VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 666,784 Palantir Technologies Inc. $PLTR

Posted by Brian Himes on Sep 7th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 666,784 shares of the company’s stock, valued at approximately $77,794,000.

A number of other institutional investors have also modified their holdings of the stock. Carlson Financial Inc. increased its position in shares of Palantir Technologies by 1.3% during the second quarter. Carlson Financial Inc. now owns 10,349 shares of the company’s stock worth $1,207,000 after acquiring an additional 130 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Palantir Technologies by 11,040.0% in the second quarter. California State Teachers Retirement System now owns 383,800,665 shares of the company’s stock valued at $44,778,024,000 after purchasing an additional 380,355,408 shares during the period. Washington Trust Advisors Inc. boosted its holdings in shares of Palantir Technologies by 16.6% in the second quarter. Washington Trust Advisors Inc. now owns 3,815 shares of the company’s stock valued at $445,000 after purchasing an additional 544 shares during the period. Ameritas Advisory Services LLC grew its stake in Palantir Technologies by 436.6% in the second quarter. Ameritas Advisory Services LLC now owns 83,117 shares of the company’s stock worth $9,697,000 after purchasing an additional 67,626 shares in the last quarter. Finally, Guardian Wealth Advisors LLC NC grew its stake in Palantir Technologies by 67.5% in the second quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after purchasing an additional 4,283 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their position. The transaction was disclosed in a legal 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, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the sale, the insider owned 58,171 shares of the company’s stock, valued at $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders have sold 721,508 shares of company stock valued at $117,070,093. 9.53% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on PLTR. Oppenheimer downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Wedbush started coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an “outperform” rating for the company. Northland Securities set a $200.00 price target on Palantir Technologies in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Tuesday, August 4th. Finally, President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $25.50 to $133.00 in a report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.19.

Check Out Our Latest Stock Report on Palantir Technologies

Palantir Technologies Price Performance

Shares of PLTR stock opened at $174.33 on Monday. The firm has a market cap of $418.93 billion, a price-to-earnings ratio of 149.00, a PEG ratio of 2.47 and a beta of 1.62. The company’s 50 day moving average is $150.22 and its 200 day moving average is $143.63. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Analysts anticipate that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Palantir Technologies News Roundup

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

Positive Sentiment: Expanded PwC alliance strengthens Palantir’s enterprise AI reach. Palantir and PwC expanded their strategic partnership to help organizations scale AI, transform mergers and acquisitions, and modernize ERP systems. PwC’s consulting network could help Palantir secure more corporate customers and larger deployments. PwC and Palantir Expand Strategic Alliance
Positive Sentiment: Army contract adds support for the government business. Palantir won a prime agreement to deliver eight TITAN tactical intelligence ground-station systems to the U.S. Army, reportedly valued at about $192 million. The award expands Palantir’s role in defense intelligence and reinforces demand for its software and data platforms. What Does Palantir Winning Army Work Mean for AI Growth?
Positive Sentiment: Technical momentum remains constructive. Palantir recently moved above its 20-day moving average and flashed a “golden cross” signal, which technical investors may interpret as evidence of continued short-term strength. The company’s latest reported quarter also featured 92.8% year-over-year revenue growth and earnings above analyst expectations.
Neutral Sentiment: Investor commentary remains broadly bullish but speculative. Articles highlight Palantir as a potential AI software and cybersecurity winner, while management continues to promote secure, customized AI deployments. These views may support sentiment but do not represent new financial guidance.
Negative Sentiment: Premium valuation leaves little room for disappointment. Palantir’s market capitalization is above $400 billion and its price-to-earnings ratio is around 149, making the stock vulnerable to profit-taking or any slowdown in growth and margins. Analysts note that its rapid expansion is already reflected in the share price. Is Palantir’s AI Growth Worth the Premium Valuation?
Negative Sentiment: Competitive and insider-selling concerns persist. Google’s expanding government AI offerings could pressure Palantir’s public-sector opportunity. Michael Burry also renewed his bearish criticism of Palantir’s valuation and business model. Separately, a director sold $244,915 of stock under a pre-arranged Rule 10b5-1 plan, a modest negative sentiment signal. What’s Bugging Palantir’s Stock?

Palantir Technologies Company 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.