15,733 Palantir Technologies Inc. $PLTR Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,541 shares of the company's stock after acquiring an additional 15,733 shares during the period. Maryland State Retirement & Pension System's holdings in Palantir Technologies were worth $25,353,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of 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 purchasing an additional 757,322 shares in the last quarter. State Street Corp increased its holdings 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 increased its holdings 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 raised its stake 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 buying an additional 1,212,653 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in Palantir Technologies during the first quarter valued at approximately $1,574,111,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Palantir Technologies

Here are a few of the latest stories about PLTR:

• Positive Sentiment: Palantir reported a strong third quarter, with revenue up 95.9% year over year to $2.31 billion and earnings per share of $0.44, ahead of analyst estimates. Its expanding sovereign-AI deployments across defense and other industries could support future recurring revenue, although announced deployments did not include contract values. Palantir stock slips despite strong AI revenue Palantir Stock: The 1 Number That Could Fuel Its Next Rally
• Negative Sentiment: Investors are focused on a sharp slowdown in contract momentum: total contract value reportedly grew 6% year over year, versus 49% in the prior quarter, while U.S. commercial contract value fell sequentially. This raises questions about whether strong revenue growth can continue. Palantir stock falls as Wall Street spots a warning
• Negative Sentiment: Valuation remains a concern: one comparison put Palantir at about 53 times sales, above the reported 35–39 times sales implied by Anthropic’s proposed IPO range. Cathie Wood’s reported trimming of her stake adds to the negative headlines, while Helsing’s new European military-AI platform signals a potential competitor in a strategically important market. Anthropic valuation comparison Helsing debuts military AI platform

Analyst Upgrades and Downgrades

A number of research firms have commented on PLTR. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Truist Financial reiterated a "buy" rating and issued a $250.00 price target (up from $223.00) on shares of Palantir Technologies in a report on Tuesday, November 3rd. Roth Capital began coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating for the company. JPMorgan Chase & Co. started coverage on Palantir Technologies in a research report on Thursday, October 29th. They set an "overweight" rating and a $262.00 price target on the stock. Finally, Raymond James Financial set a $255.00 price objective on Palantir Technologies in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.76.

Palantir Technologies Stock Up 2.1%

PLTR opened at $172.40 on Thursday. The firm has a market cap of $414.29 billion, a price-to-earnings ratio of 120.56, a price-to-earnings-growth ratio of 3.41 and a beta of 1.65. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The company's 50-day moving average price is $185.04 and its 200 day moving average price is $153.79.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The firm had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the company posted $0.21 earnings per share. Palantir Technologies's revenue was up 95.9% on a year-over-year basis. Research analysts anticipate that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. 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 in the company, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric H. Woersching sold 1,000 shares of the business's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the transaction, the director directly owned 3,465 shares of the company's stock, valued at $710,325. The trade was a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 523,716 shares of company stock worth $92,212,379. Corporate insiders own 9.53% of the company's stock.

About Palantir Technologies

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.

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