Palantir Technologies Inc. $PLTR Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 63,121 shares of the company’s stock after buying an additional 5,555 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Palantir Technologies were worth $11,220,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PLTR. Vanguard Group Inc. lifted its position in Palantir Technologies by 4.0% during the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after buying an additional 8,168,604 shares in the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares during the last quarter. Amundi increased its position in Palantir Technologies by 38.7% during the third quarter. Amundi now owns 15,679,158 shares of the company’s stock worth $2,814,879,000 after purchasing an additional 4,373,201 shares during the last quarter. Wellington Management Group LLP raised its stake in Palantir Technologies by 228.0% during the third quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company’s stock worth $945,403,000 after purchasing an additional 3,602,471 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Palantir Technologies by 16.0% in the 2nd quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock valued at $2,806,182,000 after buying an additional 2,838,300 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PLTR shares. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Mizuho raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 target price for the company in a research note on Wednesday, February 18th. Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Palantir Technologies in a research note on Monday, March 16th. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Tuesday, February 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Palantir Technologies in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $198.59.

Palantir Technologies Stock Up 6.3%

NASDAQ PLTR opened at $146.28 on Wednesday. Palantir Technologies Inc. has a 52 week low of $66.12 and a 52 week high of $207.52. The firm has a 50 day moving average of $146.95 and a two-hundred day moving average of $168.18. The stock has a market capitalization of $349.85 billion, a PE ratio of 232.19, a price-to-earnings-growth ratio of 2.73 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company’s revenue was up 70.0% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: U.S. defense designation — The Pentagon named Palantir’s Maven Smart System a program of record, a formal recognition that can drive multi-year government spending and stronger recurring revenue. Why Palantir’s New Program of Record With the Pentagon Could Be a Game Changer
• Positive Sentiment: Strategic defense work — Reports that Palantir (with Anduril) is developing core software for the U.S. “golden dome” missile defense program reinforce Palantir’s positioning as mission‑critical software for national security. Palantir Is Developing the ‘Core’ of the Golden Dome. Does That Make PLTR Stock a Buy Now?
• Positive Sentiment: Material commercial renewal — Stellantis renewed and expanded a five‑year partnership to deploy Foundry and Palantir’s AI platform more broadly across manufacturing and operations, a meaningful enterprise reference customer and recurring-revenue tailwind. Palantir Technologies Announces the Renewal and Expansion of Its Partnership With Stellantis
• Positive Sentiment: Analyst support — Mizuho reaffirmed an Outperform rating and $195 price target, highlighting strong enterprise demand and giving investors confidence in upside vs. headline volatility. Palantir (PLTR) Rated Outperform on Strong Enterprise Demand
• Neutral Sentiment: Market recognition & growth metrics — Multiple pieces note Palantir’s strong Rule-of-40, rapid revenue growth and AIP traction; these support the long-term bull case but are already priced into a rich valuation. Does This Impressive Chart Justify Palantir’s High Valuation?
• Negative Sentiment: Valuation risk and skepticism — Several analysts and commentators warn PLTR is priced for perfection; famed short‑seller commentary and pieces noting a large pullback increase downside risk if growth slows. Michael Burry Says ‘Shorts Are Not Forever’ As Palantir, Nvidia Stocks Wrap A Rough Quarter
• Negative Sentiment: Sector rotation & volatility — Broader AI/tech rotation and recent profit-taking have pressured AI names; commentators note PLTR’s high multiples make it more sensitive to sentiment shifts. Everyone Is Rotating Out of Artificial Intelligence (AI) Stocks

Insider Activity

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at $79,162.24. This represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the sale, the insider directly owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,045,279 shares of company stock valued at $140,539,043 over the last 90 days. Insiders own 12.93% of the company’s stock.

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.