Palantir Technologies Inc. $PLTR Stock Purchased by Retirement Systems of Alabama

Key Points

• Retirement Systems of Alabama increased its Palantir stake 44.7% in the third quarter, adding 215,728 shares to reach 698,082 shares valued at about $130.6 million. Other institutions also expanded holdings; institutional investors own 45.65% of the stock.
• Palantir beat quarterly expectations, reporting EPS of $0.44 and revenue of $2.31 billion; revenue rose 95.9% year over year. Analysts’ consensus rating is “Moderate Buy,” with a $214.53 average price target.
• Insiders sold 523,716 shares worth about $92.2 million over the past 90 days. The stock’s valuation is also elevated, with a reported P/E ratio of 118.32.

Retirement Systems of Alabama raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 44.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 698,082 shares of the company's stock after purchasing an additional 215,728 shares during the quarter. Retirement Systems of Alabama's holdings in Palantir Technologies were worth $130,576,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PLTR. Palacios Wealth Management LLC grew its holdings in Palantir Technologies by 1.8% during the 3rd quarter. Palacios Wealth Management LLC now owns 14,647 shares of the company's stock worth $2,740,000 after acquiring an additional 265 shares during the last quarter. Clear Wave Wealth Management LLC bought a new position in shares of Palantir Technologies in the third quarter worth about $335,000. Joseph Group Capital Management raised its stake in shares of Palantir Technologies by 43.4% in the third quarter. Joseph Group Capital Management now owns 730 shares of the company's stock worth $137,000 after acquiring an additional 221 shares during the last quarter. Fulcrum Asset Management LLP raised its stake in shares of Palantir Technologies by 170.2% in the third quarter. Fulcrum Asset Management LLP now owns 31,224 shares of the company's stock worth $5,838,000 after acquiring an additional 19,670 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Palantir Technologies by 298.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 748,895 shares of the company's stock worth $142,320,000 after purchasing an additional 560,998 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In related news, Director Eric Woersching sold 1,000 shares of the business's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the sale, the director directly owned 3,465 shares of the company's stock, valued at $710,325. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the transaction, the insider owned 56,921 shares in the company, valued at $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. 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 sold a total of 523,716 shares of company stock valued at $92,212,379 over the last 90 days. Company insiders own 9.53% of the company's stock.

Palantir Technologies Trading Up 5.5%

Shares of NASDAQ:PLTR opened at $169.20 on Tuesday. The stock has a market capitalization of $406.60 billion, a P/E ratio of 118.32, a P/E/G ratio of 3.60 and a beta of 1.65. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The business has a 50-day moving average price of $185.54 and a two-hundred day moving average price of $153.76.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Yorkville Ives began coverage on shares of Palantir Technologies in a research note on Tuesday, October 6th. They set an "outperform" rating and a $250.00 price target on the stock. Royal Bank Of Canada boosted their price objective on shares of Palantir Technologies from $90.00 to $130.00 and gave the stock an "underperform" rating in a research report on Tuesday, November 3rd. Barclays boosted their price objective on shares of Palantir Technologies from $265.00 to $273.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 4th. DA Davidson reaffirmed a "buy" rating and set a $250.00 price objective on shares of Palantir Technologies in a report on Tuesday, November 3rd. Finally, Phillip Securities lowered Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.53.

Key Palantir Technologies News

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 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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