Palantir Technologies Inc. $PLTR Stock Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 265,373 shares of the company’s stock after buying an additional 8,452 shares during the period. Palantir Technologies accounts for about 0.6% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 28th largest holding. Crossmark Global Holdings Inc.’s holdings in Palantir Technologies were worth $49,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. increased its stake in shares of Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after buying an additional 757,322 shares in the last quarter. State Street Corp lifted its stake in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares during the period. Bank of America Corp DE boosted its holdings in Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after acquiring an additional 4,201,852 shares during the last quarter. Amundi raised its holdings in Palantir Technologies by 2.5% during the 1st quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after purchasing an additional 398,093 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Palantir Technologies during the 1st quarter valued at about $1,574,111,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PLTR. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.50 to $133.00 in a report on Monday, June 29th. Barclays initiated coverage on shares of Palantir Technologies in a research report on Friday, October 9th. They issued an “overweight” rating and a $265.00 price target on the stock. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a report on Friday, July 31st. The Goldman Sachs Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 target price on the stock in a report on Thursday, October 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.28.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Expanded sovereign-AI deployments: Palantir said it has delivered sovereign-AI capabilities to a new group of flagship customers, including L3Harris, McCarthy Building Companies, NVIDIA and Ondas. The announcement reinforces demand for Palantir’s Foundry, Ontology and Artificial Intelligence Platform (AIP), particularly among organizations requiring secure control of data and AI infrastructure. Palantir Accelerates Delivery of Sovereign AI to New Wave of Customers
• Positive Sentiment: Secure government-cloud partnership: Palantir’s agreement with Knox Systems is designed to expand deployments in FedRAMP and Impact Level 5 government-cloud environments. Investors viewed the deal as another potential catalyst for federal demand, contributing to the stock’s rebound ahead of its next earnings test. Palantir Technologies Signs Knox Partnership
• Positive Sentiment: AI-sector momentum: Buyers rotated into AI platform companies, helping Palantir outperform several software peers. Analyst Dan Ives also argues that the AI infrastructure and software spending cycle is still in its early stages, with sovereign AI providing Palantir an additional long-term growth opportunity. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Analysts raised targets: Mizuho and Baird reportedly lifted their Palantir price targets to $245 and $250, respectively, reflecting confidence in strong revenue growth and AI demand. These targets may support sentiment, but they do not remove execution risk or guarantee further upside. Palantir Stock Bounces Back Ahead of November Earnings Test
• Negative Sentiment: Extreme valuation and selling pressure: Palantir trades at a very high earnings multiple, leading analysts to warn that its price already discounts years of exceptional execution. ARK Invest also continued selling PLTR shares, while reported insider and ETF selling add potential overhead. PLTR Stock’s Biggest Risk Is Its Price

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 560,390 shares of company stock worth $97,909,177 over the last three months. Insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Up 4.7%

NASDAQ:PLTR opened at $201.72 on Thursday. The company has a market cap of $484.75 billion, a P/E ratio of 172.41, a price-to-earnings-growth ratio of 3.39 and a beta of 1.60. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94. The business has a 50 day moving average price of $183.96 and a two-hundred day moving average price of $153.14.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 92.8% on a year-over-year basis. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.