Palantir Technologies Inc. $PLTR Stock: Assenagon Asset Management S.A. Decreases Position

Key Points

• Assenagon Asset Management cut its Palantir stake by 47.2% in the third quarter, selling 703,570 shares and retaining 787,997 shares valued at approximately $147.4 million. Despite the reduction, institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir insiders sold 560,390 shares worth about $97.9 million over the past three months, including transactions conducted under pre-arranged Rule 10b5-1 plans to cover taxes or monetize holdings.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $201.61, supported by quarterly revenue growth of 92.8% and an earnings beat. However, the stock’s elevated valuation—about 171 times earnings and near its annual high—creates risk if growth or upcoming earnings fail to exceed expectations.

Assenagon Asset Management S.A. trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 47.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 787,997 shares of the company's stock after selling 703,570 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Palantir Technologies were worth $147,395,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jennison Associates LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock worth $1,528,143,000 after buying an additional 7,678,747 shares in the last quarter. Corient Private Wealth LLC grew its stake in Palantir Technologies by 1,449.7% in the 4th quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company's stock valued at $937,205,000 after acquiring an additional 4,932,364 shares during the last quarter. Bank of America Corp DE grew its stake in Palantir Technologies by 28.7% in 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 acquiring an additional 4,201,852 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Palantir Technologies by 795.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company's stock valued at $480,247,000 after acquiring an additional 2,952,079 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 1,250 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, Director Lauren Friedman Stat sold 5,026 shares of the company's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the transaction, the director directly owned 46,402 shares of the company's stock, valued at $9,233,998. This trade represents a 9.77% 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. In the last three months, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PLTR shares. Oppenheimer downgraded shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. Mizuho upped their price target on shares of Palantir Technologies from $215.00 to $245.00 and gave the company an "outperform" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target on the stock in a report on Tuesday, August 4th. Royal Bank Of Canada reiterated an "underperform" rating and issued a $90.00 price target on shares of Palantir Technologies in a research report on Friday, July 31st. Finally, UBS Group raised their price objective on shares of Palantir Technologies from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $201.61.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $200.50 on Friday. The firm has a market cap of $481.81 billion, a P/E ratio of 171.37, a price-to-earnings-growth ratio of 3.54 and a beta of 1.60. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm's 50 day moving average price is $182.33 and its 200 day moving average price is $151.76.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The business's revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir agreed to deploy its Foundry and Artificial Intelligence Platform (AIP) with Customers Bank to automate commercial-client onboarding while preserving a high-touch banking experience. The deal expands Palantir’s commercial footprint into banking and supports the company’s broader strategy of converting AI demand into recurring enterprise contracts. Palantir Customers Bank collaboration
• Positive Sentiment: Surf Air Mobility signed its fifth OperatorOS contract, with Flying Zebra, for aviation software powered by Palantir. Although the agreement is with Surf Air rather than directly with Palantir, it provides another example of AIP-related technology gaining commercial adoption. Surf Air and Flying Zebra contract
• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral, while separate valuation research lifted its fair-value estimate to approximately $205.27 from $195.57. These actions reinforce optimism about Palantir’s AI execution, commercial growth and sovereign-AI opportunities. Palantir fair value estimate
• Neutral Sentiment: Palantir cofounder Peter Thiel and Chief Technology Officer Shyam Sankar made highly controversial comments criticizing AI regulation and AI-safety advocates. The remarks may appeal to some investors but could also increase reputational or regulatory concerns; they do not directly change Palantir’s financial outlook. Palantir CTO comments
• Negative Sentiment: Valuation remains the main overhang. With Palantir trading at roughly 171 times earnings and near its 12-month high, analysts warn that substantial future growth is already priced in, leaving limited room for weaker guidance or a slowdown in AI spending. Palantir valuation concerns
• Negative Sentiment: ARK Invest, managed by Cathie Wood, sold approximately $6.3 million of Palantir shares while reallocating capital to other AI companies. Recent Rule 10b5-1 sales by Palantir directors and executives add to the perception that some insiders are monetizing the rally. ARK Invest Palantir sale
• Negative Sentiment: Investors face a high expectations bar ahead of the expected November 2 earnings report. Palantir’s strong revenue growth and repeated earnings beats support the bullish case, but they also increase the risk of profit-taking if results or forecasts fail to exceed elevated expectations. Palantir earnings expectations

About Palantir Technologies

Palantir Technologies Inc NASDAQ: PLTR develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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