18,465 Palantir Technologies Inc. $PLTR Shares Sold by Burr Financial Services LLC

Posted by Geri Gentry on Oct 8th, 2026

Burr Financial Services LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 21.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,733 shares of the company’s stock after selling 18,465 shares during the quarter. Palantir Technologies accounts for approximately 7.7% of Burr Financial Services LLC’s investment portfolio, making the stock its 4th biggest position. Burr Financial Services LLC’s holdings in Palantir Technologies were worth $12,482,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Jennison Associates LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at about $1,574,111,000. Arrowstreet Capital Limited Partnership increased its holdings in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares in the last quarter. Cardano Risk Management B.V. lifted its stake in Palantir Technologies by 917.4% in the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after buying an additional 5,938,343 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Palantir Technologies by 1,449.7% during the 4th quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock worth $937,205,000 after buying an additional 4,932,364 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after buying an additional 4,201,852 shares in the last quarter. Institutional investors and hedge funds 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: Goldman Sachs upgraded Palantir to “Buy” from “Neutral” and assigned a $230 price target. Analyst Gabriela Borges said demand for sovereign AI, custom software development and specialized industry applications could substantially expand Palantir’s addressable market. Palantir shares rise over 3% after Goldman Sachs upgrade
Positive Sentiment: The upgrade reinforces an increasingly favorable analyst narrative. Yorkville Ives recently initiated coverage with a Buy rating and a $250 target, while Wedbush’s Dan Ives named Palantir among his leading AI stock picks for 2027. Palantir shares gain as fresh analyst calls reinforce AI growth narrative
Positive Sentiment: Palantir’s growth backdrop remains strong. Its latest quarterly results showed approximately 93% year-over-year revenue growth, record U.S. commercial contract activity and raised 2026 revenue guidance of roughly $8.15 billion. Sovereign AI deployments, including the company’s partnership with Armada, are adding to the expansion story. Palantir is betting on sovereign AI to help take its stock higher
Neutral Sentiment: Institutional positioning is mixed: 1,426 funds added PLTR shares in their latest quarter compared with 1,381 that reduced holdings. Government awards also remain a meaningful revenue support, with more than $2 billion in payments reported over the past year.
Negative Sentiment: Valuation is a significant counterweight. Palantir trades at a very high earnings multiple relative to the software sector, leaving the shares vulnerable if growth slows or costs rise. Can Palantir justify its premium valuation?
Negative Sentiment: Zacks Research lowered its rating from “Strong Buy” to “Hold.” In addition, company insiders have reported numerous sales and no purchases over the past six months, while investor Michael Burry remains bearish on major AI stocks, including Palantir.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded up $3.92 during trading on Thursday, hitting $198.04. The stock had a trading volume of 29,242,859 shares, compared to its average volume of 42,767,695. The firm has a fifty day moving average of $174.75 and a two-hundred day moving average of $149.54. The company has a market capitalization of $475.91 billion, a PE ratio of 169.01, a PEG ratio of 2.70 and a beta of 1.60. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm earned $0.16 earnings per share. The firm’s revenue was up 92.8% on a year-over-year basis. On average, equities analysts expect that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research analyst reports. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research note on Friday, July 31st. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 4th. The Goldman Sachs Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 target price for the company in a research note on Thursday. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $80.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $196.30.

Read Our Latest Stock Report on PLTR

Insider Activity at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,055 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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, Director Lauren Friedman Stat sold 3,032 shares of the company’s stock in a transaction 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 in the company, valued at $8,927,655. This represents a 5.31% decrease in their position. 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 a total of 536,364 shares of company stock valued at $93,083,303 over the last quarter. Corporate insiders own 9.53% of the company’s stock.

About Palantir Technologies

(Free Report)

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.