Bank of Nova Scotia Has $275.86 Million Stock Position in Palantir Technologies Inc. $PLTR

Bank of Nova Scotia increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 493.4% in the third quarter, HoldingsChannel reports. The firm owned 1,512,200 shares of the company’s stock after buying an additional 1,257,378 shares during the period. Palantir Technologies makes up 0.5% of Bank of Nova Scotia’s portfolio, making the stock its 29th largest position. Bank of Nova Scotia’s holdings in Palantir Technologies were worth $275,855,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Bare Financial Services Inc lifted its position in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in Palantir Technologies in the 3rd quarter valued at $31,000. United Financial Planning Group LLC bought a new stake in Palantir Technologies in the 3rd quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in Palantir Technologies during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Tuesday, February 10th. DA Davidson cut their target price on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Truist Financial assumed coverage on shares of Palantir Technologies in a report on Tuesday, January 6th. They set a “buy” rating and a $223.00 target price for the company. 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 research note on Tuesday, February 3rd. Finally, Mizuho raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price target on the stock in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.68.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at $860,507,475.24. The trade was a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $85,953,343.92. This represents a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,045,279 shares of company stock valued at $140,539,043 in the last quarter. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $150.95 on Friday. The stock has a market capitalization of $361.02 billion, a price-to-earnings ratio of 239.61, a PEG ratio of 2.99 and a beta of 1.70. The business’s fifty day moving average price is $152.99 and its two-hundred day moving average price is $168.81. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business posted $0.14 earnings per share. Palantir Technologies’s quarterly revenue was up 70.0% on a year-over-year basis. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Nvidia partnership: Palantir and Nvidia unveiled a sovereign AI operating‑system reference architecture, positioning Palantir to sell turnkey, government‑grade AI deployments — a clear revenue catalyst and reason analysts raised estimates. Read More.
• Positive Sentiment: Defense & industrial contract wins: GE Aerospace expanded its multi‑year deployment of Palantir AI across sustainment and production; Centrus and LG CNS also announced major partnerships — these customer wins underpin recurring commercial revenue. Read More.
• Positive Sentiment: New strategic alliances broaden addressable market: Palantir partnered with Ondas and World View for multi‑domain intelligence and highlighted customer case studies at AIPCon — supports expansion into aerospace, drones and energy. Read More.
• Positive Sentiment: Financial/operational beat and bullish analyst signal: Coverage notes a recent quarter with revenue beats and big commercial growth; Truist reiterated a Buy with a $223 target — both lend near‑term support. Read More.
• Neutral Sentiment: Wall‑street and media attention: PLTR is getting heavy analyst and retail focus (Zacks, Schwab/YouTube segments) that can amplify moves in either direction depending on flows. Read More.
• Neutral Sentiment: Analyst comparisons: Some outlets compare Palantir vs. other AI/semiconductor plays (Micron, Nvidia) — useful for framing relative valuation but not an immediate stock mover. Read More.
• Negative Sentiment: Valuation concerns after run: Coverage notes PLTR pulled back from record highs and faces steep multiples — that critique is pressuring sentiment and prompting profit‑taking. Read More.
• Negative Sentiment: Profit‑taking / short‑term selling: Analysts and trading outlets attribute today’s decline to profit‑taking after the rally, amplifying volatility. Read More.
• Negative Sentiment: Governance/tech‑credibility attacks: Michael Burry and others publicly question Palantir’s AI IP and military claims, a reputational headwind that can depress multiple and invite activist pressure. Read More.
• Negative Sentiment: Operational/geopolitical risk: Palantir’s tools are tied to Middle East operations; use of Anthropic’s Claude despite a Pentagon blacklist and IRGC threats raise policy and counterparty risk for defense contracts. Read More.
• Negative Sentiment: Media scrutiny on wartime use of Palantir systems could spur regulatory, contract or reputational fallout if incidents escalate. Read More.

Palantir Technologies Company 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.