Empirical Financial Services LLC d.b.a. Empirical Wealth Management Reduces Holdings in Palantir Technologies Inc. $PLTR

Posted by Brian Himes on Aug 14th, 2026

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 14.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,800 shares of the company’s stock after selling 4,880 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Palantir Technologies were worth $3,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Norges Bank purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Jennison Associates LLC acquired a new position in Palantir Technologies during the 1st quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 buying an additional 7,678,747 shares during the last quarter. State Street Corp raised its holdings in shares of Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after buying an additional 6,777,771 shares during the last quarter. Finally, Cardano Risk Management B.V. lifted its stake in shares of Palantir Technologies by 917.4% during the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after buying an additional 5,938,343 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Oppenheimer lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Finally, William Blair assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Read Our Latest Research Report on PLTR

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 397,744 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. This trade represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 642,786 shares in the company, valued at approximately $87,444,607.44. This trade represents a 20.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,150,302 shares of company stock worth $156,197,565. Insiders own 9.53% of the company’s stock.

Key Palantir Technologies News

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

Positive Sentiment: Blowout quarterly performance remains the primary catalyst. Palantir reported revenue of $1.94 billion, up 92.8% year over year and above the $1.81 billion consensus estimate. Adjusted earnings also exceeded expectations, while management raised its full-year outlook. The results reinforced confidence that growth in government and commercial AI applications is accelerating. Palantir Stock Forecast – How Much Upside Do Analysts Expect?
Positive Sentiment: Artificial Intelligence Platform adoption is supporting the long-term growth narrative. Articles highlight Palantir’s AIP as a key driver of its shift from a primarily government contractor to a broader enterprise AI partner. Strong U.S. demand, sovereign AI spending and a growing commercial pipeline are fueling bullish forecasts, including expectations for continued earnings momentum. Palantir AIP Could Deliver a Powerful Shift in the Company’s Growth Trajectory
Positive Sentiment: Market momentum and broader risk appetite are helping AI software names. Palantir was identified as breaking through a new buy point as investors favored AI-linked companies and remained optimistic about U.S. technology and defense demand. Palantir Shares Edge Higher Thursday: What’s Driving the Action?

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $179.01 on Friday. The firm has a market capitalization of $429.14 billion, a P/E ratio of 153.00, a PEG ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The company’s fifty day moving average price is $133.83 and its 200-day moving average price is $139.92.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was up 92.8% on a year-over-year basis. Equities analysts anticipate that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

Palantir Technologies Profile

(Free Report)

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.