J. Safra Sarasin Holding 13F: Cuts PLTR Stake by $12M
Key Points
- J. Safra Sarasin reduced its stake in Palantir Technologies by 64,049 shares, bringing its total to 85,910 shares worth about $15.6 million.
- The fund's cut represents a 42.7% decrease in its holdings of Palantir, which is now 0.66% of its total reported value of about $2.37 billion.
- As of October 27, 2026, Palantir shares traded at approximately $198.87, which is about 1.1% above the closing price of $196.75 on October 23.
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On October 26, 2026, J. Safra Sarasin Holding cut its position in Palantir Technologies Inc. (PLTR) by 64,049 shares, valued at approximately $11.6 million. This information comes from the fund's latest Form 13F filing with the SEC.
PLTR
Palantir Technologies Inc.
What Changed in J. Safra Sarasin's Palantir Position
J. Safra Sarasin's stake in Palantir decreased from 149,959 shares to 85,910 shares, reflecting a 42.7% reduction. The reported value of this position is now about $15.6 million.
Where Palantir Fits in J. Safra Sarasin's Portfolio
Palantir now makes up 0.66% of J. Safra Sarasin's total reported value of approximately $2.37 billion. The fund ranks 42nd among its 800 positions, and this cut has an estimated value change of about $11.6 million.
Palantir Technologies Inc. Stock Up 1.1%
Palantir shares recently traded around $198.87, which is about 1.1% above the closing price of $196.75 on October 23, 2026. The stock is currently 6.6% below its 52-week high of $212.94 but 87% above its 52-week low of $106.37.
Recent Earnings
Palantir reported trailing twelve-month revenue of about $6.16 billion, with a year-over-year growth rate of 92.8%. The next earnings report is scheduled for November 2, 2026.
Insider Buying and Selling at Palantir Technologies Inc.
Several insiders sold shares recently. Officer Ryan Douglas Taylor sold 18,000 shares at an average price of $201.15 on October 8, 2026, totaling about $3.62 million. Director Lauren Elaina Friedman Stat sold 5,026 shares at $199.00, valued at approximately $1 million, also on October 8. Director Eric H. Woersching sold 1,000 shares at $205.00 on October 9, totaling $205,000. Another Director, Alexander D. Moore, sold 16,000 shares on October 15, valued at about $3.17 million.
Analysts Set New Price Targets
On October 8, 2026, Goldman Sachs upgraded Palantir to a Buy rating with a price target of $230. Barclays initiated coverage with an Overweight rating and a target of $265 on October 9. Mizuho maintained an Outperform rating with a revised target of $245 on October 15, while Citigroup maintained a Buy rating with a target of $250 on October 22. Piper Sandler also maintained its Overweight rating with a target of $231 on October 23.
About Palantir Technologies
Palantir Technologies Inc. builds and deploys software platforms for various sectors, including defense and intelligence. Its products assist organizations in data analysis and decision-making processes. The recent changes in J. Safra Sarasin's position may reflect broader strategic adjustments in their investment approach.
Bottom Line
Investors will be watching Palantir's upcoming earnings report on November 2, 2026, to gauge its performance amid recent analyst upgrades. J. Safra Sarasin's significant cut in shares shows a notable shift in its investment strategy regarding this technology firm.
Related Filing Alerts
Source: J. Safra Sarasin Holding's 13F filing on $PLTR (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts