Midwest Trust 13F: Adds $3.8M to PLTR Stake

Midwest Trust added to its investment in Palantir Technologies Inc. PLTR, boosting its holdings by 14.7% during the period. According to a Form 13F filing with the Securities and Exchange Commission on October 22, 2026, the firm picked up an additional 20,052 shares. That brought its total stake to 156,460 shares, with a reported value of $29,265,843.00.

PLTR Palantir Technologies Inc.

$196.19 ▲ +16.88% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Midwest Trust's Palantir Position

Prior to this filing, Midwest Trust owned 136,408 shares of the software company. The addition of 20,052 shares lifted the position to 156,460 shares. The overall value of the holding sits at roughly $29.3 million based on the latest reported figures.

Other Institutional Activity in Palantir

Other institutional investors also adjusted their positions in the software maker around the same time. SBI Securities trimmed its holdings by 71,354 shares, ending with 464,806 shares worth about $86,941,958.00. Root Financial Partners reduced its stake by 6,112 shares, leaving it with 9,887 shares valued at about $1,849,363.00. On the buying side, Bell Bank grew its holdings by 7,199 shares, ending with 14,931 shares worth about $2,792,844.00. ARS Wealth Advisors Group established a new position with 1,353 shares valued at about $253,079.00. Meanwhile, ASR Vermogensbeheer N.V. sold out of its entire position, unloading 232,093 shares.

Palantir Technologies Inc. Stock Up 1.9%

Palantir shares recently traded around $196.29, remaining close to their closing price of $196.19 on the filing date. The stock has experienced a strong run, trading well above its 200-day moving average of $152.99 and sitting 6.7% higher than its 50-day moving average. The shares remain about 7.8% below their 52-week high of $212.94 while staying up substantially from their 52-week low of $106.37.

Recent Earnings

Palantir reported trailing-twelve-month revenue of $6.15 billion alongside earnings of $1.16 per share. The company posted a net profit margin of 49.0% and a return on equity of 38.1%. Revenue grew 92.8% year-over-year. The company is scheduled to release its next financial results on November 2, 2026.

Insider Buying and Selling at Palantir Technologies Inc.

Company insiders executed several transactions ahead of the filing. Director Eric H. Woersching sold 1,000 shares on October 9, 2026, at an average price of $205.00 under a planned trading program, with an identical separate transaction of 1,000 shares executed outside a plan. Director Alexander D. Moore sold 16,000 shares on October 15, 2026, at a price of $197.99 per share under a Rule 10b5-1 plan, alongside a separate non-planned sale of 16,000 shares.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on the software provider's valuation. On September 23, 2026, Rosenblatt maintained its Buy rating with a $225.00 price target. Goldman Sachs upgraded the stock to a Buy with a $230.00 price target on October 8, 2026. The next day, Barclays initiated coverage with an Overweight rating and a $265.00 price target. Mizuho maintained an Outperform rating while raising its target to $245.00 from $215.00 on October 15, 2026. On the filing date of October 22, 2026, Citigroup maintained a Buy rating and raised its price target to $250.00 from $245.00. Analysts currently maintain a consensus Buy rating on the stock with a mean price target of $206.43 across 26 analyst opinions.

About Palantir

Palantir Technologies Inc. builds and deploys software platforms used by government intelligence agencies and commercial enterprises. Its systems help analyze complex data sets to support counterterrorism operations and business analytics. The company operates from its headquarters in Aventura, Florida, employing over 4,400 people.

Bottom Line

Institutional interest in Palantir remains active as investors await the company's next earnings report on November 2, 2026. Market participants will monitor whether ongoing insider sales and elevated valuation multiples affect institutional appetite in upcoming reporting cycles.