BOCHK Asset Management Ltd Acquires New Shares in Palantir Technologies Inc. $PLTR

Key Points

• BOCHK Asset Management acquired 3,000 Palantir shares during the third quarter, worth approximately $561,000. Institutional investors collectively own 45.65% of PLTR.
• Palantir reported a strong quarter, with earnings of $0.44 per share exceeding estimates and revenue of $2.31 billion rising 95.9% year over year. Management also raised its 2026 revenue-growth forecast to 91%.
• Despite strong growth and a consensus “Moderate Buy” rating, PLTR remains highly valued at roughly 152 times earnings and recently traded down 3.1% to $178.34, underscoring concerns about valuation and the durability of future growth.

BOCHK Asset Management Ltd acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,000 shares of the company's stock, valued at approximately $561,000.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock worth $22,146,030,000 after purchasing an additional 757,322 shares during the period. State Street Corp increased 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 valued at $12,190,903,000 after buying an additional 2,863,874 shares in the last quarter. Bank of America Corp DE raised its stake in 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 buying an additional 4,201,852 shares during the period. Amundi raised its stake in 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 buying an additional 398,093 shares during the period. Finally, Jennison Associates LLC acquired a new stake in Palantir Technologies during the 1st quarter worth $1,574,111,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 3.1%

NASDAQ PLTR opened at $178.34 on Tuesday. The firm's 50 day moving average is $186.87 and its 200-day moving average is $153.90. The company has a market capitalization of $428.56 billion, a PE ratio of 152.43, a price-to-earnings-growth ratio of 3.51 and a beta of 1.60. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm's revenue for the quarter was up 95.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 1.29 EPS for the current year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Q3 results exceeded expectations. Palantir reported adjusted earnings of $0.44 per share versus the $0.41 consensus estimate, while revenue reached approximately $2.313 billion, well above expectations of $2.18 billion and up about 96% year over year. Palantir tops third-quarter revenue estimates on strong AI software demand
• Positive Sentiment: Commercial growth is accelerating. U.S. commercial revenue increased roughly 148% year over year and surpassed U.S. government revenue for the first time, indicating that Palantir’s customer expansion and increased spending by existing clients are broadening its growth base. Palantir reports booming U.S. commercial revenue growth
• Positive Sentiment: Management raised its outlook. Palantir lifted its full-year 2026 revenue-growth forecast to 91% and increased its U.S. commercial revenue-growth outlook to 143%, reinforcing the bullish AI software demand narrative. Palantir Q3 2026 results and guidance
• Neutral Sentiment: Analyst opinion remains mixed. Cantor Fitzgerald raised its price target to $207 but retained a “neutral” rating, while JPMorgan initiated coverage with an “overweight” rating and a $262 target. These targets provide support, but also highlight the stock’s dependence on continued exceptional execution.
• Negative Sentiment: Valuation and growth durability are the main concerns. With Palantir trading at well over 100 times earnings, some analysts argue that much of the expected growth is already priced in. Articles also flagged a slowdown in new deals and questioned whether the company is replenishing its growth pipeline quickly enough. Those concerns likely explain the negative reaction despite the earnings and guidance beats. Palantir impressive numbers but something is missing

Analyst Ratings Changes

PLTR has been the subject of several research analyst reports. Raymond James Financial upgraded Palantir Technologies from a "hold" rating to a "moderate buy" rating in a research report on Thursday, October 8th. Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research note on Wednesday, October 28th. Barclays assumed coverage on shares of Palantir Technologies in a report on Friday, October 9th. They set an "overweight" rating and a $265.00 target price on the stock. DA Davidson upped their target price on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, September 11th. Finally, Piper Sandler increased their target price on Palantir Technologies from $230.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $210.30.

Insider Buying and Selling at Palantir Technologies

In related news, Director Eric Woersching sold 1,000 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the transaction, the director directly owned 3,465 shares of the company's stock, valued at approximately $710,325. This represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the transaction, the insider directly owned 56,921 shares of the company's stock, valued at $9,920,761.09. This trade represents a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 560,390 shares of company stock valued at $97,909,177 in the last ninety days. Insiders own 9.53% of the company's stock.

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.

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