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

Key Points

• Corient Private Wealth LP reduced its Palantir stake by 30.1% in the second quarter, selling 165,405 shares and retaining 383,278 shares valued at approximately $44.7 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong operating momentum, with quarterly revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding estimates. U.S. commercial revenue grew 149%, and the company secured a $127 million U.S. Army TITAN contract.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $194.04, including D.A. Davidson’s increase to $250. However, Palantir’s roughly $402 billion market capitalization and 143 P/E ratio raise concerns that substantial growth expectations are already priced into the stock.

Corient Private Wealth LP trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 30.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 383,278 shares of the company's stock after selling 165,405 shares during the period. Corient Private Wealth LP's holdings in Palantir Technologies were worth $44,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth approximately $29,000. Cornerstone Financial Management LLC acquired a new position in Palantir Technologies during the fourth quarter worth approximately $31,000. Whipplewood Advisors LLC purchased a new position in Palantir Technologies during the first quarter worth approximately $32,000. Finally, Prudent Man Investment Management Inc. purchased a new position in Palantir Technologies during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: At AIPCon 11, Palantir showcased customers—including NVIDIA, the FAA, Cisco, L3Harris and Novartis—using its Foundry and Artificial Intelligence Platform to move AI applications into production. The demonstrations reinforce the company’s argument that it is becoming an operating layer for enterprise and government AI. Palantir Puts Its Momentum on Display
• Positive Sentiment: NVIDIA and Palantir announced a sovereign-AI supply-chain collaboration that combines NVIDIA’s models and optimization software with Palantir Foundry, AIP and Ontology. NVIDIA will initially use the system in its own operations, providing a high-profile reference customer and potential pathway to broader industrial adoption. NVIDIA and Palantir Bring Sovereign Intelligence to Critical Supply Chains
• Positive Sentiment: D.A. Davidson raised its PLTR price target from $200 to $250 and maintained a bullish view centered on “AI sovereignty.” Rosenblatt also reaffirmed a Buy rating with a $225 target, potentially supporting the stock after the AIPCon announcements. Palantir Stock Price Target Boosted to $250
• Positive Sentiment: Palantir’s growth outlook remains strong: U.S. commercial revenue grew 149% year over year in the second quarter, while full-year guidance calls for at least 134% growth in that segment and approximately 82% company-wide growth in 2026. The company also won a $127 million U.S. Army TITAN production contract, expanding its defense role. Palantir Growth Target
• Positive Sentiment: Palantir deepened commercial reach through renewed agreements with Fujitsu in Japan and a cybersecurity initiative with Method Security, broadening its ecosystem and international deployment opportunities. Palantir and Fujitsu Deepen Partnership
• Neutral Sentiment: Investor attention is elevated, but market-wide concerns about inflation, higher oil prices and interest-rate uncertainty could limit gains in high-growth technology stocks.
• Negative Sentiment: Palantir’s roughly $402 billion market capitalization and approximately 143 price-to-earnings ratio leave little room for execution mistakes. Analysts continue to debate whether the company’s rapid growth is already reflected in the stock price.
• Negative Sentiment: Michael Burry closed some bearish PLTR put positions but continues to hold longer-dated Palantir puts, signaling that concerns over stretched AI valuations remain. Michael Burry Dumps PLTR December Puts

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Roth Capital began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating for the company. DA Davidson increased their target price on Palantir Technologies from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, August 4th. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Finally, BTIG Research downgraded Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. Two 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 given a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $194.04.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the transaction, the insider owned 56,921 shares of the company's stock, valued at $9,920,761.09. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 35,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the sale, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This represents a 5.16% 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 have sold a total of 720,027 shares of company stock worth $116,879,340 in the last three months. Corporate insiders own 9.53% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $167.23 on Friday. The firm has a market cap of $401.86 billion, a PE ratio of 142.93, a PEG ratio of 2.36 and a beta of 1.62. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The firm's 50 day moving average price is $154.83 and its 200 day moving average price is $144.79.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company's principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.

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