Palantir Technologies Inc. $PLTR Stock: AEGON ASSET MANAGEMENT UK Plc Increases Stake

Key Points

• AEGON Asset Management UK increased its Palantir stake by 138.9% in the third quarter, adding 293,054 shares to reach 504,092 shares valued at about $94.3 million.
• Palantir reported quarterly revenue of $2.31 billion, up 95.9% year over year, and earnings per share of $0.44, beating analyst estimates. Analysts’ average rating was “Moderate Buy,” with an average price target of $214.53.
• Insiders sold about 523,716 shares worth $92.2 million over 90 days, while the stock’s valuation remains a concern: its market capitalization was about $406.6 billion and its P/E ratio was 118.32.

AEGON ASSET MANAGEMENT UK Plc boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 138.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 504,092 shares of the company's stock after purchasing an additional 293,054 shares during the quarter. Palantir Technologies comprises approximately 1.0% of AEGON ASSET MANAGEMENT UK Plc's holdings, making the stock its 26th largest holding. AEGON ASSET MANAGEMENT UK Plc's holdings in Palantir Technologies were worth $94,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Jennison Associates LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Palantir Technologies by 277.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares during the period. Bank of America Corp DE grew its holdings 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 valued at $2,755,883,000 after purchasing an additional 4,201,852 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Palantir Technologies by 795.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company's stock valued at $480,247,000 after purchasing an additional 2,952,079 shares during the last quarter. Finally, State Street Corp raised its position in Palantir Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Eric Woersching sold 1,000 shares of the company's stock in a transaction 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 sale, the director owned 3,465 shares in the company, valued at $710,325. This represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company's stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. 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 523,716 shares of company stock valued at $92,212,379 over the last ninety days. Company insiders own 9.53% of the company's stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s latest results and earnings-call commentary highlighted fast growth and profitability. The supplied earnings figures show revenue up 95.9% year over year and above estimates, with earnings per share also beating expectations—supporting the growth case. Palantir Earnings Call Highlights Explosive Growth and Profitability
• Positive Sentiment: U.S. commercial revenue reportedly more than doubled and overtook government revenue for the first time, signaling that enterprise AI is becoming a larger growth engine beyond government contracts. Palantir’s Commercial AI Business Just Changed the Story
• Positive Sentiment: AmeriLife selected Palantir for an enterprise AI partnership across insurance and retirement distribution, with existing workflows in production and a broader rollout planned. The deal offers a concrete example of commercial adoption. Palantir Lands Enterprise AI Partnership
• Positive Sentiment: Former Senator Jon Tester is joining as an adviser. The appointment may help Palantir navigate increased congressional scrutiny, though the article also notes strong commercial momentum. Former Senator Jon Tester Joins as Adviser
• Neutral Sentiment: Northland Securities lifted its earnings estimates, a supportive analyst signal, but the brief report provides no details on the size of the revisions. PLTR Stock Earnings Estimates Lifted
• Negative Sentiment: Valuation remains a key risk: coverage notes that Palantir’s market value above $400 billion may limit future returns, while its high earnings multiple leaves the stock vulnerable if growth expectations cool. Could Buying Palantir Stock Today Set You Up for Life?
• Negative Sentiment: Some investors have sold AI stocks despite strong company results, and Palantir had recently dipped after earnings. That market-wide sentiment may keep volatility elevated even as its business grows. Wall Street Is Dumping AI Stocks Even as Business Booms

Palantir Technologies Stock Up 5.5%

PLTR opened at $169.20 on Tuesday. The stock's fifty day moving average is $185.54 and its two-hundred day moving average is $153.76. The company has a market capitalization of $406.60 billion, a P/E ratio of 118.32, a PEG ratio of 3.60 and a beta of 1.65. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the business earned $0.21 EPS. The business's revenue for the quarter was up 95.9% compared to the same quarter last year. Equities analysts anticipate that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PLTR shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $225.00 target price on shares of Palantir Technologies in a research note on Monday, October 26th. Truist Financial reiterated a "buy" rating and issued a $250.00 target price (up from $223.00) on shares of Palantir Technologies in a research note on Tuesday, November 3rd. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. KeyCorp reissued a "sector weight" rating on shares of Palantir Technologies in a research note on Wednesday, November 4th. Finally, JPMorgan Chase & Co. began coverage on shares of Palantir Technologies in a report on Thursday, October 29th. They issued an "overweight" rating and a $262.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and an average price target of $214.53.

Palantir Technologies Profile

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company's platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.

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