147,067 Palantir Technologies Inc. $PLTR Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Palantir stake by 28.4%, purchasing 147,067 shares to hold 664,777 shares valued at approximately $124.3 million. Institutional investors and hedge funds collectively own 45.65% of the stock.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $203.28; Goldman Sachs and Raymond James recently upgraded the shares.
• Palantir reported stronger-than-expected quarterly results, including $0.41 in earnings per share and $1.94 billion in revenue, but the stock remains richly valued at a price-to-earnings ratio above 172, while insiders have continued selling shares under pre-arranged plans.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 664,777 shares of the company's stock after buying an additional 147,067 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Palantir Technologies were worth $124,347,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jennison Associates LLC bought a new stake in shares of Palantir Technologies during the 1st quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Palantir Technologies by 28.7% in the 1st 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 during the last quarter. Janus Henderson Group PLC boosted its position in shares of Palantir Technologies by 795.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company's stock worth $480,247,000 after purchasing an additional 2,952,079 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Palantir Technologies by 2.8% in the 2nd 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 during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on PLTR. The Goldman Sachs Group upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 price objective for the company in a report on Thursday, October 8th. Robert W. Baird set a $250.00 target price on Palantir Technologies in a research note on Monday, October 12th. Roth Capital initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating on the stock. Raymond James Financial upgraded Palantir Technologies from a "hold" rating to a "moderate buy" rating in a report on Thursday, October 8th. Finally, Wolfe Research started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Moderate Buy" and an average price target of $203.28.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $201.72 on Thursday. The company has a 50 day moving average price of $183.96 and a two-hundred day moving average price of $153.14. The company has a market capitalization of $484.75 billion, a PE ratio of 172.41, a PEG ratio of 3.39 and a beta of 1.60. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly 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 company had revenue of $1.94 billion for the quarter, compared to analysts' expectations 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 last year, the firm posted $0.16 earnings per share. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Expanded sovereign-AI deployments: Palantir said it has delivered sovereign-AI capabilities to a new group of flagship customers, including L3Harris, McCarthy Building Companies, NVIDIA and Ondas. The announcement reinforces demand for Palantir’s Foundry, Ontology and Artificial Intelligence Platform (AIP), particularly among organizations requiring secure control of data and AI infrastructure. Palantir Accelerates Delivery of Sovereign AI to New Wave of Customers
• Positive Sentiment: Secure government-cloud partnership: Palantir’s agreement with Knox Systems is designed to expand deployments in FedRAMP and Impact Level 5 government-cloud environments. Investors viewed the deal as another potential catalyst for federal demand, contributing to the stock’s rebound ahead of its next earnings test. Palantir Technologies Signs Knox Partnership
• Positive Sentiment: AI-sector momentum: Buyers rotated into AI platform companies, helping Palantir outperform several software peers. Analyst Dan Ives also argues that the AI infrastructure and software spending cycle is still in its early stages, with sovereign AI providing Palantir an additional long-term growth opportunity. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Analysts raised targets: Mizuho and Baird reportedly lifted their Palantir price targets to $245 and $250, respectively, reflecting confidence in strong revenue growth and AI demand. These targets may support sentiment, but they do not remove execution risk or guarantee further upside. Palantir Stock Bounces Back Ahead of November Earnings Test
• Negative Sentiment: Extreme valuation and selling pressure: Palantir trades at a very high earnings multiple, leading analysts to warn that its price already discounts years of exceptional execution. ARK Invest also continued selling PLTR shares, while reported insider and ETF selling add potential overhead. PLTR Stock’s Biggest Risk Is Its Price

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 18,000 shares of Palantir Technologies stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the transaction, the insider directly owned 274,667 shares in the company, valued at approximately $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 560,390 shares of company stock worth $97,909,177 over the last 90 days. 9.53% of the stock is currently owned by corporate insiders.

About Palantir Technologies

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.

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