Palantir Technologies Inc. $PLTR Stock Position Increased by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,072 shares of the company’s stock after buying an additional 44,848 shares during the quarter. New York Life Investment Management LLC’s holdings in Palantir Technologies were worth $68,287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased 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 worth $22,146,030,000 after acquiring an additional 757,322 shares in the last quarter. State Street Corp raised its position in Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after acquiring an additional 2,863,874 shares during the period. Bank of America Corp DE lifted its holdings in Palantir Technologies by 1.0% during 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 purchasing an additional 180,486 shares in the last quarter. Amundi lifted its holdings in Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after purchasing an additional 1,212,653 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in Palantir Technologies during the first quarter valued at $1,574,111,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s latest quarter showed rapid growth and profitability: revenue rose nearly 96% year over year and exceeded expectations, while U.S. commercial revenue more than doubled. That commercial momentum may help offset reliance on government contracts. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Positive Sentiment: ETFs purchased $75.3 million of PLTR shares on Nov. 6, with more funds buying than selling, indicating institutional demand. Article: ETFs Are Buying Palantir (PLTR) on Nov. 6
• Neutral Sentiment: A technical analysis article pointed to a historically bullish signal, but the provided report did not specify its details or guarantee future gains. Article: This Software Stock Bull Signal Has Never Been Wrong
• Negative Sentiment: Investors may be weighing political and budget risk: the incoming Congress could reject or revise the proposed 2027 defense budget, potentially affecting Palantir’s government business. The concern comes even as commercial growth accelerates. Article: As Democrats Take Over Congress, Is Palantir Stock at Risk?
• Negative Sentiment: Valuation remains a headwind. Commentary cautioned that the shares may be expensive despite strong commercial AI growth, leaving them vulnerable to profit-taking or a broader AI-sector pullback. Article: Palantir’s Commercial AI Business Just Changed the Story, But It’s Stock Could Be Too Expensive

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 firm’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the sale, the insider directly owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 523,716 shares of company stock valued at $92,212,379 in the last ninety days. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Down 0.2%

Shares of PLTR opened at $168.82 on Wednesday. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94. The firm has a market capitalization of $405.68 billion, a P/E ratio of 118.06, a P/E/G ratio of 3.42 and a beta of 1.65. The firm has a 50-day moving average price of $185.19 and a 200 day moving average price of $153.77.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLTR. Piper Sandler reiterated an “overweight” rating and issued a $235.00 target price (up from $231.00) on shares of Palantir Technologies in a research report on Tuesday, November 3rd. KeyCorp restated a “sector weight” rating on shares of Palantir Technologies in a research report on Wednesday, November 4th. Oppenheimer restated an “outperform” rating and set a $235.00 price target (up from $200.00) on shares of Palantir Technologies in a research report on Thursday, October 29th. Barclays raised their price target on shares of Palantir Technologies from $265.00 to $273.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and an average target price of $214.53.

Palantir Technologies Profile

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.