boosted its stake in Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after buying an additional 1,212,653 shares during the period. Finally, Jennison Associates LLC purchased a new position in Palantir Technologies during the first quarter worth about $1,574,111,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan 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 transaction of $3,620,700.00. Following the completion of the sale, the insider directly owned 274,667 shares in the company, valued at approximately $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. Insiders have sold 560,390 shares of company stock valued at $97,909,177 over the last ninety days. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $198.84 on Tuesday. The stock has a 50-day simple moving average of $185.25 and a 200-day simple moving average of $153.60. The stock has a market capitalization of $477.82 billion, a PE ratio of 169.95, a PEG ratio of 3.46 and a beta of 1.60. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on PLTR shares. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Cantor Fitzgerald started coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Monday. Mizuho boosted their target price on Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Finally, Phillip Securities cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.55.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Earnings are the key near-term catalyst. Investors expect another strong quarter after Palantir’s previous report showed 92.8% year-over-year revenue growth and an earnings beat. A further acceleration in revenue, strong demand for AIP and Ontology, or an upbeat outlook could support the stock and potentially strengthen the case for a move toward $300. Will Palantir Technologies Stock Hit $300 Before the End of 2026?
• Positive Sentiment: AI demand remains the central growth narrative. Articles highlight Palantir’s commercial AI expansion, including evidence that customers are measuring substantial productivity gains and potential opportunities in advertising and other industries outside its traditional government and enterprise markets. Palantir is taking its AI into an unexpected new business
• Positive Sentiment: Investor interest and sector positioning are favorable. Burke Wealth initiated a position, while Palantir is among software and cybersecurity names holding up as some semiconductor stocks decline. Analyst price targets cited by one report range from $231 to $250, above the referenced trading level. Burke Wealth Initiates a New Position in Palantir
• Neutral Sentiment: Short-interest data provides little signal. The latest report lists short interest at zero shares and a zero-day days-to-cover ratio, suggesting no measurable short-selling pressure, although the data conflicts with commentary that short interest increased.
• Negative Sentiment: Valuation leaves little room for disappointment. Palantir trades at roughly 122 times expected 2026 earnings, according to one report. Michael Burry reportedly remains short, framing the November 2 earnings release as a test of whether AI growth can justify the premium valuation. Michael Burry Is Shorting PLTR

Palantir Technologies Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.