Sentinel Trust Co. LBA Cuts Stake in Palantir Technologies Inc. $PLTR

Sentinel Trust Co. LBA lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,741 shares of the company’s stock after selling 10,000 shares during the period. Palantir Technologies accounts for about 2.9% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 7th biggest holding. Sentinel Trust Co. LBA’s holdings in Palantir Technologies were worth $32,287,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Basepoint Wealth LLC bought a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $29,000. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $29,000. Morton Brown Family Wealth LLC boosted its stake in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after buying an additional 125 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the fourth quarter valued at about $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in Palantir Technologies during the first quarter valued at approximately $32,000. 45.65% of the stock is currently owned by institutional investors.

More Palantir Technologies News

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

• Positive Sentiment: Exceptional Q2 results support the long-term growth narrative. Revenue rose 92.8% year over year to $1.94 billion, exceeding the $1.81 billion consensus estimate, while adjusted earnings of $0.41 per share topped expectations by $0.07. Coverage also highlights accelerating commercial AI demand and strong cash generation. Palantir Q2 2026 Earnings Call Transcript
• Positive Sentiment: Raised guidance and demand visibility remain important catalysts. Palantir increased its outlook again, with analysts estimating the upgrade could add approximately $362 million in second-half revenue. A substantial backlog and expanding U.S. commercial business reinforce expectations that growth may remain elevated. Prediction: Palantir Stock Will Trade at $300 in 2027
• Positive Sentiment: Some analysts believe Palantir’s strategic position justifies its premium. Bullish commentary points to the company’s role in commercial and defense AI, its customizable software platforms, and potential for continued revenue acceleration. Why Palantir’s Strategic Importance Justifies the Premium Valuation
• Neutral Sentiment: Macroeconomic data produced mixed signals. A relatively benign July CPI report supported the broader technology market, but increased expectations for a September Federal Reserve rate hike remain a potential headwind for expensive growth stocks. Tesla, Palantir Fall as CPI Sends September Fed Hike Odds Higher
• Negative Sentiment: Sector rotation is overshadowing company-specific fundamentals. Strong results from AI chip and optical-networking companies encouraged investors to favor infrastructure beneficiaries over software shares, pressuring Palantir and other enterprise software stocks. Palantir Stock Falls as AI Chip Rally Overshadows Strong Q2 Results
• Negative Sentiment: Valuation leaves little room for disappointment. Palantir trades at roughly 146 times earnings and about 68 times sales. Jefferies maintained an Underperform rating, warning that the current valuation assumes sustained exceptional growth. Heavy reliance on U.S. demand is another concentration risk. Jefferies Warning on Palantir Valuation
• Negative Sentiment: Prominent investors are taking bearish or profit-taking positions. Michael Burry reportedly added to his Palantir short exposure through long-dated puts, while ARK Invest sold shares after the earnings rally. These moves may increase volatility and reinforce concerns that the stock has become overextended. Michael Burry Adds to Palantir Shorts
• Negative Sentiment: Insider selling adds to investor caution. CTO Shyam Sankar sold approximately $5.45 million of stock under a pre-arranged Rule 10b5-1 plan. The sale is not necessarily a fundamental signal, but it follows a sharp rally and can contribute to profit-taking pressure. SEC Insider Sale Filing

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,674,818.48. Following the completion of the transaction, the insider directly owned 199,759 shares of the company’s stock, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the transaction, the insider owned 642,786 shares in the company, valued at $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,150,302 shares of company stock worth $156,197,565 over the last quarter. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $171.04 on Thursday. The business has a fifty day moving average price of $133.08 and a 200 day moving average price of $139.85. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The stock has a market capitalization of $410.04 billion, a price-to-earnings ratio of 146.19, a P/E/G ratio of 2.49 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping 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 company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business’s revenue for the quarter was up 92.8% on a year-over-year basis. On average, equities analysts expect that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Roth Capital started coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Mizuho increased their price objective on Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and an average price target of $192.19.

About Palantir Technologies

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.