Cornerstone Planning LLC Makes New Investment in Palantir Technologies Inc. $PLTR

Key Points

• Cornerstone Planning LLC initiated a new stake in Palantir Technologies in the fourth quarter, buying 31,716 shares worth about $5.65 million. The holding now represents about 1.3% of the firm’s portfolio.
• Palantir continues to draw interest from other institutional investors, with multiple funds adding to or starting positions in the stock. Overall, 45.65% of Palantir shares are held by institutional investors and hedge funds.
• The company’s recent operating results remain strong, with quarterly revenue up 84.7% year over year and earnings beating analyst estimates. However, the stock still faces valuation concerns and insider selling pressure despite the upbeat business performance.

Cornerstone Planning LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,716 shares of the company's stock, valued at approximately $5,651,000. Palantir Technologies comprises about 1.3% of Cornerstone Planning LLC's portfolio, making the stock its 24th largest position.

A number of other large investors also recently modified their holdings of the stock. Bare Financial Services Inc increased its holdings in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new position in Palantir Technologies during the 4th quarter worth $29,000. Morton Brown Family Wealth LLC lifted its holdings in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after buying an additional 125 shares in the last quarter. Cornerstone Financial Management LLC bought a new position in Palantir Technologies in the 4th quarter valued at $31,000. Finally, United Financial Planning Group LLC bought a new position in Palantir Technologies in the 3rd quarter valued at $32,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Analysts and commentators said Palantir’s commercial growth remains explosive, with Q1 revenue up 85% and some price targets implying substantial upside from current levels. Palantir’s (PLTR) Explosive Commercial Growth Could Send the Stock Back to $200
• Positive Sentiment: Palantir’s Google Cloud partnership is seen as a major catalyst because it expands distribution and could accelerate adoption of its AIP and Foundry platforms across enterprise customers. Why Palantir’s Google Cloud Deal Could Change the Debate
• Positive Sentiment: More coverage pointed to Palantir as a leading applied-AI company, with its platform, ontology, and forward-deployed engineers supporting continued commercial momentum. Is Palantir Technologies Inc. (PLTR) Becoming the Face of Applied Enterprise AI?
• Neutral Sentiment: News that Oligo Security entered Palantir’s FedStart compliance network adds to the federal AI cybersecurity story, but the immediate financial impact appears limited for now. Palantir (PLTR) Brings Oligo Security Into FedStart For Federal AI Cybersecurity
• Negative Sentiment: Bearish coverage continued to focus on valuation, with some articles noting the stock’s sharp year-to-date decline and investor concern that expectations may still be too high. Palantir Stock Is Down 27% in 2026. Is the Dip a Buying Opportunity?
• Negative Sentiment: There was also fresh attention on insider selling and technical weakness, which may be contributing to pressure on the shares despite the strong operating backdrop. Monster insider trading alert for Palantir (PLTR) stock

Palantir Technologies Price Performance

Shares of PLTR stock opened at $128.47 on Friday. Palantir Technologies Inc. has a 12-month low of $122.68 and a 12-month high of $207.52. The firm has a market capitalization of $307.98 billion, a price-to-earnings ratio of 144.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.53. The firm has a fifty day moving average of $137.94 and a 200-day moving average of $152.57.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm's revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. Research analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 165,514 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 927,270 shares of company stock valued at $126,197,785 over the last 90 days. Insiders own 9.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PLTR shares. Zacks Research upgraded Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 7th. Mizuho decreased their price target on Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday, April 14th. Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Wednesday, May 6th. Wolfe Research raised Palantir Technologies from an "underperform" rating to a "peer perform" rating in a report on Tuesday. Finally, UBS Group raised Palantir Technologies from a "buy" rating to a "buy" rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.76.

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.

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