58,369 Palantir Technologies Inc. $PLTR Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 604,767 shares of the company’s stock after purchasing an additional 58,369 shares during the quarter. Palantir Technologies accounts for about 0.3% of Rakuten Investment Management Inc.’s holdings, making the stock its 29th biggest position. Rakuten Investment Management Inc.’s holdings in Palantir Technologies were worth $113,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Third View Private Wealth LLC raised its stake in Palantir Technologies by 6.3% in the 3rd quarter. Third View Private Wealth LLC now owns 14,013 shares of the company’s stock valued at $2,621,000 after acquiring an additional 829 shares during the period. Provenance Wealth Advisors LLC boosted its position in Palantir Technologies by 4,043.9% during the third quarter. Provenance Wealth Advisors LLC now owns 5,097 shares of the company’s stock worth $953,000 after purchasing an additional 4,974 shares during the period. One Day In July LLC bought a new position in Palantir Technologies during the third quarter worth $302,000. RFG Holdings Inc. boosted its position in Palantir Technologies by 2.1% during the third quarter. RFG Holdings Inc. now owns 19,648 shares of the company’s stock worth $3,675,000 after purchasing an additional 404 shares during the period. Finally, Hughes Financial Services LLC boosted its position in Palantir Technologies by 12.1% during the third quarter. Hughes Financial Services LLC now owns 1,682 shares of the company’s stock worth $330,000 after purchasing an additional 181 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, Director Lauren Friedman Stat sold 5,026 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the sale, the director owned 46,402 shares of the company’s stock, valued at approximately $9,233,998. The trade was a 9.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Woersching sold 1,000 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the transaction, the director owned 3,465 shares in the company, valued at $710,325. This trade represents a 22.40% 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 a total of 557,358 shares of company stock valued at $97,408,897 in the last 90 days. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir beat estimates, reporting third-quarter revenue of $2.31 billion, up 96% year over year, and adjusted earnings of $0.44 per share. U.S. commercial revenue grew 148% to $984 million, surpassing U.S. government revenue for the first time. Palantir reports booming U.S. commercial revenue growth
• Positive Sentiment: Management raised its 2026 revenue outlook to about $8.5 billion, above consensus, and forecast fourth-quarter revenue of $2.6 billion to $2.7 billion. The company also cited strong demand for its AI products. Palantir Q3 earnings call highlights
• Positive Sentiment: Some analysts raised price targets after the results, pointing to Palantir’s growth and raised outlook. These upgrades offer support for the bullish case, though they have not erased investor concerns. Analysts raise price targets after Q3
• Neutral Sentiment: Palantir says some customers are using shorter Sovereign AI contracts while evaluating models, which it expects could expand over time. That may explain part of the bookings slowdown, but leaves uncertainty about when current demand will convert into longer-term commitments. Palantir growth and contract trends
• Negative Sentiment: Bookings were the main near-term concern: total contract value increased just 6% year over year, versus 49% in the previous quarter, while U.S. commercial contract value growth slowed sharply. Investors worry that slower new commitments could eventually temper the exceptional revenue growth. Analysts cite slower bookings growth
• Negative Sentiment: Valuation also amplifies the risk: investors appear to expect continued rapid growth, making even a slowdown in bookings a potential trigger for selling after the earnings beat. Palantir and high earnings expectations

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $235.00 price objective (up from $200.00) on shares of Palantir Technologies in a research report on Thursday, October 29th. Piper Sandler reaffirmed an “overweight” rating and set a $235.00 target price (up from $231.00) on shares of Palantir Technologies in a report on Tuesday. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a report on Tuesday, August 11th. Yorkville Ives initiated coverage on shares of Palantir Technologies in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $250.00 price target on the stock. Finally, Mizuho increased their price target on shares of Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.86.

Palantir Technologies Price Performance

PLTR opened at $175.40 on Wednesday. The business has a fifty day simple moving average of $186.86 and a 200 day simple moving average of $153.89. The company has a market capitalization of $421.50 billion, a PE ratio of 122.66, a price-to-earnings-growth ratio of 3.18 and a beta of 1.65. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. The company’s revenue for the quarter was up 95.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 1.29 earnings per share for the current fiscal year.

About Palantir Technologies

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.