Corient Private Wealth LP Sells 89,061 Shares of Palantir Technologies Inc. $PLTR

Corient Private Wealth LP reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 16.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 459,622 shares of the company’s stock after selling 89,061 shares during the period. Corient Private Wealth LP’s holdings in Palantir Technologies were worth $53,609,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PLTR. Basepoint Wealth LLC purchased a new position in Palantir Technologies in the fourth quarter worth about $29,000. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the first quarter valued at approximately $29,000. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $31,000. Whipplewood Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $32,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Palantir Technologies in the 4th quarter worth approximately $35,000. 45.65% of the stock is currently owned by institutional investors.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Maven is emerging as a major growth catalyst. Palantir’s Maven Smart System is reportedly approaching a $1 billion annual revenue run rate, supported by a $244 million Pentagon funding increase through March 2027. Its designation as a program of record could provide access to as much as $2.3 billion in funding over five years. Palantir’s Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Operating metrics remain unusually strong. A report highlighted Palantir’s 155% second-quarter fiscal 2026 Rule of 40 score—revenue growth plus adjusted operating margin—far above the 40% benchmark commonly used for healthy software companies. This reinforces the bullish case for buying on pullbacks. This 1 Number Proves Why You Should Buy Palantir on Every Dip
• Positive Sentiment: Recent earnings and guidance upgrades continue to support sentiment. Palantir reported better-than-expected quarterly results, raised full-year revenue guidance and continues to benefit from expansion across its government and commercial platforms. How Pentagon Maven Deal And Raised Guidance Changed Palantir’s Investment Story
• Positive Sentiment: Analyst support is adding momentum. William Blair maintained a Buy rating, citing Maven’s path toward $1 billion in annual recurring revenue and favorable defense-spending trends. Palantir Earns Buy Rating as Maven Nears Billion-Dollar Status
• Neutral Sentiment: Analysts remain divided. While some see further upside from AI and defense demand, others question whether the stock’s recent rally is fully supported by new information, since many contracts and growth trends were already public. Analysts Conflicted on Palantir and Intuit
• Negative Sentiment: Insider selling remains a risk. CEO Alexander Karp sold nearly $86 million of shares, while co-founder Peter Thiel has reduced his stake over time. These sales may pressure sentiment even though Thiel remains a major shareholder. Palantir CEO Alexander Karp Sells $86 Million in Stock
• Negative Sentiment: Valuation leaves little room for disappointment. Commentators note that Palantir trades at demanding earnings and sales multiples; investor Michael Burry has reportedly added to a PLTR short position. Michael Burry Adds to Palantir Short Position

Palantir Technologies Trading Up 4.7%

PLTR opened at $185.93 on Friday. The business’s fifty day simple moving average is $142.60 and its 200-day simple moving average is $141.74. The company has a market capitalization of $446.80 billion, a price-to-earnings ratio of 158.91, a PEG ratio of 2.51 and a beta of 1.59. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

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 the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the business earned $0.16 EPS. The firm’s quarterly revenue was up 92.8% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $205.00 to $151.00 in a report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. Phillip Securities raised their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $204.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. Also, insider Shyam Sankar sold 150,000 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the completion of the transaction, the insider directly owned 599,899 shares of the company’s stock, valued at approximately $77,986,870. This represents a 20.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 721,764 shares of company stock valued at $117,080,858. Company insiders own 9.53% of the company’s stock.

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.