Palantir Technologies Inc. $PLTR Stock Bought by Cornerstone Advisors LLC

Key Points

• Cornerstone Advisors increased its Palantir stake by 115.4% in Q3, adding 64,984 shares to hold 121,287 shares valued at about $22.7 million. Institutional investors and hedge funds collectively own 45.65% of the company.
• Palantir beat quarterly expectations, reporting EPS of $0.44 and revenue of $2.31 billion; revenue rose 95.9% year over year.
• Insiders sold 908,396 shares worth about $157.1 million over the past 90 days, while analysts’ consensus rating was Moderate Buy, with an average price target of $216.20.

Cornerstone Advisors LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 115.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,287 shares of the company's stock after acquiring an additional 64,984 shares during the period. Palantir Technologies comprises 0.8% of Cornerstone Advisors LLC's holdings, making the stock its 28th biggest holding. Cornerstone Advisors LLC's holdings in Palantir Technologies were worth $22,687,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PLTR. Signature Wealth Management Partners LLC boosted its stake in shares of Palantir Technologies by 1.0% in the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company's stock valued at $961,000 after purchasing an additional 51 shares in the last quarter. Atlatl Advisers LLC increased its position in Palantir Technologies by 0.4% during the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company's stock worth $2,464,000 after purchasing an additional 53 shares in the last quarter. Opinicus Capital Inc. lifted its stake in Palantir Technologies by 2.4% in the 3rd quarter. Opinicus Capital Inc. now owns 2,276 shares of the company's stock valued at $426,000 after purchasing an additional 53 shares during the last quarter. Demars Financial Group LLC lifted its stake in shares of Palantir Technologies by 2.7% in the 3rd quarter. Demars Financial Group LLC now owns 2,054 shares of the company's stock valued at $384,000 after acquiring an additional 54 shares during the last quarter. Finally, PFS Partners LLC boosted its holdings in shares of Palantir Technologies by 28.9% during the 3rd quarter. PFS Partners LLC now owns 250 shares of the company's stock valued at $47,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 492,348 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $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 available at 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 Friedman Stat sold 5,026 shares of the company's stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director directly owned 46,402 shares in the company, valued at $9,233,998. This trade represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 908,396 shares of company stock worth $157,146,307. Company insiders own 9.53% of the company's stock.

Palantir Technologies Trading Down 2.1%

Shares of PLTR stock opened at $167.99 on Friday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The stock has a market cap of $403.69 billion, a price-to-earnings ratio of 117.48, a PEG ratio of 3.47 and a beta of 1.65. The stock has a 50-day moving average of $184.79 and a 200-day moving average of $153.82.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The firm's quarterly revenue was up 95.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. Sell-side analysts forecast that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Top Palantir Technologies Stories

Investors following PLTR have been watching these stories:

• Positive Sentiment: Palantir’s Rule of 40 score reached 158% in Q3 2026, reflecting a combination of rapid revenue growth and stronger profitability. The company also reported 165% net dollar retention, supporting the case for continued customer expansion. Article: PLTR's Rule of 40 Hits 158%
• Negative Sentiment: Valuation is a key concern: bearish commentary says the share price leaves little room for error, even given Palantir’s exceptional business growth. Investors may be demanding continued rapid growth to justify the premium. Article: Palantir: Exceptional Business, Unjustifiable Price
• Negative Sentiment: Investors are also focused on deceleration in contract-related growth indicators versus the previous quarter, which may raise questions about future demand. A planned sale of 84,680 shares by CTO Shyam Sankar—and another recent planned sale filing—could add to negative sentiment, though insider sales do not necessarily signal a lack of confidence. Article: Why Palantir Technologies Stock Is Down

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PLTR shares. Roth Capital assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. Barclays boosted their price target on Palantir Technologies from $265.00 to $273.00 and gave the stock an "overweight" rating in a report on Wednesday, November 4th. JPMorgan Chase & Co. began coverage on Palantir Technologies in a research note on Thursday, October 29th. They issued an "overweight" rating and a $262.00 price objective for the company. Truist Financial reissued a "buy" rating and set a $250.00 target price (up from $223.00) on shares of Palantir Technologies in a report on Tuesday, November 3rd. Finally, Piper Sandler reiterated an "overweight" rating and set a $235.00 price target (up from $231.00) on shares of Palantir Technologies in a report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $216.20.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company's platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

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