Palantir Technologies Inc. $PLTR Stock Sold by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 74.0% in the third quarter, Holdings Channel.com reports. The fund owned 17,304 shares of the company’s stock after selling 49,268 shares during the period. Palantir Technologies makes up 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ballast Advisors LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $29,000. Whipplewood Advisors LLC purchased a new position in Palantir Technologies in the 1st quarter valued at approximately $32,000. Reflection Asset Management acquired a new position in Palantir Technologies during the fourth quarter worth $35,000. C M Bidwell & Associates Ltd. acquired a new position in Palantir Technologies during the second quarter worth $35,000. Finally, Monetary Solutions Ltd acquired a new position in Palantir Technologies during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $200.50 on Friday. The company’s 50 day simple moving average is $182.33 and its 200-day simple moving average is $151.76. The firm has a market capitalization of $481.81 billion, a PE ratio of 171.37, a P/E/G ratio of 3.54 and a beta of 1.60. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup lowered Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Robert W. Baird set a $250.00 price target on Palantir Technologies in a research report on Monday. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. Barclays began coverage on Palantir Technologies in a research note on Friday, October 9th. They set an “overweight” rating and a $265.00 price target for the company. Finally, Wolfe Research began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and a consensus target price of $201.61.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 18,000 shares of the firm’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 completion of the transaction, the insider owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric H. Woersching sold 1,000 shares of the firm’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the transaction, the director directly owned 3,465 shares of the company’s stock, valued at $710,325. The trade was a 22.40% 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. Insiders have sold 560,390 shares of company stock worth $97,909,177 in the last quarter. Insiders own 9.53% of the company’s stock.

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

About Palantir Technologies

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.