Wesbanco Bank Inc. Has $2.57 Million Stock Position in Palantir Technologies Inc. $PLTR

Wesbanco Bank Inc. increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 39.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,085 shares of the company’s stock after purchasing an additional 4,019 shares during the quarter. Wesbanco Bank Inc.’s holdings in Palantir Technologies were worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Palantir Technologies in the second quarter worth approximately $3,307,457,000. Vanguard Group Inc. boosted its stake in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. State Street Corp grew its position in Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after purchasing an additional 6,097,629 shares in the last quarter. Invesco Ltd. grew its position in Palantir Technologies by 16.0% during the 2nd quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after purchasing an additional 2,838,300 shares in the last quarter. Finally, Clear Street LLC acquired a new stake in Palantir Technologies during the 2nd quarter valued at $295,508,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir expanded its strategic relationship with Airbus to work on the Skywise open data platform, a commercial win that highlights enterprise traction outside defense and could help sustain large commercial contracts and recurring revenue. Peter Thiel’s Palantir Extends Partnership With Boeing Rival Airbus
• Positive Sentiment: Palantir posted another strong quarter (revenue and EPS beat; accelerating revenue growth and rising remaining performance obligations), underpinning the bull case for durable AI/data-platform demand. What’s next for Palantir after its blockbuster Q4 earnings?
• Positive Sentiment: Daiwa Capital upgraded PLTR to Buy and set a $180 target, citing the Q4 results and growth outlook — a vote of confidence from an institutional analyst that could support further inflows if sentiment stabilizes. Daiwa Capital Upgrades Palantir Stock (PLTR) to Buy
• Neutral Sentiment: Wall Street price targets and analyst views remain mixed — some firms raised targets or ratings while others highlight continued volatility and set conservative 12‑month forecasts. This keeps the stock sensitive to earnings and guidance updates. Wall Street sets Palantir stock price for the next 12 months
• Neutral Sentiment: Coverage pieces note Palantir’s exceptional growth metrics (U.S. commercial revenue & RPO growth) but also walk through valuation metrics investors should weigh — useful context but not an immediate catalyst. Think Palantir Stock Is Expensive? 3 Metrics Every Investor Should Consider
• Negative Sentiment: High‑profile investor Michael Burry publicly signaled a sharply bearish view on PLTR, posting analysis that targets a collapse toward ~$60 (roughly a 50%+ downside from recent levels). His involvement can amplify negative sentiment and trading volatility. Michael Burry Forecasts 58% Palantir Collapse, Targets $60
• Negative Sentiment: Reputation/legal scrutiny resurfaced after a high‑profile outlet temporarily removed and then modified Palantir coverage reportedly tied to government/ICE work; such headlines can pressure sentiment among ESG‑sensitive investors. Forbes temporarily pulls Palantir profile — allegedly over ICE contracts
• Negative Sentiment: Several commentators and some analysts warn the stock’s valuation is stretched relative to risks, advising caution or “sell into strength” despite strong growth — a headwind for new buyers at current levels. Why Palantir (PLTR) Stock Is Up Today and Why One Analyst Says Sell Into Strength

Palantir Technologies Price Performance

PLTR opened at $139.45 on Wednesday. The company has a market capitalization of $332.37 billion, a PE ratio of 221.35, a price-to-earnings-growth ratio of 2.74 and a beta of 1.64. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The business has a 50-day moving average of $172.72 and a 200-day moving average of $173.16.

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

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 400 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $151.14, for a total value of $60,456.00. Following the completion of the sale, the director directly owned 58,287 shares in the company, valued at approximately $8,809,497.18. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $2,176,200.00. Following the transaction, the insider owned 239,409 shares in the company, valued at approximately $43,416,822.15. This trade represents a 4.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,023,844 shares of company stock valued at $167,455,085. 12.93% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. HSBC raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Tuesday, February 3rd. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Tuesday, February 3rd. UBS Group lowered their target price on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Piper Sandler reissued an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $200.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $191.05.

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.