Palantir Technologies Inc. $PLTR Stock Holdings Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 44.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 698,082 shares of the company’s stock after buying an additional 215,728 shares during the quarter. Retirement Systems of Alabama’s holdings in Palantir Technologies were worth $130,576,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its stake in Palantir Technologies by 277.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares during the last quarter. Bank of America Corp DE grew its holdings in Palantir Technologies by 28.7% during the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares during the period. Janus Henderson Group PLC grew its holdings in Palantir Technologies by 795.6% during the first quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock valued at $480,247,000 after purchasing an additional 2,952,079 shares during the period. Finally, State Street Corp grew its holdings in Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after purchasing an additional 2,863,874 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s latest results and earnings-call commentary highlighted fast growth and profitability. The supplied earnings figures show revenue up 95.9% year over year and above estimates, with earnings per share also beating expectations—supporting the growth case. Palantir Earnings Call Highlights Explosive Growth and Profitability
• Positive Sentiment: U.S. commercial revenue reportedly more than doubled and overtook government revenue for the first time, signaling that enterprise AI is becoming a larger growth engine beyond government contracts. Palantir’s Commercial AI Business Just Changed the Story
• Positive Sentiment: AmeriLife selected Palantir for an enterprise AI partnership across insurance and retirement distribution, with existing workflows in production and a broader rollout planned. The deal offers a concrete example of commercial adoption. Palantir Lands Enterprise AI Partnership
• Positive Sentiment: Former Senator Jon Tester is joining as an adviser. The appointment may help Palantir navigate increased congressional scrutiny, though the article also notes strong commercial momentum. Former Senator Jon Tester Joins as Adviser
• Neutral Sentiment: Northland Securities lifted its earnings estimates, a supportive analyst signal, but the brief report provides no details on the size of the revisions. PLTR Stock Earnings Estimates Lifted
• Negative Sentiment: Valuation remains a key risk: coverage notes that Palantir’s market value above $400 billion may limit future returns, while its high earnings multiple leaves the stock vulnerable if growth expectations cool. Could Buying Palantir Stock Today Set You Up for Life?
• Negative Sentiment: Some investors have sold AI stocks despite strong company results, and Palantir had recently dipped after earnings. That market-wide sentiment may keep volatility elevated even as its business grows. Wall Street Is Dumping AI Stocks Even as Business Booms

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PLTR shares. Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $90.00 to $130.00 and gave the stock an “underperform” rating in a report on Tuesday, November 3rd. JPMorgan Chase & Co. began coverage on shares of Palantir Technologies in a research report on Thursday, October 29th. They set an “overweight” rating and a $262.00 price target on the stock. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. William Blair restated an “outperform” rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Finally, Yorkville Ives assumed coverage on shares of Palantir Technologies in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $250.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $214.53.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $169.20 on Tuesday. The business’s 50-day simple moving average is $185.54 and its 200-day simple moving average is $153.76. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The stock has a market capitalization of $406.60 billion, a PE ratio of 118.32, a price-to-earnings-growth ratio of 3.60 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. Palantir Technologies’s revenue for the quarter was up 95.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. On average, research analysts expect that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 492,348 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Ryan D. Taylor sold 18,000 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the sale, the insider owned 274,667 shares in the company, valued at approximately $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 523,716 shares of company stock valued at $92,212,379. 9.53% of the stock is currently owned by insiders.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.