Palantir Technologies Inc. $PLTR Shares Acquired by Legal & General Group Plc

Key Points

• Legal & General increased its stake in Palantir by 6.6% in Q3 to 13,704,938 shares (about $2.5 billion), making PLTR its 23rd largest holding and roughly 0.6% of its portfolio.
• Palantir posted strong results (Q revenue $1.41B, +70% y/y; EPS $0.25 beat) and analysts point to defense demand and AI/LLM adoption as catalysts — MarketBeat shows a Moderate Buy consensus with a $192.68 price target.
• Offsetting the bullish case, insiders have sold over 1.05 million shares (~$142M) in the past 90 days and valuation concerns remain (PE ~248), posing short‑term downside risk.

Legal & General Group Plc increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 6.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,704,938 shares of the company's stock after acquiring an additional 847,144 shares during the period. Palantir Technologies makes up approximately 0.6% of Legal & General Group Plc's holdings, making the stock its 23rd largest holding. Legal & General Group Plc owned about 0.58% of Palantir Technologies worth $2,500,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bare Financial Services Inc raised its stake in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after purchasing an additional 55 shares during the period. Delos Wealth Advisors LLC acquired a new position in shares of Palantir Technologies during the second quarter worth $29,000. Zeit Capital LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at $30,000. Financial Consulate Inc. purchased a new position in shares of Palantir Technologies in the third quarter valued at $30,000. Finally, MTM Investment Management LLC acquired a new stake in Palantir Technologies during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PLTR. Argus raised shares of Palantir Technologies to a "hold" rating in a research note on Monday, February 9th. CICC Research raised their target price on Palantir Technologies from $128.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, November 12th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, Mizuho raised Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $195.00 price target for the company in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Palantir Technologies has an average rating of "Moderate Buy" and a consensus price target of $192.68.

Key Palantir Technologies News

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

• Positive Sentiment: Geopolitical tensions (U.S.–Iran) and rising defense demand are being cited as a near‑term catalyst for more Palantir contracts and a surge in investor interest. This narrative helps explain recent share strength as investors reprice defense/AI exposure. Why Palantir Is Soaring While Big Tech Tanks
• Positive Sentiment: Industry coverage and market commentary point to accelerating adoption of Palantir’s AIP, expanding U.S. commercial sales, and improving margins — factors analysts cite in bullish forecasts for 2026 upside. Palantir Stock Forecast: Is PLTR Heading to $260 or Dropping Further From Here?
• Positive Sentiment: Multiple analyst writeups and buy‑side notes (including a Rosenblatt initiation) are highlighting Palantir’s role as an LLM/AI backbone for government and commercial customers — supporting bullish views that the company can capture displaced LLM workloads. Why Analysts Are Bullish on Palantir Technologies Inc. (PLTR)
• Neutral Sentiment: Insider/owner activity: Century Legend sold a small block of Palantir shares to boost liquidity and realize gains — a minor share sale that is unlikely to materially change ownership or outlook. Century Legend Sells Palantir Stake to Boost Liquidity and Realize Investment Gains
• Negative Sentiment: Valuation concerns are widespread: some commentators argue Palantir’s strong growth is priced for perfection and the stock could give back gains if growth expectations slip. That narrative limits upside for investors focused on valuation discipline. Prediction: This Is How Much Further Palantir Stock Could Fall in 2026
• Negative Sentiment: Broader software/AI sector weakness (the so‑called "SaaSpocalypse") and some Wall Street calls to trim richly valued AI names create downside risk; short‑term volatility could persist even if fundamentals remain solid. 2 Artificial Intelligence (AI) Stocks to Sell Before They Fall 40% and 55%, According to Wall Street Analysts

Palantir Technologies Price Performance

PLTR opened at $156.43 on Tuesday. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The stock has a market capitalization of $374.13 billion, a PE ratio of 248.31, a P/E/G ratio of 3.12 and a beta of 1.70. The firm's fifty day moving average price is $154.93 and its 200 day moving average price is $169.08.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm's revenue for the quarter was up 70.0% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 327,088 shares of the company's stock in a transaction that occurred on 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 sale, the insider owned 592 shares in the company, valued at $79,162.24. This represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 17,438 shares of the stock in a transaction that occurred on 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 directly owned 392,370 shares in the company, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,054,279 shares of company stock valued at $142,212,233. Corporate insiders own 12.93% of the company's stock.

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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