Castle Rock Wealth Management LLC Lowers Stock Holdings in Palantir Technologies Inc. $PLTR

Castle Rock Wealth Management LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 60.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,123 shares of the company’s stock after selling 18,695 shares during the period. Castle Rock Wealth Management LLC’s holdings in Palantir Technologies were worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Czech National Bank boosted its stake in shares of Palantir Technologies by 5.1% during the second quarter. Czech National Bank now owns 653,550 shares of the company’s stock valued at $76,250,000 after purchasing an additional 31,422 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its position in Palantir Technologies by 3.6% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 417,348 shares of the company’s stock valued at $48,677,000 after buying an additional 14,470 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Palantir Technologies by 2,496.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,491,567 shares of the company’s stock valued at $174,021,000 after purchasing an additional 1,434,120 shares during the last quarter. St. Louis Financial Planners Asset Management LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at $3,248,000. Finally, 55 North Private Wealth LLC increased its holdings in shares of Palantir Technologies by 2.3% in the second quarter. 55 North Private Wealth LLC now owns 3,537 shares of the company’s stock valued at $413,000 after purchasing an additional 80 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: Blowout earnings and higher guidance remain the main bullish catalyst. Palantir reported second-quarter revenue of approximately $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. U.S. commercial revenue surged 149%, while government revenue rose 90%. The company also raised its full-year revenue, profit and cash-flow outlook, reinforcing expectations for continued AI demand and accelerating growth. Palantir Just Reported a Blowout Quarter and Raised Its Guidance
• Positive Sentiment: Analyst earnings estimates are moving higher. Northland Securities raised its forecasts for several upcoming quarters, including Q3 2026 EPS to $0.30 from $0.27 and Q4 2026 EPS to $0.35 from $0.29. Piper Sandler also assigned an “Overweight” rating, while other analysts said the results make a potential return to $200 more plausible. Palantir Earns Overweight Rating from Piper Sandler
• Positive Sentiment: Founder and investor confidence provides a supportive signal. Peter Thiel continues to own roughly 3% of Palantir, a stake valued at more than $10 billion, suggesting continued conviction in the company’s long-term growth prospects. Peter Thiel Still Owns Roughly 3% of Palantir

Palantir Technologies Stock Performance

Shares of PLTR opened at $155.92 on Friday. The stock has a market capitalization of $373.79 billion, a PE ratio of 133.26, a P/E/G ratio of 2.42 and a beta of 1.59. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The company’s 50-day simple moving average is $131.45 and its 200-day simple moving average is $139.69.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 92.8% compared to the same quarter last year. On average, sell-side analysts predict that Palantir Technologies Inc. will post 1.21 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 1,112,270 shares of company stock valued at $150,247,785. 9.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a report on Tuesday. They set an “overweight” rating on the stock. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a research note on Friday, July 31st. BTIG Research downgraded Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $204.00 price target on shares of Palantir Technologies in a research note on Tuesday. Finally, Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.73.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.