Russell Investments Group Ltd. Acquires 315,039 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Russell Investments increased its stake in Palantir by 37.1% in Q3, buying 315,039 shares to hold 1,164,174 shares valued at about $212.1 million.
• Insiders sold heavily recently—Alexander Karp sold 493,025 shares and Stephen Cohen 327,088, with insiders disposing of 1,054,279 shares worth roughly $142.2 million in the last 90 days (insiders now own 9.23%).
• Analyst/financial momentum: the stock has a consensus "Moderate Buy" and $192.68 average price target, and Palantir beat the quarter (EPS $0.25 vs $0.23) with revenue up 70% YoY to $1.41 billion.

Russell Investments Group Ltd. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 37.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,164,174 shares of the company's stock after purchasing an additional 315,039 shares during the period. Russell Investments Group Ltd.'s holdings in Palantir Technologies were worth $212,075,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Gerber Kawasaki Wealth & Investment Management raised its stake in Palantir Technologies by 1.3% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 12,427 shares of the company's stock worth $2,267,000 after buying an additional 163 shares in the last quarter. Orca Wealth Management LLC bought a new position in shares of Palantir Technologies in the 3rd quarter worth $256,000. Certified Advisory Corp lifted its stake in shares of Palantir Technologies by 30.8% during the 3rd quarter. Certified Advisory Corp now owns 3,700 shares of the company's stock worth $675,000 after purchasing an additional 871 shares during the last quarter. PFG Advisors boosted its position in Palantir Technologies by 44.1% during the third quarter. PFG Advisors now owns 27,484 shares of the company's stock valued at $5,014,000 after purchasing an additional 8,413 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its stake in Palantir Technologies by 4.2% in the third quarter. Diversify Advisory Services LLC now owns 158,074 shares of the company's stock valued at $28,836,000 after purchasing an additional 6,375 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $860,507,475.24. The trade was a 7.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 327,088 shares of the 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 completion of the sale, the insider owned 592 shares in the company, valued at $79,162.24. The trade was a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,054,279 shares of company stock worth $142,212,233 in the last ninety days. 9.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several analyst reports. Piper Sandler reissued an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 target price on shares of Palantir Technologies in a research note on Thursday, January 22nd. Robert W. Baird raised Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price target on the stock in a research report on Tuesday, February 3rd. Zacks Research cut Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 30th. Finally, Weiss Ratings lowered Palantir Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $192.68.

Key Palantir Technologies News

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

• Positive Sentiment: Geopolitical tailwind — Traders and analysts see Palantir as a direct beneficiary of the U.S.-Iran conflict given its deep ties to military and intelligence customers; defensive/A.I. spending expectations helped push the stock higher this week. Palantir rallies 15% for the week as Iran war boosts prospects, muting Anthropic concern
• Positive Sentiment: Legal win reduces IP/staff‑poaching risk — Court documents made public show a judge barred former employees from using Palantir’s proprietary data and soliciting staff, removing a near‑term competitive/legal overhang. Why Palantir Technologies Stock Popped on Friday
• Positive Sentiment: Analyst and estimate momentum — Piper Sandler and others have reiterated bullish ratings and several shops have lifted targets; earnings‑estimate revisions are trending higher, supporting the bullish narrative. Piper Sandler Remains a Buy on Palantir (PLTR) Earnings Estimates Moving Higher for Palantir
• Positive Sentiment: Strong fundamentals and AI traction — Recent results showed high revenue growth and expanding margins; investors cite Palantir’s AIP product and commercial momentum as durable growth drivers. Palantir Stock Rallies 12% in a Month: Buy, Hold, or Sell?
• Neutral Sentiment: Anthropic saga is unresolved — The Pentagon’s actions against Anthropic create both opportunity (less competition for defense work) and uncertainty; Anthropic vows to fight the designation, which keeps the outcome cloudy for contractors. Anthropic Vows Legal Fight Against Pentagon Sanction in AI Feud
• Negative Sentiment: Technical / product risk from Anthropic unwind — Reports say Palantir may need to replace Anthropic‑based components in key defense platforms, which could be costly and disruptive to Maven/AIP integrations. Palantir Faces Costly AI Overhaul After Trump Administration Bans Anthropic From Pentagon Work
• Negative Sentiment: Insider selling headline — High‑profile share sales (Peter Thiel) have grabbed attention; analysts mostly call it routine liquidity, but it can add short‑term sentiment pressure. Thiel Cashes Out $280M While the Palantir Faithful Do the Math
• Neutral Sentiment: Macro/tech weakness can dent gains — broader tech selling and global market jitters can cap upside even as defense names rally; expect headline‑driven volatility. TSLA, PLTR and SMCI Forecast – Tech Stocks Under Pressure Early

Palantir Technologies Price Performance

NASDAQ PLTR opened at $157.16 on Monday. The company has a market cap of $375.88 billion, a price-to-earnings ratio of 249.46, a PEG ratio of 3.12 and a beta of 1.70. The stock's fifty day moving average price is $155.48 and its 200 day moving average price is $169.08. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $0.14 EPS. The company's quarterly revenue was up 70.0% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Profile

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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