Palantir Technologies Inc. $PLTR Position Increased by M&T Bank Corp

Key Points

• M&T Bank Corp increased its stake in Palantir by 17.6% in Q4 to 204,462 shares, valued at about $36.34 million after buying an additional 30,601 shares.
• Q1 beat and raised guidance: Palantir reported revenue of $1.63 billion and EPS of $0.33, topping estimates, raised FY‑2026 revenue guidance, and said U.S. commercial revenue more than doubled with a Rule of 40 near 145%.
• Despite the strong quarter, substantial insider selling occurred (over 1.03 million shares sold in the past 90 days, including Stephen Cohen's 327,088‑share sale) and some analysts flag valuation concerns (P/E ~231.8) amid mixed ratings.

M&T Bank Corp boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 204,462 shares of the company's stock after buying an additional 30,601 shares during the quarter. M&T Bank Corp's holdings in Palantir Technologies were worth $36,343,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock worth $38,295,188,000 after acquiring an additional 1,557,828 shares during the last quarter. State Street Corp lifted its holdings in shares of Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Palantir Technologies by 5.9% during the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock valued at $3,976,534,000 after purchasing an additional 1,213,529 shares during the last quarter. Northern Trust Corp boosted its position in shares of Palantir Technologies by 3.8% in the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company's stock valued at $3,846,957,000 after purchasing an additional 769,238 shares during the period. Finally, Amundi increased its stake in Palantir Technologies by 38.7% in the 3rd quarter. Amundi now owns 15,679,158 shares of the company's stock worth $2,814,879,000 after purchasing an additional 4,373,201 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $146.03 on Tuesday. The firm's 50 day moving average price is $145.27 and its two-hundred day moving average price is $162.50. Palantir Technologies Inc. has a twelve month low of $105.32 and a twelve month high of $207.52. The firm has a market cap of $349.26 billion, a PE ratio of 231.80, a P/E/G ratio of 2.69 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the firm posted $0.13 EPS. The business's revenue was up 84.7% compared to the same quarter last year. Equities analysts anticipate that Palantir Technologies Inc. will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 1,232 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the sale, the insider owned 43,108 shares of the company's stock, valued at $5,564,380.64. This trade represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Q1 beat-and-raise: Palantir posted stronger-than-expected results (Q1 revenue ~$1.63B; EPS beat) and raised FY 2026 revenue guidance, signaling durable demand and turning expectations higher. Palantir Reports Q1 2026 — Business Wire
• Positive Sentiment: U.S. commercial acceleration: Management said U.S. commercial revenue more than doubled and the CEO described the U.S. business as “erupting,” which supports the raised guidance and implies strong secular AI-driven demand. Palantir Boosts Outlook — Investopedia
• Positive Sentiment: Margin and growth quality: Palantir’s Rule of 40 jumped to a record level (reported ~145%), indicating rare revenue growth combined with margin expansion — a bullish operational signal. Rule of 40 Hits 145% — Seeking Alpha
• Positive Sentiment: High‑profile endorsement: Prominent commentators (e.g., Jim Cramer) are highlighting Palantir as a long‑term AI play, which can support retail interest and momentum. Jim Cramer on Palantir — InsiderMonkey
• Neutral Sentiment: Volatility expected: Options and prediction markets priced a large post‑earnings swing, so short‑term moves may be amplified even after the beat. Options Traders Expect Big Swing — TipRanks
• Neutral Sentiment: Macro and headline risk: Broader market weakness (geopolitical tensions) is keeping trading choppy; Palantir can both benefit from defense/government demand and be dragged by risk‑off flows. Market Context — Investor's Business Daily
• Negative Sentiment: Valuation and competition concerns: Some analysts warn the stock is richly valued and competitors (new enterprise AI entrants) could pressure long‑term TAM growth; that viewpoint could cap multiple expansion. Market Size Limits — Seeking Alpha
• Negative Sentiment: Mixed analyst reactions and insider sales: Despite the beat, a few shops issued cautious notes or downgrades and filings show substantial insider selling activity — potential near‑term headwinds for sentiment. Analyst Downgrades — Invezz Insider Selling & Financials — QuiverQuant

Analyst Ratings Changes

Several analysts have issued reports on PLTR shares. Benchmark assumed coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a "hold" rating on the stock. Weiss Ratings downgraded shares of Palantir Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, April 27th. Jefferies Financial Group set a $208.00 price target on shares of Palantir Technologies in a research report on Thursday, January 22nd. Oppenheimer began coverage on shares of Palantir Technologies in a research report on Thursday. They set an "outperform" rating and a $200.00 price objective on the stock. Finally, Mizuho reduced their target price on Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.17.

Palantir Technologies Company 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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