First Horizon Corp Buys New Position in Palantir Technologies Inc. $PLTR

First Horizon Corp bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,138 shares of the company’s stock, valued at approximately $2,214,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after buying an additional 7,194,216 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after acquiring an additional 21,809 shares during the last quarter. Prentice Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth $550,000. Watershed Private Wealth LLC raised its position in shares of Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after purchasing an additional 3,350 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in shares of Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after purchasing an additional 12,300 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $179.41 on Tuesday. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The firm has a market cap of $427.61 billion, a PE ratio of 427.18, a P/E/G ratio of 4.47 and a beta of 1.54. The firm’s 50 day moving average price is $178.66 and its two-hundred day moving average price is $171.06.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $0.10 EPS. Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 308,635 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $97,082.08. This trade represents a 99.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,054,825,989.42. The trade was a 5.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,023,444 shares of company stock worth $167,394,629. Insiders own 12.93% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Citi Research upgraded PLTR to a Buy and raised its 2026 price target to $235 (from $210), citing strong sales/margin momentum and upside to 2026 estimates — a major near-term positive for investor sentiment. Palantir Stock Climbs on Citi Upgrade
• Positive Sentiment: Multiple outlets highlight Palantir as a top beneficiary of an AI “supercycle” (enterprise AI, agentic AI and defense spending), reinforcing growth expectations that support higher multiples. Palantir’s stock could benefit from this ‘supercycle’
• Positive Sentiment: Truist initiated coverage with a Buy, adding another institutional endorsement that lends support to the stock’s momentum. Truist Initiates Palantir as Buy
• Neutral Sentiment: Palantir scheduled its Q4 & full-year 2025 earnings release and webcast for Feb. 2 (post-close), which is a clear near-term catalyst — results and guidance will likely drive volatility. Earnings Release and Webcast Announcement
• Neutral Sentiment: Reported short-interest data for Jan. 12 shows an anomalous “large increase” entry but lists 0 shares/NaN change and a 0.0 days ratio — likely a reporting/data error, so it probably isn’t a meaningful market driver.
• Negative Sentiment: Several analysts/commentary warn valuation risk and the potential for a pullback (one piece flags $150 as a key level for bulls); elevated multiples mean earnings/guidance shortfalls could trigger sharp declines. Palantir: $150 Price Key For Bulls

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PLTR shares. Mizuho lifted their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. HSBC raised their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. CICC Research lifted their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $175.88.

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.