Palantir Technologies Inc. $PLTR Shares Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 20.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,012 shares of the company’s stock after acquiring an additional 18,634 shares during the period. First Citizens Bank & Trust Co.’s holdings in Palantir Technologies were worth $20,952,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Succession Financial Inc. increased its position in Palantir Technologies by 133.1% in the third quarter. Succession Financial Inc. now owns 4,815 shares of the company’s stock worth $901,000 after buying an additional 2,749 shares during the last quarter. XY Planning Network Inc. bought a new stake in shares of Palantir Technologies in the third quarter valued at $298,000. Define Financial LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at $255,000. Signal Advisors Wealth LLC lifted its position in shares of Palantir Technologies by 204.7% during the 3rd quarter. Signal Advisors Wealth LLC now owns 21,291 shares of the company’s stock valued at $3,982,000 after buying an additional 41,622 shares during the last quarter. Finally, Ifrah Financial Services Inc. purchased a new stake in Palantir Technologies in the 3rd quarter worth about $293,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s latest operating trends remain a major bullish factor. Revenue rose 92.8% year over year in the most recently reported quarter, earnings exceeded expectations, and management raised fiscal 2026 revenue guidance. Several analysts and investors argue that consensus estimates may still be too conservative. Palantir growth and guidance article
• Positive Sentiment: The company’s partnership with Ondas to launch Regna AI could broaden Palantir’s sovereign-defense opportunity. The standalone venture will develop specialized AI models for drones, surveillance systems, ground vehicles and other mission-critical platforms, potentially supporting future government demand. Regna AI announcement
• Neutral Sentiment: Palantir scheduled its third-quarter 2026 earnings release for November 2 after the market close. Investors will look for evidence that the company can sustain its rapid growth and justify its premium valuation. Palantir earnings announcement
• Neutral Sentiment: CTO Shyam Sankar’s criticism of AI safety advocates and comments about the Pentagon’s AI strategy reinforce Palantir’s defense-focused positioning, but the provocative tone could attract regulatory or reputational attention. Palantir CTO comments
• Negative Sentiment: Director Lauren Friedman Stat sold 5,026 shares for approximately $1.0 million, while insider Ryan Taylor sold 18,000 shares for about $3.6 million. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance, but continued insider selling can weigh on sentiment. Palantir insider selling report
• Negative Sentiment: Phillip Securities downgraded Palantir to “hold,” while valuation analyses describe the shares as expensive, with a very high earnings multiple and the stock trading above the average published analyst target. This leaves the shares vulnerable to profit-taking if growth slows. Palantir rating downgrade

Palantir Technologies Price Performance

Palantir Technologies stock opened at $208.67 on Wednesday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The business has a fifty day moving average price of $180.59 and a 200-day moving average price of $150.98. The firm has a market capitalization of $501.45 billion, a P/E ratio of 178.35, a PEG ratio of 2.87 and a beta of 1.60.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent research reports. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Jefferies Financial Group reiterated an “underperform” rating and set a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Oppenheimer downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Northland Securities set a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Palantir Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.54.

Insiders Place Their Bets

In other news, insider Alexander C. Karp sold 492,348 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the sale, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. The trade was a 9.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 559,390 shares of company stock worth $97,704,177 over the last quarter. Insiders own 9.53% of the company’s stock.

Palantir Technologies Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.