EFG Asset Management North America Corp. Trims Stake in Palantir Technologies Inc. $PLTR

EFG Asset Management North America Corp. lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 30.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,874 shares of the company’s stock after selling 14,526 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Palantir Technologies were worth $5,996,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 3.6% during the 2nd 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. State Street Corp lifted its position in Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after acquiring an additional 6,097,629 shares during the period. Norges Bank bought a new stake in Palantir Technologies during the second quarter worth about $3,307,457,000. Invesco Ltd. boosted its stake in Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after acquiring an additional 2,838,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Palantir Technologies by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 14,042,239 shares of the company’s stock worth $1,914,238,000 after purchasing an additional 427,840 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies News Summary

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

• Positive Sentiment: Bank of America reiterates Palantir as a top conviction buy for 2026, citing accelerating AI-driven revenue growth and expanding margins that support a long-term platform thesis. Read More.
• Positive Sentiment: HD Hyundai expanded its partnership with Palantir, which should increase adoption of Foundry and AIP in industrial and manufacturing use cases — a revenue-growth/enterprise-adoption positive. Read More.
• Positive Sentiment: High-profile bullish commentary (e.g., Jim Cramer) and multiple bullish takes reinforce investor confidence in Palantir’s AI positioning and long-run upside. Read More.
• Neutral Sentiment: Analysts and media continue to debate valuation and near-term catalysts; some call it a buy, others urge caution — this creates heterogeneous expectations ahead of upcoming earnings. Read More.
• Neutral Sentiment: Mixed analyst notes (e.g., “It’s not an easy call”) and head-to-head comparisons with other AI names keep volatility high around earnings. Read More.
• Negative Sentiment: A Fortune report alleges ICE has used Palantir tools to track Medicaid data to locate people for arrests — a reputational and regulatory risk that could invite scrutiny, contract reviews, or political backlash. Read More.
• Negative Sentiment: Several pieces argue other AI stocks may outperform Palantir and highlight its premium valuation; such narratives pressure sentiment if growth expectations slip. Read More.
• Negative Sentiment: Commentary warning about Palantir’s high valuation and the risk that a valuation reset could undo recent gains — a key downside risk for momentum-driven investors. Read More.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 19,004 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $100,435,312.50. This represents a 2.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at approximately $7,409,430. This trade represents a 2.59% decrease in their ownership of the stock. 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 worth $167,394,629 in the last 90 days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $167.47 on Tuesday. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52. The stock has a 50-day moving average of $176.56 and a 200 day moving average of $173.53. The company has a market capitalization of $399.15 billion, a price-to-earnings ratio of 398.75, a PEG ratio of 4.27 and a beta of 1.54.

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

Analyst Ratings Changes

PLTR has been the subject of several recent research reports. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Piper Sandler lifted their price objective on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Citigroup raised Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $210.00 to $235.00 in a report on Monday, January 12th. HSBC raised their price target on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Finally, Mizuho lifted their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $184.07.

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.