Palantir Technologies Shares Fall Amid Investor Adjustments

Cornerstone Planning LLC increased its stake in Palantir Technologies, buying 31,716 shares valued at about $5.65 million, making the stock its 24th largest holding. Other institutional investors also altered positions, including Bare Financial Services, Basepoint Wealth, Morton Brown Family Wealth, Cornerstone Financial Management, and United Financial Planning Group, with purchases ranging from $28,000 to $32,000.

On the market side, Palantir's shares slipped 7%, trading as low as $119.20 and closing near $119.50, while trading volume rose 18% above its average. Analysts highlighted strong revenue growth—84.7% year‑over‑year and a 133% rise in U.S. commercial revenue—but also noted valuation concerns. Rating agencies downgraded the stock, with Benchmark moving to "hold" and HSBC cutting its target to $151. Negative headlines centered on France’s DGSI planning to replace Palantir tools with a domestic rival, raising worries about international contract risk.