In its latest 13F filing, First Citizens Bank & Trust Co. increased its holdings in Palantir Technologies by 8.5% during the third quarter, acquiring an additional 6,871 shares to reach a total of 87,483 shares. The new position was valued at approximately $15.96 million at quarter end. This move underscores growing institutional confidence in Palantir’s data analytics platform, which has driven year-over-year revenue growth of 62.8% most recently. Institutional ownership now represents 45.65% of the company’s outstanding shares, reflecting broad-based investor interest in Palantir’s expansion across both government and commercial sectors.

Palantir insiders have reduced their stakes significantly over the past 90 days, selling a combined 1,023,444 shares valued at roughly $167.4 million. Notably, Chief Technology Officer Ryan D. Taylor disposed of 36,048 shares in late November, trimming his holding by 12.5%, while President Stephen Cohen sold 308,635 shares, a 99.8% reduction in his stake. Despite these transactions, insiders still retain 9.23% ownership. The heavy insider selling has raised questions among investors about whether current valuations—which imply a forward price-to-earnings multiple well above industry peers—properly reflect the company’s growth prospects.

Palantir reported third-quarter revenue of $1.18 billion, surpassing consensus estimates by roughly 8%, and achieved net margins of 28.1% with return on equity of 15.5%. U.S. commercial bookings surged over 120% year-over-year, driving total commercial revenue growth of 73%. Analysts have responded by raising their price targets, with several firms lifting their objectives into the $200–225 range, though most maintain a Hold rating given the high valuation. Consensus forecasts call for 54% revenue growth in fiscal 2025 and 43% in 2026, implying continued strong adoption but a likely deceleration from recent peaks as Palantir scales its artificial-intelligence offerings across new enterprise and government contracts.