Terra Nova Asset Management LLC Makes New $1.41 Million Investment in Palantir Technologies Inc. $PLTR

Key Points

• Terra Nova Asset Management initiated a $1.41 million position in Palantir, purchasing 7,530 shares during the third quarter. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong recent results, including $1.94 billion in quarterly revenue, up 92.8% year over year, and earnings of $0.41 per share versus the $0.34 consensus estimate. Its next major catalyst is the third-quarter 2026 earnings report scheduled for November 2.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $200.54, but valuation concerns persist: the stock trades near a 179 price-to-earnings ratio, and Phillip Securities downgraded it to “hold” due to growth and competition risks.

Terra Nova Asset Management LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,530 shares of the company's stock, valued at approximately $1,408,000.

Several other hedge funds also recently bought and sold shares of PLTR. BlackRock Inc. raised its holdings in Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock valued at $22,146,030,000 after acquiring an additional 757,322 shares during the period. State Street Corp lifted its position in shares of Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company's stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares in the last quarter. Invesco Ltd. lifted its position in shares of Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Palantir Technologies by 1.0% in the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company's stock worth $2,219,094,000 after acquiring an additional 180,486 shares during the period. Finally, Amundi boosted its stake in shares of Palantir Technologies by 7.4% in the second quarter. Amundi now owns 17,623,053 shares of the company's stock worth $2,056,082,000 after acquiring an additional 1,212,653 shares during the period. Institutional investors own 45.65% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: New sovereign-defense AI venture: Palantir and Ondas announced Regna AI, a standalone company designed to develop and deploy specialized AI models for governments and mission-critical operations involving drones, surveillance systems, ground vehicles and unmanned vessels. The partnership could expand Palantir’s defense reach and reinforce its role as an infrastructure provider regardless of which major AI model wins. Ondas Announces Regna AI, Powered by Palantir, to Advance Sovereign AI
• Positive Sentiment: Continued AI optimism: Several reports cited rising enterprise AI adoption, potential government contracts and strong demand for Palantir’s software. Bullish analysts, including Dan Ives, expect the company’s growth to continue into 2027, while other coverage pointed to rising earnings estimates and a growing proportion of buy ratings. Dan Ives Remains Bullish on Palantir's Stock in 2027
• Positive Sentiment: Upcoming earnings catalyst: Palantir will report third-quarter 2026 results after the market closes on November 2, with a webcast at 5:00 p.m. ET. Investors will be watching whether its previously reported rapid revenue growth and strong deal activity are continuing. Palantir Announces Date of Third Quarter 2026 Earnings Release and Webcast
• Neutral Sentiment: Barclays initiated research coverage, adding another institutional view of the stock, but the supplied report did not include its rating or price target. Palantir Technologies Research Coverage Started at Barclays
• Negative Sentiment: Phillip Securities downgraded Palantir from “strong buy” to “hold.” The action highlights concern that the stock’s valuation—at roughly 179 times earnings and a market capitalization above $500 billion—already discounts exceptional future growth. Analysts also warned that competition and the company’s very high price-to-sales multiple increase downside risk if growth slows. Palantir Stock Moved Down to Hold by Phillip Securities

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the transaction, the insider directly owned 56,921 shares of the company's stock, valued at approximately $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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, insider Shyam Sankar sold 35,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider owned 642,786 shares of the company's stock, valued at $100,081,780.20. This represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 536,364 shares of company stock valued at $93,083,303 over the last three months. Corporate insiders own 9.53% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Cantor Fitzgerald initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set an "overweight" rating for the company. Barclays assumed coverage on Palantir Technologies in a report on Friday. They issued an "overweight" rating and a $265.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target for the company in a research note on Tuesday, August 4th. Wolfe Research assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating for the company. Finally, Oppenheimer lowered shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. One 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 given a Sell rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Moderate Buy" and an average target price of $200.54.

Palantir Technologies Stock Down 0.0%

PLTR opened at $209.00 on Tuesday. The firm has a 50-day simple moving average of $179.67 and a two-hundred day simple moving average of $150.60. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The company has a market capitalization of $502.24 billion, a PE ratio of 178.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.60.

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

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.

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.