State of New Jersey Common Pension Fund D Has $144.13 Million Stake in Palantir Technologies Inc. $PLTR

State of New Jersey Common Pension Fund D lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 790,102 shares of the company’s stock after purchasing an additional 68,713 shares during the quarter. Palantir Technologies accounts for about 0.5% of State of New Jersey Common Pension Fund D’s portfolio, making the stock its 24th biggest position. State of New Jersey Common Pension Fund D’s holdings in Palantir Technologies were worth $144,130,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kapstone Financial Advisors LLC increased its stake in Palantir Technologies by 2.4% during the 3rd quarter. Kapstone Financial Advisors LLC now owns 40,286 shares of the company’s stock worth $7,349,000 after purchasing an additional 947 shares in the last quarter. Presidio Capital Management LLC acquired a new position in shares of Palantir Technologies in the third quarter valued at approximately $248,000. Calton & Associates Inc. increased its position in shares of Palantir Technologies by 11.4% during the third quarter. Calton & Associates Inc. now owns 10,933 shares of the company’s stock worth $1,994,000 after acquiring an additional 1,116 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Palantir Technologies by 7.8% during the third quarter. PNC Financial Services Group Inc. now owns 492,480 shares of the company’s stock worth $89,838,000 after acquiring an additional 35,534 shares in the last quarter. Finally, Tower Wealth Partners Inc. raised its holdings in shares of Palantir Technologies by 17.4% during the third quarter. Tower Wealth Partners Inc. now owns 1,824 shares of the company’s stock worth $333,000 after acquiring an additional 270 shares during the period. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research analyst reports. Loop Capital reduced their target price on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Citigroup upped their price objective on Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. HSBC raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $191.05.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Strong fundamentals: Q4 results and guidance showed very strong growth (revenue up ~70% year-over-year) and expanding margins, reinforcing Palantir’s enterprise‑AI commercial momentum — a primary reason bulls say the long‑term case remains intact. Palantir Is Down 27%, But the Long-Term Math Still Favors Bulls
• Positive Sentiment: Defense/government catalyzer: DISA extended IL5/IL6 authorization to Palantir’s on‑premises and edge PFCS deployments, widening addressable opportunities for classified and edge AI workloads. Palantir Receives DISA Authorization for PFCS Forward
• Positive Sentiment: Commercial contract renewal: Palantir signed a multi‑year renewal with Airbus for Skywise, underscoring sticky enterprise relationships outside government. Palantir Signs a Multi-Year Contract Renewal With Airbus
• Neutral Sentiment: Analyst stance mixed: Some firms upgraded/affirmed PLTR on AI/contract momentum while others warn about valuation — consensus targets remain well above current levels, creating both upside and re‑rating risk. Mizuho Cautious on Valuation but Backs Palantir Growth Outlook
• Negative Sentiment: Sharp valuation‑led selloff: Heavy recent declines (reports of 25–27% pullbacks YTD) reflect retail weakness and rotation away from richly priced AI names; headlines frame PLTR as overvalued despite revenue gains. Palantir Drops 25% Despite 70% Revenue Growth
• Negative Sentiment: Bear pressure and options activity: Prominent bearish commentary (notably Michael Burry) and a large uptick in put‑option volume have amplified downside volatility and investor caution. Michael Burry’s Bearish Call on Palantir
• Negative Sentiment: Retail/social sentiment turned bearish and insider selling noted in public filings — these behavioral signals can deepen short‑term pressure even when fundamentals look strong. Quiver Quantitative Summary

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander C. Karp sold 45,564 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $7,119,375.00. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $1,005,040,312.50. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $2,176,200.00. Following the completion of the sale, the insider owned 239,409 shares in the company, valued at $43,416,822.15. This represents a 4.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,023,844 shares of company stock worth $167,455,085 in the last 90 days. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 1.7%

Shares of Palantir Technologies stock opened at $131.36 on Friday. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The business’s 50 day moving average is $169.93 and its 200-day moving average is $172.52. The stock has a market cap of $313.09 billion, a P/E ratio of 208.51, a P/E/G ratio of 2.53 and a beta of 1.64.

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

Palantir Technologies 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.