Palantir Technologies Inc. $PLTR Stock Holdings Increased by Washington Trust Bank

Key Points

• Washington Trust Bank raised its Palantir stake by 8.9% in Q3 to 99,420 shares worth $18.14 million, representing 1.3% of the bank’s portfolio and its 21st largest holding.
• Heavy insider selling occurred recently—Alexander Karp and Stephen Cohen sold large blocks on Nov. 20 and insiders have offloaded about 1,023,444 shares (~$167.4M) over the past 90 days, while insiders still own 9.23% of the stock.
• Palantir beat Q3 estimates with $0.21 EPS and $1.18B revenue (up 62.8% YoY), but analysts’ consensus is a Hold with a median target near $174.69 and the stock trading at a high P/E (~422.6).

Washington Trust Bank grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,420 shares of the company's stock after buying an additional 8,094 shares during the period. Palantir Technologies comprises 1.3% of Washington Trust Bank's portfolio, making the stock its 21st largest position. Washington Trust Bank's holdings in Palantir Technologies were worth $18,136,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the second quarter valued at $25,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $27,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $28,000. Finally, Delos Wealth Advisors LLC acquired a new stake in Palantir Technologies during the second quarter worth about $29,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 308,635 shares of Palantir Technologies stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $97,082.08. This trade represents a 99.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander C. Karp sold 359,325 shares of the business's stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,054,825,989.42. This represents a 5.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,023,444 shares of company stock valued at $167,394,629. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 0.4%

Shares of NASDAQ PLTR opened at $177.49 on Friday. The stock has a market cap of $423.04 billion, a P/E ratio of 422.61, a P/E/G ratio of 4.47 and a beta of 1.54. The firm's 50-day simple moving average is $179.21 and its 200 day simple moving average is $170.62. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. Palantir Technologies's revenue was up 62.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Bullish analyst views and price targets — Truist and other firms have renewed buy ratings and multi‑hundred dollar targets, and one analyst says PLTR could gain another ~20% in 2026, supporting upside potential. 1 Analyst Is Betting That Palantir Stock Can Gain Another 20% in 2026
• Positive Sentiment: Defense-sector tailwinds and government work chatter—reports that PLTR and other defense names are positioned to benefit from higher defense budgets and recent industry events have helped push interest in the stock. Palantir, Two Other Defense Names Head Toward Wins After Volatile Industry Week
• Positive Sentiment: Buy ratings tied to expanding AI backlog — some brokerages cite growing enterprise and government AI demand and reiterate buy ratings with high targets (e.g., BofA, others), reinforcing a bullish case ahead of 2025 results. Palantir (PLTR) Gets Buy Rating Amid Expanding AI Backlog
• Neutral Sentiment: Market speculation about PLTR’s role in a high‑profile international event (Venezuela) is driving chatter and short‑term volume, but details remain unconfirmed—this fuels momentum but increases event‑driven volatility. Palantir Involved in the Capture of Nicolás Maduro? Markets Think Peter Thiel-Linked Company 'Heavily Involved,' Says This Industry Commentator
• Neutral Sentiment: Analyst comparisons and AI sector context — research pieces comparing PLTR to incumbents like Oracle highlight PLTR’s AI infrastructure exposure but present tradeoffs (growth vs valuation), useful for positioning but not an immediate catalyst. Palantir or Oracle? AI Analyst Picks the Best AI Stock
• Neutral Sentiment: Consensus and valuation notes — brokerages' consensus sits around a “hold” for some firms and median price targets are near the $200 area; high multiples keep expectations elevated. Palantir Technologies Inc. NASDAQ: PLTR Receives Consensus Recommendation of "Hold" from Brokerages
• Negative Sentiment: High‑profile selling — Cathie Wood/ARK sold roughly $10M+ of PLTR recently, a visible institutional exit that can weigh on sentiment and liquidity expectations. PLTR: Cathie Wood Dumps $10 Million in Palantir Stock
• Negative Sentiment: Multiple insider and large investor sales — filings show director and other insider sales totaling millions, and coverage noting significant insider selling history, which raises governance/valuation red flags for some investors. Insider Selling: Palantir Technologies NASDAQ: PLTR Director Sells $616,590.00 in Stock Palantir Technologies NASDAQ: PLTR Insider Sells $2,176,200.00 in Stock
• Negative Sentiment: Veteran analyst warning — at least one experienced analyst has flagged legal/ reputational risk after coverage of the Venezuela episode, which could increase regulatory and contract‑risk premium. Veteran analyst sounds alarm on Palantir stock after Venezuela raid
• Negative Sentiment: Hedge fund/elite investor moves — reports that Israel Englander trimmed PLTR while rotating into other high‑momentum names adds to narrative of profit‑taking among seasoned allocators. Billionaire Israel Englander Sells Palantir Stock and Buys an AI Stock Up 27,300% Since Its IPO

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. Daiwa Capital Markets upped their target price on Palantir Technologies from $178.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, November 6th. DA Davidson increased their target price on Palantir Technologies from $170.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 4th. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 28th. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 4th. Finally, Robert W. Baird increased their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a "neutral" rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $174.69.

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.