Harel Insurance Investments & Financial Services Ltd. reduced its Palantir Technologies position by 19.9% in the third quarter, selling 7,076 shares. Following the sale, Harel holds 28,490 shares valued at approximately $5.19 million per its latest SEC filing. This represents a notable shift for one of the region’s largest institutional investors and signals a reallocation of capital away from Palantir during the period.

Several major asset managers also altered their Palantir allocations over the same timeframe. Decker Retirement Planning more than octupled its holding, adding 54,347 shares to reach 61,326 shares (worth $11.19 million). Vanguard Group increased its position by 3.6%, acquiring 7.19 million shares to hold 205.72 million shares in total. Truist Financial added 21,809 shares, bringing its stake to 537,000 shares. Meanwhile, Prentice Wealth Management initiated a new $550,000 position and Watershed Private Wealth boosted its stake by 75.3%, adding 3,350 shares to reach 7,798 shares.

Corporate insiders have been net sellers in recent months. Chief technology officer David Glazer disposed of 15,557 shares on November 20, reducing his holding by 3.61% to 415,612 shares. On November 24, director Ryan Taylor sold 36,048 shares, cutting his stake by 12.54% to 251,409 shares. Collectively, insiders have sold 1,023,444 shares worth $167.4 million over the past 90 days, leaving insiders with 9.23% ownership of the company’s equity.

On November 3, Palantir reported third-quarter revenue of $1.18 billion, up 62.8% year-over-year, and delivered earnings per share of $0.21, beating consensus by $0.04. The company achieved a net margin of 28.11% and return on equity of 15.48%. Following these results, five major brokerages updated their target prices, including Morgan Stanley and DA Davidson raising targets to as high as $215, while Citigroup upgraded to a buy rating. Across 25 analysts tracked by MarketBeat, Palantir holds a consensus “Hold” rating with an average price objective of $175.88.