Palantir Technologies Inc. $PLTR Shares Purchased by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 227.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,143 shares of the company’s stock after acquiring an additional 7,735 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Palantir Technologies were worth $2,033,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Financial Consulate Inc. purchased a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $30,000. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies during the third quarter worth approximately $31,000. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the second quarter valued at approximately $25,000. Marquette Asset Management LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at approximately $34,000. Finally, Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In other news, insider David A. Glazer sold 15,557 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the transaction, the insider directly owned 415,612 shares of the company’s stock, valued at $68,156,211.88. This represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 149,872 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at $105,410,476.14. This represents a 18.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,023,444 shares of company stock valued at $167,394,629 over the last three months. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Down 0.3%

Shares of Palantir Technologies stock opened at $178.96 on Wednesday. The firm has a market cap of $426.54 billion, a price-to-earnings ratio of 426.11, a price-to-earnings-growth ratio of 4.51 and a beta of 1.54. Palantir Technologies Inc. has a 52-week low of $65.19 and a 52-week high of $207.52. The company’s 50-day simple moving average is $178.42 and its 200-day simple moving average is $171.40.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Northland Securities lifted their price objective on shares of Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Truist Financial assumed coverage on shares of Palantir Technologies in a research note on Tuesday, January 6th. They set a “buy” rating and a $223.00 target price for the company. Royal Bank Of Canada raised their price target on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Finally, CICC Research upped their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $175.88.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Citi upgraded PLTR to Buy and raised its price target to $235, citing an AI/commercial “supercycle” and very strong revenue outlook — a catalyst that has driven buying interest and helped justify the stock’s premium. Citi Upgrades Palantir Stock (PLTR) to Buy, Sees Explosive 80% Revenue Growth
• Positive Sentiment: Company fundamentals remain supportive: recent quarters showed revenue and EPS beats and rapid top‑line growth driven by commercial AI demand and government contracts — a key reason institutions are still adding exposure. (Background earnings coverage.)
• Neutral Sentiment: Upcoming catalyst — Palantir set Q4 / full‑year 2025 earnings for Feb. 2 (post‑market) with a webcast. The print and management commentary will likely drive short‑term volatility and could either reinforce the bullish analyst views or raise fresh concerns. Palantir Announces Date of Fourth Quarter 2025 Earnings Release and Webcast
• Neutral Sentiment: High‑profile supporters (e.g., Jim Cramer coverage) and rising analyst attention help sustain momentum, but they also increase sensitivity to any near‑term disappointment. Jim Cramer Says He Believes in Palantir (PLTR)’s Management
• Negative Sentiment: Legal/IP risk: Palantir sued a small AI startup and former employees alleging trade‑secret theft and poaching; Percepta and its founders counter that the suit is an attempt to stifle competition. The dispute raises reputational and potential legal‑cost risks that can weigh on sentiment. Palantir is trying to ‘destroy’ Percepta through legal action, startup’s execs say in filing
• Negative Sentiment: Valuation and profit‑taking chatter: several pieces warn PLTR is richly valued and suggest caution or selling—these narratives increase downside risk if growth expectations slip. 3 Technology Stocks to Sell in 2026 How Concerned Should Investors Be About Palantir Stock?

About Palantir Technologies

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.