Cornerstone Select Advisors LLC Has $3.42 Million Stake in Palantir Technologies Inc. $PLTR

Cornerstone Select Advisors LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 37.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,272 shares of the company’s stock after purchasing an additional 8,003 shares during the period. Palantir Technologies accounts for approximately 1.4% of Cornerstone Select Advisors LLC’s holdings, making the stock its 17th biggest holding. Cornerstone Select Advisors LLC’s holdings in Palantir Technologies were worth $3,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BCGM Wealth Management LLC grew its position in shares of Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock worth $374,000 after buying an additional 64 shares during the period. CYBER HORNET ETFs LLC raised its position in shares of Palantir Technologies by 1.2% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company’s stock valued at $966,000 after acquiring an additional 65 shares during the period. Verdence Capital Advisors LLC boosted its stake in Palantir Technologies by 0.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 17,574 shares of the company’s stock worth $3,124,000 after acquiring an additional 67 shares during the last quarter. Financial Partners Group Inc boosted its stake in Palantir Technologies by 1.8% during the 4th quarter. Financial Partners Group Inc now owns 3,802 shares of the company’s stock worth $676,000 after acquiring an additional 68 shares during the last quarter. Finally, LifeSteps Financial Inc. grew its holdings in Palantir Technologies by 4.9% during the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company’s stock valued at $217,000 after purchasing an additional 69 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $175.19 on Thursday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The stock has a market cap of $420.99 billion, a price-to-earnings ratio of 149.74, a PEG ratio of 2.43 and a beta of 1.59. The firm’s 50-day moving average is $137.01 and its 200-day moving average is $140.27.

Palantir Technologies (NASDAQ:PLTR) last posted 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 company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Enterprise demand remains a key catalyst. Recent coverage highlights growing adoption of Palantir’s artificial-intelligence software, while CEO Alex Karp said demand for sovereign AI could allow the company to sustain its current margins and rapid revenue growth over the next 18 months. Palantir Stock Climbs as Enterprise AI Demand Keeps Growing
• Positive Sentiment: Palantir’s Sovereignty Bootcamps are attracting nearly 200 organizations across two events in less than 30 days. The company said the programs are helping accelerate onboarding of new customers, supporting its government and enterprise growth story. Palantir’s Sovereignty Bootcamps Draw Nearly 200 Organizations in 30 Days
• Positive Sentiment: Investor enthusiasm is being reinforced by Palantir’s latest results: revenue rose 92.8% year over year to $1.94 billion, exceeding estimates, while adjusted earnings also beat expectations. Analysts and Zacks subsequently issued favorable commentary, including a Rank #1 Strong Buy designation. New Strong Buy Stocks for August 19th
• Positive Sentiment: Short sellers are facing substantial losses as Palantir’s rally continues. Reports estimate roughly $12 billion in short interest and about $5 billion in mark-to-market losses, creating the potential for additional buying from traders covering bearish positions. Short Sellers Are Losing Big on Palantir — Here’s the Data
• Neutral Sentiment: Palantir’s AI outlook has attracted sharply divided opinions. Bullish analysts see a long runway in defense, government and enterprise software, while others argue the stock must deliver exceptional growth to justify its current valuation. Palantir Technologies: What Could Shift Its AI Story?
• Negative Sentiment: Valuation remains the primary downside concern. With a price-to-earnings ratio near 150 and strong recent gains, skeptics question whether revenue growth and the 2026 outlook are already reflected in the share price. Is Palantir Technologies Overvalued?
• Negative Sentiment: Michael Burry has renewed his bearish position using put options, citing valuation and stock-based compensation concerns. Higher Treasury yields also pose a broader risk to richly valued growth stocks. Michael Burry Is Betting Against Palantir Again

Insider Activity

In related news, insider Jeffrey Buckley sold 1,481 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the sale, the insider directly owned 60,226 shares in the company, valued at $7,757,108.80. The trade was a 2.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $19,500,000.00. Following the completion of the transaction, the insider directly owned 599,899 shares in the company, valued at approximately $77,986,870. This represents a 20.00% decrease in their ownership of the stock. 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 quarter, insiders have sold 228,608 shares of company stock valued at $30,810,313. 9.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PLTR shares. William Blair started coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “neutral” rating for the company. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of Palantir Technologies in a report on Thursday, July 30th. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 11th. Mizuho raised 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. Finally, BTIG Research lowered Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.