Sumitomo Mitsui Trust Group Inc. Sells 618,046 Shares of Palantir Technologies Inc. $PLTR

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,266,090 shares of the company’s stock after selling 618,046 shares during the period. Palantir Technologies makes up approximately 0.7% of Sumitomo Mitsui Trust Group Inc.’s holdings, making the stock its 21st largest position. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Palantir Technologies worth $1,172,072,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PLTR. Laurel Wealth Advisors LLC bought a new position in Palantir Technologies in the 3rd quarter worth approximately $35,000. Cranbrook Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 40.7% during the third quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock worth $37,000 after buying an additional 57 shares during the last quarter. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC boosted its position in shares of Palantir Technologies by 51.7% in the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock valued at $41,000 after acquiring an additional 74 shares during the period. Finally, Dakota Community Bank & Trust NA boosted its position in shares of Palantir Technologies by 219.1% in the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock valued at $41,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PLTR shares. The Goldman Sachs Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 target price on the stock in a research report on Thursday, October 8th. Piper Sandler increased their price target on shares of Palantir Technologies from $230.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Wolfe Research assumed coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 price target on shares of Palantir Technologies in a research report on Monday, October 26th. Finally, Roth Capital began coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.60.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $184.11 on Friday. The firm has a market cap of $442.43 billion, a P/E ratio of 157.36, a price-to-earnings-growth ratio of 3.28 and a beta of 1.60. The firm’s 50-day simple moving average is $186.90 and its 200-day simple moving average is $153.90. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.29 earnings per share for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: AI demand and earnings expectations remain strong. Analysts expect third-quarter revenue to increase about 84%, supported by demand for Palantir’s Artificial Intelligence Platform (AIP) across government and commercial customers. Investors are also looking for another revenue beat and a potential increase to full-year guidance. Will Top-Line Improvement Benefit Palantir in Q3 Earnings?
• Positive Sentiment: Several analysts see additional upside. JPMorgan initiated coverage with an Overweight rating, placed Palantir on its Analyst Focus List and set a December 2027 price target of $262. Oppenheimer also raised its target to $235 from $200 and maintained an Outperform rating, citing the potential for continued revenue beats. JPMorgan starts Palantir at Overweight
• Neutral Sentiment: Earnings are the immediate catalyst. Wall Street expects exceptional revenue and profit growth, but the stock’s roughly 60% rally since its previous report has raised the bar. Investors will focus on revenue growth, commercial customer momentum and guidance when Palantir reports. Should Palantir Stock Be in Your Portfolio Before Q3 Earnings?
• Negative Sentiment: Valuation and chart weakness are limiting enthusiasm. With a market capitalization above $440 billion and a price-to-earnings ratio near 157, Palantir has substantial growth already priced in. Shares are testing their 50-day moving average near $186.70; technical analysts identify stronger support around $160–$166 if the earnings reaction disappoints. Palantir Price Forecast: Earnings Loom as Downside Risks Build
• Negative Sentiment: Market conditions are adding pressure. A broader technology sell-off and concerns about excessive AI spending have encouraged investors to adopt a more defensive stance. Morgan Stanley has retained a Hold rating, citing Palantir’s rich valuation, while a negative earnings-surprise indicator adds near-term risk. Ahead of Palantir Earnings, Here’s What Barchart Data Says

Insiders Place Their Bets

In related news, insider Alexander Karp sold 492,348 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Shyam Sankar sold 35,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. This represents a 5.16% 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. Insiders sold a total of 560,390 shares of company stock worth $97,909,177 in the last 90 days. 9.53% of the stock is owned by corporate insiders.

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.