Palantir Technologies Inc. $PLTR Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in Palantir by 2.7%, owning 359,684 shares after buying 9,533 more during the quarter, worth about $63.93 million.
• Insider selling was large: Shyam Sankar sold 168,004 shares (~$22.47M) and David Glazer sold 17,438 shares, with insiders offloading 1,029,479 shares (~$137.7M) over the past 90 days while still owning 9.53% of the stock.
• Blowout Q1 results: Palantir posted revenue up ~84.7% YoY to $1.63B and EPS of $0.33 (beating estimates) and raised FY guidance, though analyst views remain mixed with a consensus rating of "Moderate Buy" and an average price target of $194.25.

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 359,684 shares of the company's stock after acquiring an additional 9,533 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Palantir Technologies were worth $63,934,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Occidental Asset Management LLC lifted its holdings in Palantir Technologies by 2.8% in the third quarter. Occidental Asset Management LLC now owns 1,964 shares of the company's stock worth $358,000 after purchasing an additional 53 shares during the period. Gallacher Capital Management LLC lifted its holdings in Palantir Technologies by 2.2% in the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company's stock valued at $447,000 after acquiring an additional 53 shares during the last quarter. Bare Financial Services Inc lifted its holdings in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after acquiring an additional 55 shares during the last quarter. AlphaQuest LLC lifted its holdings in Palantir Technologies by 15.8% in the 3rd quarter. AlphaQuest LLC now owns 425 shares of the company's stock valued at $78,000 after acquiring an additional 58 shares during the last quarter. Finally, Beaumont Financial Advisors LLC lifted its holdings in Palantir Technologies by 2.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company's stock valued at $527,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 168,004 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 $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares of the company's stock, valued at $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 17,438 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the sale, the insider directly owned 392,370 shares of the company's stock, valued at $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. Insiders own 9.53% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $135.91 on Wednesday. The stock has a market cap of $325.06 billion, a price-to-earnings ratio of 152.71, a PEG ratio of 2.73 and a beta of 1.52. The business has a 50 day simple moving average of $145.29 and a 200 day simple moving average of $162.19. Palantir Technologies Inc. has a 52 week low of $105.32 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.54 billion. Palantir Technologies had a return on equity of 30.26% and a net margin of 43.67%.The company's revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, analysts predict that Palantir Technologies Inc. will post 1.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PLTR. Robert W. Baird raised shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price target for the company in a report on Tuesday, February 3rd. Benchmark started coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a "hold" rating on the stock. Royal Bank Of Canada reiterated an "underperform" rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Tuesday. UBS Group upped their target price on Palantir Technologies from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, March 18th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $230.00 target price on shares of Palantir Technologies in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $194.25.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Blowout Q1 results and higher guidance — revenue jumped ~85% and Palantir raised FY guidance after the quarter, demonstrating strong demand (especially U.S.). Palantir Reports Q1 2026 — Business Wire
• Positive Sentiment: Margins, cash flow and Rule of 40 look excellent — analysts note accelerating profitability and a very strong Rule of 40 score, which supports a longer‑term growth + efficiency narrative. Palantir Tops Q1 Estimates — Benzinga
• Positive Sentiment: Bullish analyst actions — several firms raised targets or reiterated conviction (Rosenblatt raised its PT to $225; Wedbush and Oppenheimer remain constructive). Rosenblatt Raises PT to $225 — 247WallSt
• Neutral Sentiment: Wall Street is split — coverage shows a wide dispersion of views and targets, so near‑term headline moves may be driven more by positioning than fundamentals. Analysts Split After Q1 — TipRanks
• Neutral Sentiment: Options and traders priced for a big swing around earnings — elevated implied volatility suggests traders expected a larger immediate move than what materialized. Options Data Ahead Of Earnings — Barchart
• Negative Sentiment: Shares fell despite the beat — investors cited an extreme valuation multiple and concerns that parts of commercial revenue lagged expectations, leaving little room for disappointment. Stock Tumbles Despite Beats — Yahoo Finance
• Negative Sentiment: Analyst downgrades and target trims — some firms (e.g., HSBC/other shops) trimmed targets or moved to Hold, citing valuation and moat concerns. Is Palantir Losing Its Moat? — Yahoo Finance
• Negative Sentiment: Notable short interest and high‑profile critics — Michael Burry publicly opened a short position on PLTR, which adds selling pressure and headlines. Michael Burry Shorts Palantir — Business Insider

About Palantir Technologies

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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