M&T Bank Corp Has $58.20 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• M&T Bank boosted its Palantir stake by 88.3% in Q4 to 327,438 shares (an additional 153,577 shares), valued at about $58.2 million at the end of the period.
• Heavy insider selling has occurred recently — including Stephen A. Cohen’s sale of 327,088 shares (~$43.7M) and David Glazer’s sale of 17,438 shares — with insiders offloading 1,029,879 shares (~$137.7M) in the past 90 days while insiders still own 9.23% of the company.
• Business momentum and analyst interest: Palantir reported $0.25 EPS (vs. $0.23 est.) and revenue of $1.41B (up ~70% YoY), has won a $300M USDA agreement and potential DoD upside (Maven), and carries a consensus analyst rating of "Moderate Buy" with a $197.32 price target.

M&T Bank Corp grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 88.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 327,438 shares of the company's stock after buying an additional 153,577 shares during the quarter. M&T Bank Corp's holdings in Palantir Technologies were worth $58,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bare Financial Services Inc increased its stake in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after buying an additional 55 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of Palantir Technologies in the third quarter valued at $30,000. United Financial Planning Group LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at $32,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at $32,000. Finally, Clayton Financial Group LLC increased its stake in shares of Palantir Technologies by 500.0% in the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock valued at $32,000 after buying an additional 150 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 327,088 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the transaction, the insider owned 592 shares in the company, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 17,438 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider owned 392,370 shares in the company, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. Insiders own 9.23% of the company's stock.

Palantir Technologies Trading Up 4.6%

Shares of PLTR opened at $152.62 on Thursday. Palantir Technologies Inc. has a 1 year low of $97.83 and a 1 year high of $207.52. The stock has a market cap of $365.02 billion, a P/E ratio of 242.26, a price-to-earnings-growth ratio of 2.81 and a beta of 1.68. The stock's 50-day moving average price is $144.25 and its two-hundred day moving average price is $164.28.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter last year, the business earned $0.14 earnings per share. The company's revenue was up 70.0% compared to the same quarter last year. As a group, equities analysts forecast that Palantir Technologies Inc. will post 1.05 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. William Blair upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating in a research note on Monday, February 2nd. The Goldman Sachs Group lowered their price objective on Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Cantor Fitzgerald reiterated a "neutral" rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Freedom Capital upgraded Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, February 13th. Finally, Robert W. Baird upgraded Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price objective for the company in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $197.32.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Won a $300 million Blanket Purchase Agreement with the U.S. Department of Agriculture to modernize farm services and national farm security — a sizable, multi‑year government revenue opportunity that directly supports Palantir’s government backlog and recurring-revenue story. USDA and Palantir sign $300 million software purchase agreement
• Positive Sentiment: Report that the Department of Defense has requested $2.3 billion for the Maven Smart System — if funded, this would underwrite large-scale DoD deployment of Palantir tech and materially expand its defense TAM. Palantir Stock: DOD Seeks 'Massive' $2.3 Billion Funding For Maven System
• Positive Sentiment: Picked up additional U.S. federal wins (FAA sole‑source data modernization contract and SMART AI finalist mentions) that broaden Palantir’s footprint in critical infrastructure — reinforces government sector momentum. Palantir’s FAA Win And Manifesto Reframe Long Term Government Risk Profile
• Positive Sentiment: Quarterly results and company commentary showing accelerating revenue (reported ~70% YoY growth in recent period) continue to underpin the AI/revenue narrative that investors are rewarding. Palantir Rallies 4% as 70% Revenue Surge Overshadows Mizuho Price Target Cut
• Positive Sentiment: Some analysts (e.g., William Blair) remain bullish, citing deepening DoD ties and Maven growth despite valuation risks — supports buy-side interest on contract news. Deepening DoD Ties and Maven Smart System Growth Underpin Palantir Buy Rating Despite Valuation Risk
• Neutral Sentiment: DA Davidson reiterated a neutral rating with a $180 target — acknowledges the company’s strengths but signals tempered upside at current multiples. Is Palantir Technologies Inc. (PLTR) One of the Top Software Stocks?
• Neutral Sentiment: Mizuho trimmed its price target (from $195 to $185) but kept an Outperform rating — mixed signals on valuation vs. growth. Here’s Why Mizuho Lowered Price Target on Palantir Technologies (PLTR)
• Negative Sentiment: Persistent valuation concerns: several outlets argue PLTR remains richly priced versus fundamentals (some bear pieces predict large downside), creating sensitivity to any slowdown or weaker guidance. Prediction: Palantir Stock Could Fall 80% Further
• Negative Sentiment: CEO Alex Karp’s widely discussed manifesto has drawn criticism in some markets and stirred reputational debate — a potential political/regulatory risk for a government‑centric contractor. Palantir published a mini manifesto calling some cultures ‘harmful and middling’ and said Silicon Valley has ‘a moral debt’ to the U.S.
• Negative Sentiment: Some commentary flagged insider selling and the risk that strong headline wins are already priced in — could cap near‑term upside if buyers don’t follow through. Palantir Stock Pops on USDA Deal. Should You Buy PLTR Stock Here?

Palantir Technologies Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

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