Castle Rock Wealth Management LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 60.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,123 shares of the company's stock after selling 18,695 shares during the period. Castle Rock Wealth Management LLC's holdings in Palantir Technologies were worth $1,524,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in PLTR. Vanguard Group Inc. increased its stake in shares of Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. State Street Corp raised its holdings in Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company's stock worth $18,198,990,000 after purchasing an additional 1,126,418 shares during the period. Geode Capital Management LLC lifted its position in Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock valued at $9,599,882,000 after purchasing an additional 805,047 shares in the last quarter. Norges Bank purchased a new position in Palantir Technologies during the fourth quarter valued at $5,149,641,000. Finally, Invesco Ltd. grew its holdings in Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock valued at $3,984,281,000 after purchasing an additional 616,297 shares during the period. 45.65% of the stock is currently owned by institutional investors.
Palantir Technologies News Summary
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Blowout earnings and higher guidance remain the main bullish catalyst. Palantir reported second-quarter revenue of approximately $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. U.S. commercial revenue surged 149%, while government revenue rose 90%. The company also raised its full-year revenue, profit and cash-flow outlook, reinforcing expectations for continued AI demand and accelerating growth. Palantir Just Reported a Blowout Quarter and Raised Its Guidance
- Positive Sentiment: Analyst earnings estimates are moving higher. Northland Securities raised its forecasts for several upcoming quarters, including Q3 2026 EPS to $0.30 from $0.27 and Q4 2026 EPS to $0.35 from $0.29. Piper Sandler also assigned an “Overweight” rating, while other analysts said the results make a potential return to $200 more plausible. Palantir Earns Overweight Rating from Piper Sandler
- Positive Sentiment: Founder and investor confidence provides a supportive signal. Peter Thiel continues to own roughly 3% of Palantir, a stake valued at more than $10 billion, suggesting continued conviction in the company’s long-term growth prospects. Peter Thiel Still Owns Roughly 3% of Palantir
Insider Transactions at Palantir Technologies
In related news, insider Stephen Andrew Cohen sold 319,934 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares of the company's stock, valued at approximately $51,047,921.68. This represents a 4.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,112,270 shares of company stock worth $150,247,785 in the last quarter. Company insiders own 9.53% of the company's stock.
Palantir Technologies Price Performance
NASDAQ PLTR opened at $155.92 on Friday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The business has a 50 day simple moving average of $131.45 and a two-hundred day simple moving average of $139.69. The stock has a market capitalization of $373.79 billion, a PE ratio of 133.26, a P/E/G ratio of 2.42 and a beta of 1.59.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the company earned $0.16 EPS. The company's quarterly revenue was up 92.8% compared to the same quarter last year. On average, analysts anticipate that Palantir Technologies Inc. will post 1.21 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Benchmark reaffirmed a "hold" rating on shares of Palantir Technologies in a research note on Tuesday. Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Tuesday. They set an "overweight" rating for the company. UBS Group raised shares of Palantir Technologies from a "buy" rating to a "buy" rating in a report on Tuesday, June 16th. Oppenheimer cut shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday. Finally, HSBC downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating and lowered their price target for the company from $205.00 to $151.00 in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Moderate Buy" and an average target price of $190.73.
Check Out Our Latest Stock Report on Palantir Technologies
Palantir Technologies Profile
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Free Report)
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.
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