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

Key Points

• Cornerstone Select Advisors increased its Palantir stake by 37.6% in the second quarter, owning 29,272 shares valued at approximately $3.42 million. Institutional investors collectively hold 45.65% of Palantir’s stock.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, beating analyst expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $192.19.
• Despite strong growth and a 2.1% rise in trading, valuation remains a key risk, with the stock trading at a P/E ratio near 150. Several insiders have also sold shares, including more than $30.8 million worth over the past three months.

Cornerstone Select Advisors LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 37.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,272 shares of the company's stock after purchasing an additional 8,003 shares during the quarter. Palantir Technologies comprises approximately 1.4% of Cornerstone Select Advisors LLC's holdings, making the stock its 17th largest position. Cornerstone Select Advisors LLC's holdings in Palantir Technologies were worth $3,415,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Moran Wealth Management LLC grew its holdings in Palantir Technologies by 375.3% in the 2nd quarter. Moran Wealth Management LLC now owns 18,381 shares of the company's stock valued at $2,145,000 after buying an additional 14,514 shares during the last quarter. Spirepoint Private Client LLC lifted its holdings in shares of Palantir Technologies by 0.9% during the second quarter. Spirepoint Private Client LLC now owns 208,372 shares of the company's stock worth $24,311,000 after buying an additional 1,783 shares during the last quarter. Mosaic Family Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $987,000. Donaldson Capital Management LLC bought a new stake in shares of Palantir Technologies in the second quarter valued at approximately $282,000. Finally, Norris Financial Group LLC boosted its position in shares of Palantir Technologies by 18.8% in the second quarter. Norris Financial Group LLC now owns 2,569 shares of the company's stock valued at $300,000 after acquiring an additional 406 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wolfe Research initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating on the stock. Piper Sandler reissued an "overweight" rating and issued a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Oppenheimer lowered shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Citigroup downgraded shares of Palantir Technologies from a "buy" rating to a "market perform" rating in a report on Tuesday, August 4th. Finally, Mizuho upped their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.19.

Palantir Technologies Trading Up 2.1%

PLTR stock opened at $175.19 on Thursday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The firm has a market cap of $420.99 billion, a P/E ratio of 149.74, a P/E/G ratio of 2.43 and a beta of 1.59. The business's 50 day moving average is $137.01 and its 200-day moving average is $140.27.

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, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies's revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 1,481 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the sale, the insider owned 60,226 shares of the company's stock, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the transaction, the director directly owned 54,107 shares of the company's stock, valued at $8,927,655. This represents a 5.31% 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. Insiders sold 228,608 shares of company stock worth $30,810,313 over the last three months. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies News Summary

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

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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