Midwest Trust Co Has $9.22 Million Holdings in Palantir Technologies Inc. $PLTR

Midwest Trust Co grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 21.5% in the first quarter, HoldingsChannel reports. The fund owned 63,010 shares of the company’s stock after acquiring an additional 11,141 shares during the period. Midwest Trust Co’s holdings in Palantir Technologies were worth $9,217,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. State Street Corp boosted its position in Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after buying an additional 1,126,418 shares during the last quarter. Geode Capital Management LLC boosted its position in Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after buying an additional 805,047 shares during the last quarter. Norges Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $5,149,641,000. Finally, Invesco Ltd. increased its stake in shares of Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after buying an additional 616,297 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 165,514 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the sale, the insider owned 199,759 shares in the company, valued at approximately $27,175,214.36. This trade represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,112,270 shares of company stock worth $150,247,785 over the last ninety days. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $126.79 on Monday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The business’s 50-day moving average price is $132.58 and its two-hundred day moving average price is $146.06. The firm has a market capitalization of $303.96 billion, a price-to-earnings ratio of 142.46, a PEG ratio of 2.03 and a beta of 1.56.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company’s revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. Sell-side analysts predict that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PLTR. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Benchmark lowered shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, June 16th. Phillip Securities lifted their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Finally, DA Davidson upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $165.00 to $175.00 in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $190.85.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s U.S. business is still expanding rapidly, with one article highlighting 104% U.S. revenue growth as a key bullish number to watch. Palantir’s 104% U.S. Revenue Growth is the Key Number to Watch
• Positive Sentiment: Citi named PLTR one of its top three software stock picks for 2026, reinforcing Wall Street’s belief that Palantir remains a leading AI software name. Why Citi Picks PLTR, MDB, and SNOW as Its Top Three Software Stocks for 2026
• Positive Sentiment: Palantir landed a multiyear expansion with GNP Seguros, its first publicly disclosed commercial customer in Latin America, and finalized a deployment framework with Rackspace for regulated and sovereign environments. Palantir (PLTR) Lands First Latin America Commercial Customer With GNP And Rackspace
• Positive Sentiment: Multiple pieces note that Palantir continues to benefit from strong AI demand, a widening moat, and expectations for another strong earnings report. What to Expect From Palantir’s Q2 2026 Earnings Report
• Neutral Sentiment: Several articles framed PLTR as an expensive but high-quality AI stock, suggesting investors are focused less on the business itself and more on whether the valuation can support further upside. Palantir Stock Is Down 36% From Its All-Time High. Time to Buy?
• Negative Sentiment: One research note argued the recent bounce is not a buying opportunity, warning that Palantir’s valuation remains “nosebleed” territory compared with larger tech rivals. Palantir’s Stock Has Bounced 23% Off Its Low— One Research Firm Says That’s the Trap: ‘We Still Won’t Buy It’
• Negative Sentiment: Another article pointed out that PLTR remains far below its peak, with investors questioning whether the strong growth is enough to justify the current price. Can Palantir Stock Reach $200 in 2026?

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.