Palantir Technologies Inc. $PLTR Stock Bought by Segment Wealth Management LLC

Segment Wealth Management LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,767 shares of the company’s stock after acquiring an additional 4,788 shares during the period. Segment Wealth Management LLC’s holdings in Palantir Technologies were worth $4,446,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after purchasing an additional 757,322 shares during the period. State Street Corp raised 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 buying an additional 2,863,874 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 valued at $2,219,094,000 after buying an additional 180,486 shares during the period. 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 valued at $2,056,082,000 after buying an additional 1,212,653 shares during the period. Finally, Jennison Associates LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $1,574,111,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 8th. Northland Securities set a $200.00 price objective on Palantir Technologies in a report on Tuesday, August 4th. Jefferies Financial Group reiterated an “underperform” rating and set a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Weiss Ratings upgraded Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Royal Bank Of Canada reissued an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $205.55.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $198.84 on Tuesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The stock has a market capitalization of $477.82 billion, a price-to-earnings ratio of 169.95, a price-to-earnings-growth ratio of 3.46 and a beta of 1.60. The company’s 50 day simple moving average is $185.25 and its 200 day simple moving average is $153.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 dated 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 completion of the sale, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,390 shares of company stock worth $97,909,177 in the last three months. Insiders own 9.53% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Earnings are the key near-term catalyst. Investors expect another strong quarter after Palantir’s previous report showed 92.8% year-over-year revenue growth and an earnings beat. A further acceleration in revenue, strong demand for AIP and Ontology, or an upbeat outlook could support the stock and potentially strengthen the case for a move toward $300. Will Palantir Technologies Stock Hit $300 Before the End of 2026?
• Positive Sentiment: AI demand remains the central growth narrative. Articles highlight Palantir’s commercial AI expansion, including evidence that customers are measuring substantial productivity gains and potential opportunities in advertising and other industries outside its traditional government and enterprise markets. Palantir is taking its AI into an unexpected new business
• Positive Sentiment: Investor interest and sector positioning are favorable. Burke Wealth initiated a position, while Palantir is among software and cybersecurity names holding up as some semiconductor stocks decline. Analyst price targets cited by one report range from $231 to $250, above the referenced trading level. Burke Wealth Initiates a New Position in Palantir
• Neutral Sentiment: Short-interest data provides little signal. The latest report lists short interest at zero shares and a zero-day days-to-cover ratio, suggesting no measurable short-selling pressure, although the data conflicts with commentary that short interest increased.
• Negative Sentiment: Valuation leaves little room for disappointment. Palantir trades at roughly 122 times expected 2026 earnings, according to one report. Michael Burry reportedly remains short, framing the November 2 earnings release as a test of whether AI growth can justify the premium valuation. Michael Burry Is Shorting PLTR

Palantir Technologies Company Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.