Ameriprise Financial Inc. Grows Stake in Palantir Technologies Inc. $PLTR

Ameriprise Financial Inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 66.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,655,441 shares of the company’s stock after acquiring an additional 1,856,467 shares during the quarter. Ameriprise Financial Inc. owned about 0.20% of Palantir Technologies worth $849,934,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Bare Financial Services Inc raised its holdings in Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the period. Delos Wealth Advisors LLC bought a new stake in Palantir Technologies in the second quarter worth $29,000. Zeit Capital LLC purchased a new position in Palantir Technologies during the second quarter worth $30,000. Financial Consulate Inc. purchased a new position in Palantir Technologies during the third quarter worth $30,000. Finally, MTM Investment Management LLC bought a new position in Palantir Technologies during the second quarter valued at $31,000. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 168,004 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $22,465,494.88. Following the transaction, the insider directly owned 642,786 shares in the company, valued at $85,953,343.92. This represents a 20.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $860,507,475.24. This represents a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,045,279 shares of company stock worth $140,539,043 over the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. William Blair raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective for the company in a research note on Tuesday, February 3rd. Finally, Argus upgraded Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.68.

Palantir Technologies News Roundup

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

• Positive Sentiment: Nvidia partnership: Palantir and Nvidia unveiled a sovereign AI operating‑system reference architecture, positioning Palantir to sell turnkey, government‑grade AI deployments — a clear revenue catalyst and reason analysts raised estimates. Read More.
• Positive Sentiment: Defense & industrial contract wins: GE Aerospace expanded its multi‑year deployment of Palantir AI across sustainment and production; Centrus and LG CNS also announced major partnerships — these customer wins underpin recurring commercial revenue. Read More.
• Positive Sentiment: New strategic alliances broaden addressable market: Palantir partnered with Ondas and World View for multi‑domain intelligence and highlighted customer case studies at AIPCon — supports expansion into aerospace, drones and energy. Read More.
• Positive Sentiment: Financial/operational beat and bullish analyst signal: Coverage notes a recent quarter with revenue beats and big commercial growth; Truist reiterated a Buy with a $223 target — both lend near‑term support. Read More.
• Neutral Sentiment: Wall‑street and media attention: PLTR is getting heavy analyst and retail focus (Zacks, Schwab/YouTube segments) that can amplify moves in either direction depending on flows. Read More.
• Neutral Sentiment: Analyst comparisons: Some outlets compare Palantir vs. other AI/semiconductor plays (Micron, Nvidia) — useful for framing relative valuation but not an immediate stock mover. Read More.
• Negative Sentiment: Valuation concerns after run: Coverage notes PLTR pulled back from record highs and faces steep multiples — that critique is pressuring sentiment and prompting profit‑taking. Read More.
• Negative Sentiment: Profit‑taking / short‑term selling: Analysts and trading outlets attribute today’s decline to profit‑taking after the rally, amplifying volatility. Read More.
• Negative Sentiment: Governance/tech‑credibility attacks: Michael Burry and others publicly question Palantir’s AI IP and military claims, a reputational headwind that can depress multiple and invite activist pressure. Read More.
• Negative Sentiment: Operational/geopolitical risk: Palantir’s tools are tied to Middle East operations; use of Anthropic’s Claude despite a Pentagon blacklist and IRGC threats raise policy and counterparty risk for defense contracts. Read More.
• Negative Sentiment: Media scrutiny on wartime use of Palantir systems could spur regulatory, contract or reputational fallout if incidents escalate. Read More.

Palantir Technologies Trading Down 1.7%

NASDAQ:PLTR opened at $150.95 on Friday. The company has a market cap of $361.02 billion, a price-to-earnings ratio of 239.61, a price-to-earnings-growth ratio of 2.99 and a beta of 1.70. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The stock has a fifty day simple moving average of $152.99 and a 200-day simple moving average of $168.81.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.