Palantir Technologies Inc. $PLTR Shares Purchased by State Street Corp

Posted by Francis Steltz on Sep 22nd, 2026

State Street Corp grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,490,468 shares of the company’s stock after purchasing an additional 2,863,874 shares during the period. State Street Corp owned approximately 4.35% of Palantir Technologies worth $12,190,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Guardian Wealth Advisors LLC NC raised its stake in shares of Palantir Technologies by 67.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after buying an additional 4,283 shares during the last quarter. World Equity Group Inc. increased its holdings in shares of Palantir Technologies by 7.2% during the 2nd quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock worth $5,090,000 after buying an additional 2,948 shares during the last quarter. Independent Financial Group LLC increased its holdings in Palantir Technologies by 20.8% in the 2nd quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock valued at $21,957,000 after purchasing an additional 32,427 shares in the last quarter. Sage Capital Advisors llc lifted its stake in shares of Palantir Technologies by 63.5% during the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock worth $7,810,000 after purchasing an additional 25,995 shares in the last quarter. Finally, V. M. Manning & CO. Inc. purchased a new position in shares of Palantir Technologies in the second quarter valued at $539,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLTR. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Tuesday, August 4th. President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Wedbush started coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an “outperform” rating for the company. Piper Sandler reissued an “overweight” rating and set a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $195.33.

Get Our Latest Report on Palantir Technologies

More Palantir Technologies News

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

Positive Sentiment: Palantir’s reported alliances with Fujitsu, NVIDIA, Method Security and Nebius could expand its enterprise AI, manufacturing, cybersecurity and AI-infrastructure opportunities. Palantir Technologies Unveils Alliance Push Across AI Supply Chains and Cyber Defense
Positive Sentiment: Recent coverage highlighted Palantir’s 92.8% year-over-year quarterly revenue growth, earnings that exceeded consensus expectations, and a long streak of accelerating revenue growth. Those results support the view that demand for its enterprise AI software remains strong. Earnings Growth and Price Strength Make Palantir a Stock to Watch
Positive Sentiment: Optimistic commentary argues that Palantir is well positioned for “sovereign AI”—governments and organizations seeking domestic control over data, software and AI infrastructure. UBS also identified Palantir as a preferred AI beneficiary as corporate adoption moves from experimentation toward scaled deployment. Palantir Will Keep Winning as Sovereign AI Takes Hold
Neutral Sentiment: Palantir CEO Alex Karp’s comments that major AI companies may never go public, along with his call for greater government involvement, reinforce the importance of regulation and national-security contracts but do not directly change Palantir’s financial outlook. Palantir’s Alex Karp Discusses AI Companies and Government Oversight
Neutral Sentiment: Options activity turned more bullish as the shares rallied, suggesting stronger near-term trader interest, although this is a positioning indicator rather than a change in business fundamentals. Palantir Stock Gets a Bullish Options Signal
Negative Sentiment: Valuation remains the principal counterargument. With a P/E ratio near 158, Palantir requires sustained high growth to justify its price, and Wall Street’s targets show unusually wide disagreement about the stock’s value. Wall Street’s Palantir Price Targets Tell an Interesting Story
Negative Sentiment: Michael Burry continues to argue that Palantir is overvalued and offers substantial short-selling potential. Cathie Wood’s reported reduction in Palantir holdings adds another cautionary signal, though neither reflects company operating results. Michael Burry Doubles Down on Palantir Bear Case

Palantir Technologies Trading Up 0.6%

Palantir Technologies stock traded up $1.15 on Tuesday, reaching $184.24. 9,882,232 shares of the stock were exchanged, compared to its average volume of 44,196,215. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The stock has a market cap of $442.75 billion, a PE ratio of 157.42, a PEG ratio of 2.51 and a beta of 1.62. The firm has a fifty day moving average price of $160.27 and a two-hundred day moving average price of $146.50.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) 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. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business posted $0.16 EPS. The business’s quarterly revenue was up 92.8% on a year-over-year basis. Equities analysts anticipate that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Alexander Karp sold 492,348 shares of the 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 sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 1,250 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the sale, the insider owned 56,921 shares in the company, valued at $9,920,761.09. The trade was a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 720,027 shares of company stock worth $116,879,340. Company insiders own 9.53% of the company’s stock.

About Palantir Technologies

(Free Report)

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.