Palantir Technologies Inc. $PLTR Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 604,767 shares of the company’s stock after purchasing an additional 58,369 shares during the period. Palantir Technologies comprises 0.3% of Rakuten Investment Management Inc.’s holdings, making the stock its 29th largest position. Rakuten Investment Management Inc.’s holdings in Palantir Technologies were worth $113,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter worth about $29,000. Whipplewood Advisors LLC bought a new position in shares of Palantir Technologies during the first quarter worth about $32,000. C M Bidwell & Associates Ltd. acquired a new stake in Palantir Technologies in the 2nd quarter valued at approximately $35,000. Laurel Wealth Advisors LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at approximately $35,000. Finally, Cranbrook Wealth Management LLC raised its position in Palantir Technologies by 40.7% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock valued at $37,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent research reports. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research report on Tuesday, August 11th. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Barclays began coverage on shares of Palantir Technologies in a research report on Friday, October 9th. They issued an “overweight” rating and a $265.00 price objective on the stock. Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $90.00 to $130.00 and gave the stock an “underperform” rating in a report on Tuesday. Finally, Robert W. Baird set a $250.00 target price on shares of Palantir Technologies in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Moderate Buy” and an average target price of $212.86.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $175.40 on Wednesday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The company has a market cap of $421.50 billion, a P/E ratio of 122.66, a P/E/G ratio of 3.18 and a beta of 1.65. The stock’s 50-day simple moving average is $186.86 and its 200 day simple moving average is $153.89.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The business’s quarterly revenue was up 95.9% compared to the same quarter last year. As a group, equities analysts predict 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: Palantir beat estimates, reporting third-quarter revenue of $2.31 billion, up 96% year over year, and adjusted earnings of $0.44 per share. U.S. commercial revenue grew 148% to $984 million, surpassing U.S. government revenue for the first time. Palantir reports booming U.S. commercial revenue growth
• Positive Sentiment: Management raised its 2026 revenue outlook to about $8.5 billion, above consensus, and forecast fourth-quarter revenue of $2.6 billion to $2.7 billion. The company also cited strong demand for its AI products. Palantir Q3 earnings call highlights
• Positive Sentiment: Some analysts raised price targets after the results, pointing to Palantir’s growth and raised outlook. These upgrades offer support for the bullish case, though they have not erased investor concerns. Analysts raise price targets after Q3
• Neutral Sentiment: Palantir says some customers are using shorter Sovereign AI contracts while evaluating models, which it expects could expand over time. That may explain part of the bookings slowdown, but leaves uncertainty about when current demand will convert into longer-term commitments. Palantir growth and contract trends
• Negative Sentiment: Bookings were the main near-term concern: total contract value increased just 6% year over year, versus 49% in the previous quarter, while U.S. commercial contract value growth slowed sharply. Investors worry that slower new commitments could eventually temper the exceptional revenue growth. Analysts cite slower bookings growth
• Negative Sentiment: Valuation also amplifies the risk: investors appear to expect continued rapid growth, making even a slowdown in bookings a potential trigger for selling after the earnings beat. Palantir and high earnings expectations

Insider Activity

In other news, insider Alexander Karp sold 492,348 shares of the company’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 sale, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% decrease in their position. The sale was disclosed in a document filed 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, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares of the company’s stock, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last three months, insiders have sold 557,358 shares of company stock worth $97,408,897. Corporate insiders own 9.53% of the company’s stock.

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.