Palantir Technologies Inc. $PLTR is Cornerstone Enterprises LLC’s 6th Largest Position

Cornerstone Enterprises LLC decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,210 shares of the company’s stock after selling 4,238 shares during the period. Palantir Technologies makes up about 5.8% of Cornerstone Enterprises LLC’s investment portfolio, making the stock its 6th largest position. Cornerstone Enterprises LLC’s holdings in Palantir Technologies were worth $11,713,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLTR. Decker Retirement Planning Inc. lifted its stake in shares of Palantir Technologies by 778.7% during the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after acquiring an additional 54,347 shares during the last quarter. Vanguard Group Inc. increased its stake in Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Prentice Wealth Management LLC bought a new stake in shares of Palantir Technologies during the third quarter worth $550,000. Watershed Private Wealth LLC boosted its stake in shares of Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after purchasing an additional 3,350 shares during the period. Finally, State of Michigan Retirement System grew its holdings in shares of Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after purchasing an additional 12,300 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 19,004 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at approximately $100,435,312.50. This represents a 2.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 400 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $151.14, for a total value of $60,456.00. Following the completion of the sale, the director directly owned 58,287 shares of the company’s stock, valued at $8,809,497.18. The trade was a 0.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,844 shares of company stock valued at $167,455,085 over the last three months. Company insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PLTR shares. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Tuesday. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday. William Blair raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday. Finally, Truist Financial began coverage on Palantir Technologies in a research report on Tuesday, January 6th. They set a “buy” rating and a $223.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $191.95.

Palantir Technologies Trading Down 6.8%

PLTR opened at $130.01 on Friday. The firm has a market cap of $309.87 billion, a price-to-earnings ratio of 206.37, a PEG ratio of 3.35 and a beta of 1.64. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52. The stock has a fifty day moving average price of $174.49 and a 200-day moving average price of $173.19.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies News Summary

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

• Positive Sentiment: Blowout Q4 results and upbeat guidance — Palantir reported ~ $1.4B revenue (≈70% YoY) and raised forward guidance, which triggered the initial rally as investors cheered accelerating U.S. commercial sales and large deal wins. Read More.
• Positive Sentiment: Multiple broker upgrades and higher targets — Firms including HSBC, Deutsche Bank and others tightened coverage and raised price targets, supporting near‑term buy momentum. Read More.
• Positive Sentiment: New commercial partnerships and enterprise traction — Palantir announced strategic partnerships (e.g., Cognizant) and management highlighted outsized U.S. commercial growth, reinforcing revenue durability. Read More.
• Neutral Sentiment: Analysts raising near‑term estimates — Northland Securities boosted quarterly and multi‑year EPS/earnings models and set an Outperform/$190 target; useful for modeling but not a consensus buy signal. Read More.
• Neutral Sentiment: Minor director insider sale disclosed — A director sold 400 shares (small holding change) — worth noting for ownership trends but not a major red flag by itself. Read More.
• Negative Sentiment: CEO/insider selling headlines — Coverage flagged that CEO Alex Karp sold large amounts of stock over recent years (~$2.2B noted in reports), which rekindled concerns about insider liquidity and investor sentiment. Read More.
• Negative Sentiment: Profit‑taking and broader AI/tech pullback — After the big Q4 move, momentum investors rotated out of high‑beta AI winners into cheaper names, causing short‑term selling pressure. Read More.
• Negative Sentiment: Some sell‑side trimming — A few firms trimmed targets or expressed caution (DA Davidson, others), which amplified the pullback despite the strong quarter. Read More.

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.