31,448 Shares of Palantir Technologies Inc. $PLTR Purchased by Bellwether Advisors LLC

Bellwether Advisors LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 31,448 shares of the company's stock, valued at approximately $5,882,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its position in Palantir Technologies by 0.4% during the second 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 raised 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 worth $12,190,903,000 after acquiring an additional 2,863,874 shares during the period. Bank of America Corp DE boosted its stake in shares of Palantir Technologies by 28.7% during 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 acquiring an additional 4,201,852 shares during the last quarter. Amundi boosted its stake in shares of Palantir Technologies by 2.5% during the 1st quarter. Amundi now owns 16,410,400 shares of the company's stock worth $2,400,513,000 after acquiring an additional 398,093 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Palantir Technologies during the 1st quarter worth $1,574,111,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent research reports. Wolfe Research initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating for the company. Roth Capital began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. Barclays boosted their price target on Palantir Technologies from $265.00 to $273.00 and gave the company an "overweight" rating in a report on Wednesday, November 4th. Finally, Oppenheimer restated an "outperform" rating and issued a $235.00 price target (up from $200.00) on shares of Palantir Technologies in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $216.20.

Palantir Technologies Price Performance

Shares of PLTR stock traded down $3.59 on Friday, hitting $167.99. 15,160,139 shares of the stock traded hands, compared to its average volume of 25,516,524. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The firm has a 50 day simple moving average of $184.79 and a two-hundred day simple moving average of $153.82. The firm has a market cap of $403.69 billion, a price-to-earnings ratio of 117.48, a PEG ratio of 3.47 and a beta of 1.65.

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

Insider Transactions at Palantir Technologies

In related news, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director owned 46,402 shares of the company's stock, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 300,000 shares of the business's stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $167.03, for a total value of $50,109,000.00. Following the completion of the transaction, the insider directly owned 857,616 shares in the company, valued at approximately $143,247,600.48. This represents a 25.92% 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. Over the last 90 days, insiders have sold 908,396 shares of company stock valued at $157,146,307. 9.53% of the stock is owned by corporate insiders.

Key Palantir Technologies News

Investors following PLTR have been watching these news items:

• Positive Sentiment: Palantir’s Rule of 40 score reached 158% in Q3 2026, reflecting a combination of rapid revenue growth and stronger profitability. The company also reported 165% net dollar retention, supporting the case for continued customer expansion. Article: PLTR's Rule of 40 Hits 158%
• Positive Sentiment: Recent commentary argues Palantir’s growth story remains strong, with its AI software helping drive substantial business momentum. This provides a fundamental counterpoint to the stock’s recent weakness. Article: Palantir: High-Quality Growth Should Never Be Cheap
• Negative Sentiment: ARK Invest reportedly trimmed its Palantir position while buying another AI-related stock. The move may reinforce concerns about investor rotation away from richly valued AI names, although it reflects one fund’s portfolio decision. Article: Cathie Wood Is Buying CoreWeave and Selling Palantir

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.

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