Corient Private Wealth LP Trims Position in Palantir Technologies Inc. $PLTR

Key Points

• Corient Private Wealth cut its Palantir position by 16.2% in the second quarter, selling 89,061 shares and retaining 459,622 shares valued at approximately $53.6 million. Institutional investors collectively own 45.65% of PLTR.
• Analyst sentiment remains broadly positive but divided. Palantir has a “Moderate Buy” consensus rating and an average price target of $192.19, though BNP Paribas Exane initiated coverage with an “underperform” rating.
• Strong growth is offset by elevated valuation and insider selling. The company’s latest revenue rose 92.8% year over year and exceeded estimates, but the stock trades at a P/E ratio of 158.91; insiders sold $117.1 million in shares over the past 90 days, including CEO Alexander Karp’s nearly $86 million sale.

Corient Private Wealth LP decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 459,622 shares of the company's stock after selling 89,061 shares during the quarter. Corient Private Wealth LP's holdings in Palantir Technologies were worth $53,609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $29,000. Ballast Advisors LLC purchased a new position in Palantir Technologies during the first quarter valued at $29,000. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $31,000. Whipplewood Advisors LLC bought a new stake in Palantir Technologies during the first quarter valued at about $32,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in Palantir Technologies in the fourth quarter worth about $35,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PLTR shares. Wedbush started coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an "outperform" rating on the stock. Zacks Research raised shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. President Capital raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $25.50 to $133.00 in a report on Monday, June 29th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price target on shares of Palantir Technologies in a research report on Thursday, July 30th. Finally, BNP Paribas Exane began coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an "underperform" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $192.19.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 492,348 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, Director Lauren Elaina Friedman Stat sold 3,032 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director directly owned 54,107 shares of the company's stock, valued at approximately $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. 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 sold 721,764 shares of company stock worth $117,080,858 over the last 90 days. Company insiders own 9.53% of the company's stock.

More Palantir Technologies News

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 Price Performance

Palantir Technologies stock opened at $185.93 on Friday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm's 50 day moving average price is $142.60 and its 200-day moving average price is $141.74. The stock has a market cap of $446.80 billion, a P/E ratio of 158.91, a PEG ratio of 2.51 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results 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. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies's revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, equities analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Palantir Technologies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source