Teacher Retirement System of Texas Sells 39,501 Shares of Palantir Technologies Inc. $PLTR

Teacher Retirement System of Texas lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.9% during the third quarter, Holdings Channel.com reports. The firm owned 766,046 shares of the company’s stock after selling 39,501 shares during the quarter. Palantir Technologies accounts for 0.6% of Teacher Retirement System of Texas’ portfolio, making the stock its 20th biggest holding. Teacher Retirement System of Texas’ holdings in Palantir Technologies were worth $139,742,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. increased its stake in shares of Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock valued at $11,187,000 after purchasing an additional 54,347 shares during the last quarter. Vanguard Group Inc. lifted its position 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 worth $28,043,432,000 after buying an additional 7,194,216 shares during the last quarter. Truist Financial Corp boosted its stake in Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares in the last quarter. Prentice Wealth Management LLC bought a new position in Palantir Technologies in the third quarter valued at about $550,000. Finally, Watershed Private Wealth LLC raised its stake in 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 acquiring an additional 3,350 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. HSBC raised their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Phillip Securities began coverage on Palantir Technologies in a research note on Thursday. They issued a “buy” rating and a $208.00 price target for the company. Cantor Fitzgerald upped their target price on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Citigroup upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $210.00 to $235.00 in a report on Monday, January 12th. Finally, Jefferies Financial Group set a $208.00 price target on shares of Palantir Technologies in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $184.07.

Insider Buying and Selling

In related news, insider David A. Glazer sold 9,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the transaction, the insider owned 413,639 shares in the company, valued at $76,899,626.49. The trade was a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 12,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the transaction, the insider directly owned 239,409 shares in the company, valued at approximately $43,416,822.15. This represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,023,444 shares of company stock worth $167,394,629 over the last ninety days. 9.23% of the stock is owned by company insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Phillip Securities initiated coverage with a Buy and a $208 price target (roughly 25% above recent levels), which is driving buying interest and headline momentum. Phillip Securities initiates coverage of Palantir Technologies (PLTR) with buy recommendation
• Positive Sentiment: Wedbush’s Daniel Ives highlighted Palantir as an AI powerhouse at Davos, reinforcing the narrative that PLTR is a key beneficiary of the AI spending cycle. NVDA, PLTR: Daniel Ives Hails Nvidia and Palantir as AI Powerhouses at Davos
• Positive Sentiment: Coverage pieces and upgrades point to large commercial deals (e.g., reported Hyundai work) and institutional buying, which support the bull case that growth can justify high multiples. Palantir Stock Won a Huge Upgrade. Can an AI Supercycle Power Shares Higher?
• Neutral Sentiment: Earnings calendar risk: Palantir will report 4Q results on Feb. 2, which is the nearest catalyst that could move shares materially in either direction. Should You Buy Palantir Stock Before Feb. 2?
• Neutral Sentiment: Mizuho reiterated a Hold but kept a $205 12‑month target — a sign that some analysts expect more upside but are cautious on near-term risk/reward. Wall Street sets Palantir stock price for the next 12 months
• Negative Sentiment: Valuation and downside warning: Jefferies analyst Brent Thill warned PLTR could fall as much as ~57% from current levels, underscoring how richly priced the stock is and amplifying volatility risk. 2 Ultra-Popular AI Stocks to Sell Before They Drop 53% and 57%, According to Wall Street Analysts
• Negative Sentiment: Critics argue Palantir’s surge and comparisons to hardware/legacy sectors signal a stretched valuation; commentary about founder actions and political donations has been used to argue the stock is overbought. When Your Software Company Gets Compared to a Chipmaker, Valuation Has Gone Wrong

Palantir Technologies Stock Up 0.3%

PLTR opened at $165.90 on Friday. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The company has a fifty day moving average of $176.73 and a 200-day moving average of $172.70. The stock has a market cap of $395.41 billion, a PE ratio of 395.01, a price-to-earnings-growth ratio of 4.16 and a beta of 1.54.

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

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.