Principal Financial Group Inc. Has $584.33 Million Position in Palantir Technologies Inc. $PLTR

Key Points

• Principal Financial Group trimmed its stake by 0.5% but still holds 3,287,367 shares of Palantir—about $584.33 million worth at quarter-end.
• Palantir beat Q1 estimates (EPS $0.33 vs. $0.28; revenue $1.63B, up ~84.7% YoY), raised FY‑2026 revenue guidance, and said U.S. commercial revenue more than doubled, driving a record‑high Rule of 40 near 145%.
• Analysts show a consensus "Moderate Buy" with an average price target of $192.17, but sizeable insider selling (1,029,479 shares in the past 90 days) and valuation/competition concerns temper sentiment.

Principal Financial Group Inc. reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,287,367 shares of the company's stock after selling 15,536 shares during the quarter. Principal Financial Group Inc. owned 0.14% of Palantir Technologies worth $584,329,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares during the period. State Street Corp raised its stake in Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Invesco Ltd. raised its stake in Palantir Technologies by 5.9% during the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock valued at $3,976,534,000 after purchasing an additional 1,213,529 shares during the period. Northern Trust Corp raised its stake in Palantir Technologies by 3.8% during the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company's stock valued at $3,846,957,000 after purchasing an additional 769,238 shares during the period. Finally, Amundi raised its stake in Palantir Technologies by 38.7% during the 3rd quarter. Amundi now owns 15,679,158 shares of the company's stock valued at $2,814,879,000 after purchasing an additional 4,373,201 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on PLTR. UBS Group boosted their target price on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, March 18th. Oppenheimer began coverage on shares of Palantir Technologies in a report on Thursday. They set an "outperform" rating and a $200.00 price target on the stock. DA Davidson restated a "neutral" rating and set a $180.00 price target on shares of Palantir Technologies in a report on Thursday, April 16th. Northland Securities upgraded shares of Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a report on Tuesday, February 3rd. Finally, Citigroup lowered their price target on shares of Palantir Technologies from $260.00 to $210.00 and set a "buy" rating on the stock in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $192.17.

Palantir Technologies Trading Up 1.4%

Shares of NASDAQ:PLTR opened at $146.03 on Tuesday. The stock has a market capitalization of $349.26 billion, a PE ratio of 231.80, a P/E/G ratio of 2.69 and a beta of 1.52. Palantir Technologies Inc. has a 1 year low of $105.32 and a 1 year high of $207.52. The firm has a fifty day moving average price of $145.27 and a 200 day moving average price of $162.50.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.33 earnings per share 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 analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business's revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the transaction, the insider owned 392,370 shares of the company's stock, valued at $52,467,716.40. The trade was a 4.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 327,088 shares of the business's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $79,162.24. This represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,029,479 shares of company stock worth $137,685,797. Insiders own 9.53% of the company's stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Q1 beat-and-raise: Palantir posted stronger-than-expected results (Q1 revenue ~$1.63B; EPS beat) and raised FY 2026 revenue guidance, signaling durable demand and turning expectations higher. Palantir Reports Q1 2026 — Business Wire
• Positive Sentiment: U.S. commercial acceleration: Management said U.S. commercial revenue more than doubled and the CEO described the U.S. business as “erupting,” which supports the raised guidance and implies strong secular AI-driven demand. Palantir Boosts Outlook — Investopedia
• Positive Sentiment: Margin and growth quality: Palantir’s Rule of 40 jumped to a record level (reported ~145%), indicating rare revenue growth combined with margin expansion — a bullish operational signal. Rule of 40 Hits 145% — Seeking Alpha
• Positive Sentiment: High‑profile endorsement: Prominent commentators (e.g., Jim Cramer) are highlighting Palantir as a long‑term AI play, which can support retail interest and momentum. Jim Cramer on Palantir — InsiderMonkey
• Neutral Sentiment: Volatility expected: Options and prediction markets priced a large post‑earnings swing, so short‑term moves may be amplified even after the beat. Options Traders Expect Big Swing — TipRanks
• Neutral Sentiment: Macro and headline risk: Broader market weakness (geopolitical tensions) is keeping trading choppy; Palantir can both benefit from defense/government demand and be dragged by risk‑off flows. Market Context — Investor's Business Daily
• Negative Sentiment: Valuation and competition concerns: Some analysts warn the stock is richly valued and competitors (new enterprise AI entrants) could pressure long‑term TAM growth; that viewpoint could cap multiple expansion. Market Size Limits — Seeking Alpha
• Negative Sentiment: Mixed analyst reactions and insider sales: Despite the beat, a few shops issued cautious notes or downgrades and filings show substantial insider selling activity — potential near‑term headwinds for sentiment. Analyst Downgrades — Invezz Insider Selling & Financials — QuiverQuant

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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