GRIMES & Co WEALTH MANAGEMENT LLC Grows Position in Palantir Technologies Inc. $PLTR

GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 227.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,143 shares of the company’s stock after buying an additional 7,735 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Palantir Technologies were worth $2,033,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PLTR. Vanguard Group Inc. lifted its holdings in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after acquiring an additional 7,194,216 shares during the last quarter. State Street Corp raised its position in Palantir Technologies by 6.9% in the second quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after purchasing an additional 6,097,629 shares during the period. Norges Bank acquired a new position in Palantir Technologies during the second quarter worth $3,307,457,000. Invesco Ltd. boosted its position in shares of Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after buying an additional 2,838,300 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at $2,543,888,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of several research reports. Daiwa Capital Markets increased their target price on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Citigroup raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $210.00 to $235.00 in a research report on Monday. Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Piper Sandler upped their target price on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Finally, Northland Securities raised their price target on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $175.88.

Palantir Technologies Stock Performance

PLTR stock opened at $178.96 on Wednesday. The company’s 50 day moving average price is $178.42 and its 200 day moving average price is $171.40. The firm has a market capitalization of $426.54 billion, a price-to-earnings ratio of 426.11, a PEG ratio of 4.51 and a beta of 1.54. Palantir Technologies Inc. has a fifty-two week low of $65.19 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $0.10 EPS. The firm’s revenue was up 62.8% on a year-over-year basis. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 149,872 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the transaction, the insider owned 642,786 shares in the company, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,444 shares of company stock valued at $167,394,629 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Citi upgraded PLTR to Buy and raised its price target to $235, citing an AI/commercial “supercycle” and very strong revenue outlook — a catalyst that has driven buying interest and helped justify the stock’s premium. Citi Upgrades Palantir Stock (PLTR) to Buy, Sees Explosive 80% Revenue Growth
• Positive Sentiment: Company fundamentals remain supportive: recent quarters showed revenue and EPS beats and rapid top‑line growth driven by commercial AI demand and government contracts — a key reason institutions are still adding exposure. (Background earnings coverage.)
• Neutral Sentiment: Upcoming catalyst — Palantir set Q4 / full‑year 2025 earnings for Feb. 2 (post‑market) with a webcast. The print and management commentary will likely drive short‑term volatility and could either reinforce the bullish analyst views or raise fresh concerns. Palantir Announces Date of Fourth Quarter 2025 Earnings Release and Webcast
• Neutral Sentiment: High‑profile supporters (e.g., Jim Cramer coverage) and rising analyst attention help sustain momentum, but they also increase sensitivity to any near‑term disappointment. Jim Cramer Says He Believes in Palantir (PLTR)’s Management
• Negative Sentiment: Legal/IP risk: Palantir sued a small AI startup and former employees alleging trade‑secret theft and poaching; Percepta and its founders counter that the suit is an attempt to stifle competition. The dispute raises reputational and potential legal‑cost risks that can weigh on sentiment. Palantir is trying to ‘destroy’ Percepta through legal action, startup’s execs say in filing
• Negative Sentiment: Valuation and profit‑taking chatter: several pieces warn PLTR is richly valued and suggest caution or selling—these narratives increase downside risk if growth expectations slip. 3 Technology Stocks to Sell in 2026 How Concerned Should Investors Be About Palantir Stock?

Palantir Technologies Company 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.