First Citizens Bank & Trust Co. increased its stake in Palantir Technologies by 8.5% during the third quarter, acquiring an additional 6,871 shares to bring its total holding to 87,483 shares. According to the latest Form 13F filing with the SEC, this position was valued at $15.96 million at quarter end. The firm joins a broader cohort of institutions—collectively owning 45.65% of Palantir’s shares—including Bison Wealth LLC, which grew its exposure by 37.4% in Q4 (an additional 4,667 shares), and Congress Asset Management Co., which added 7,886 shares in Q2, lifting its position to 67,000 shares valued at $9.13 million.

Corporate insiders have executed sizable disposals over the last 90 days, selling a combined 1,023,444 shares for $167.4 million. Ryan D. Taylor led the activity with a sale of 36,048 shares on November 24 at an average price of $162.36, generating proceeds of $5.85 million and reducing his ownership by 12.54%. Stephen Andrew Cohen divested 308,635 shares on November 20 at an average of $163.99, netting $50.6 million and cutting his stake by 99.81%. Despite these liquidations, insiders retain 9.23% of the company’s equity.

In its most recent quarter, Palantir reported revenue of $1.18 billion, up 62.8% year-over-year, driven by a 121% surge in U.S. commercial sales to $397 million and a 55% rise in government revenue to $633 million. Earnings per share were $0.21, more than double the prior-year $0.10, translating into a 28.11% net margin and a 15.48% return on equity. The company’s market capitalization stands at approximately $404 billion with a forward P/E of 403.82, PEG of 4.27 and beta of 1.54. Among 25 analyst reports, the consensus rating is Hold with an average price target of $184.07, while Wall Street projects full-year EPS of $0.31 and revenue growth moderating to roughly 43% in 2026.