New York Life Investment Management LLC Raises Holdings in Palantir Technologies Inc. $PLTR

New York Life Investment Management LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 308,531 shares of the company’s stock after purchasing an additional 19,200 shares during the period. New York Life Investment Management LLC’s holdings in Palantir Technologies were worth $56,282,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PLTR. Financial Consulate Inc. acquired a new stake in shares of Palantir Technologies in the third quarter valued at approximately $30,000. Retirement Wealth Solutions LLC purchased a new stake in Palantir Technologies in the 3rd quarter valued at $31,000. Flagship Wealth Advisors LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth $32,000. Marquette Asset Management LLC purchased a new position in Palantir Technologies during the 3rd quarter worth $34,000. Finally, Millstone Evans Group LLC increased its stake in Palantir Technologies by 98.0% in the third quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock valued at $36,000 after purchasing an additional 98 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLTR. Daiwa Securities Group increased their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. DA Davidson dropped their target price on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Citigroup increased their price target on Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, CICC Research boosted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Eleven equities research analysts have rated the stock with 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, the company currently has an average rating of “Hold” and an average price target of $191.95.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $135.90 on Monday. The company has a market cap of $323.91 billion, a P/E ratio of 215.72, a price-to-earnings-growth ratio of 2.61 and a beta of 1.64. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52. The business has a fifty day moving average of $173.84 and a two-hundred day moving average of $173.38.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was up 70.0% on a year-over-year basis. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 308,635 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $50,613,053.65. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at $97,082.08. This trade represents a 99.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alexander C. Karp sold 359,325 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 value of $58,925,706.75. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,054,825,989.42. This represents a 5.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,023,844 shares of company stock valued at $167,455,085 in the last 90 days. 9.23% of the stock is owned by corporate insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir announced a partnership with Cognizant to accelerate AI-driven healthcare modernization, expanding Foundry/AIP distribution into large healthcare IT workflows — a commercially meaningful customer/partner win that supports revenue growth expectations. Palantir (PLTR) Cognizant partner to accelerate AI-driven healthcare modernization
• Positive Sentiment: Recent quarterly results show revenue and EPS beats (strong growth and improving margins), which underpin the company’s fundamentals and help explain buy-the-dip interest from some investors. Strong Palantir (PLTR) Results Fail to Shift RBC’s Bearish Stance
• Neutral Sentiment: Some investors/publications argue Palantir could stabilize after the pullback (a view that can limit further outflows but is not a clear buy signal). ‘A Backwater No Longer’: This Investor Doesn’t Expect Palantir to Keep Dropping
• Neutral Sentiment: Billionaire Peter Thiel’s hedge fund holdings do not include Palantir (and his public commentary is more philosophical than a direct endorsement), which is notable given his role but ambiguous for the stock’s near-term flow. The Only 3 AI Stocks Billionaire Peter Thiel’s Hedge Fund Owns (Hint: Palantir or Nvidia Aren’t on the List)
• Negative Sentiment: Multiple media pieces and analysts warn Palantir remains richly valued and susceptible to large pullbacks; one analysis argues historical patterns imply significantly more downside from the peak. Those narratives pressure sentiment and can drive further selling. AI Superstar Palantir Has Plunged 37% From Its All-Time High — and a Minimum Decline of 60% Should Be Expected
• Negative Sentiment: Analyst notes and commentary (Jefferies, RBC, Seeking Alpha coverage) emphasize valuation concerns despite good results; several outlets call PLTR expensive or a potential “bull trap,” keeping a cap on rerating. Palantir Technologies’ valuation concerns weighing on stock despite strong fundamentals, Jefferies says
• Negative Sentiment: Opinion pieces suggesting alternatives (e.g., UiPath) can divert investment flows away from PLTR, especially among value-seeking or rotation-minded investors. Palantir Stock Is Interesting, but Here’s What I’d Buy Instead

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.