Palantir Technologies Inc. $PLTR Stock Holdings Trimmed by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 74.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,304 shares of the company’s stock after selling 49,268 shares during the period. Palantir Technologies accounts for about 2.0% of Cornerstone Enterprises LLC’s holdings, making the stock its 14th largest holding. Cornerstone Enterprises LLC’s holdings in Palantir Technologies were worth $3,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Patriot Investment Management Group Inc. acquired a new position in shares of Palantir Technologies during the 3rd quarter worth about $216,000. ACT Advisors LLC. lifted its stake in Palantir Technologies by 18.0% in the third quarter. ACT Advisors LLC. now owns 2,299 shares of the company’s stock valued at $430,000 after buying an additional 350 shares during the last quarter. Quattro Financial Advisors LLC purchased a new stake in Palantir Technologies in the 3rd quarter valued at $323,000. Ellsworth Advisors LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth about $229,000. Finally, Andrews Advisory Associates LLC grew its stake in shares of Palantir Technologies by 4.5% in the 3rd quarter. Andrews Advisory Associates LLC now owns 2,913 shares of the company’s stock valued at $545,000 after purchasing an additional 125 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 0.2%

NASDAQ PLTR opened at $200.50 on Friday. The business’s 50 day moving average is $182.33 and its two-hundred day moving average is $151.76. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94. The stock has a market capitalization of $481.81 billion, a price-to-earnings ratio of 171.37, a PEG ratio of 3.54 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The company’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. Equities analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, insider Ryan Taylor sold 18,000 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the transaction, the insider owned 274,667 shares of the company’s stock, valued at $55,249,267.05. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the transaction, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. This represents a 2.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several analyst reports. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a report on Wednesday, September 23rd. Phillip Securities lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wolfe Research initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 target price for the company in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $201.61.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir agreed to deploy its Foundry and Artificial Intelligence Platform (AIP) with Customers Bank to automate commercial-client onboarding while preserving a high-touch banking experience. The deal expands Palantir’s commercial footprint into banking and supports the company’s broader strategy of converting AI demand into recurring enterprise contracts. Palantir Customers Bank collaboration
• Positive Sentiment: Surf Air Mobility signed its fifth OperatorOS contract, with Flying Zebra, for aviation software powered by Palantir. Although the agreement is with Surf Air rather than directly with Palantir, it provides another example of AIP-related technology gaining commercial adoption. Surf Air and Flying Zebra contract
• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral, while separate valuation research lifted its fair-value estimate to approximately $205.27 from $195.57. These actions reinforce optimism about Palantir’s AI execution, commercial growth and sovereign-AI opportunities. Palantir fair value estimate
• Neutral Sentiment: Palantir cofounder Peter Thiel and Chief Technology Officer Shyam Sankar made highly controversial comments criticizing AI regulation and AI-safety advocates. The remarks may appeal to some investors but could also increase reputational or regulatory concerns; they do not directly change Palantir’s financial outlook. Palantir CTO comments
• Negative Sentiment: Valuation remains the main overhang. With Palantir trading at roughly 171 times earnings and near its 12-month high, analysts warn that substantial future growth is already priced in, leaving limited room for weaker guidance or a slowdown in AI spending. Palantir valuation concerns
• Negative Sentiment: ARK Invest, managed by Cathie Wood, sold approximately $6.3 million of Palantir shares while reallocating capital to other AI companies. Recent Rule 10b5-1 sales by Palantir directors and executives add to the perception that some insiders are monetizing the rally. ARK Invest Palantir sale
• Negative Sentiment: Investors face a high expectations bar ahead of the expected November 2 earnings report. Palantir’s strong revenue growth and repeated earnings beats support the bullish case, but they also increase the risk of profit-taking if results or forecasts fail to exceed elevated expectations. Palantir earnings expectations

Palantir Technologies Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.