Perigon Wealth Management 13F: Cuts PLTR Stake by $3M

Perigon Wealth Management cut its stake in Palantir Technologies Inc. by 18.9%, selling 15,865 shares during the period. According to a Form 13F filing with the SEC on October 22, 2026, the firm wrapped up the quarter with 67,843 shares of the software company worth about $12.7 million.

PLTR Palantir Technologies Inc.

$196.19 ▲ +16.88% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Perigon Wealth Management's Palantir Position

The fund held 83,708 shares of the infrastructure software provider prior to the reduction. Shedding nearly a fifth of its holdings left the firm with 67,843 shares, which carried a value of $12,690,121 at the time of the filing.

Other Institutional Activity in Palantir

First Citizens Bank & Trust grew its holdings by 18,634 shares, ending with 112,012 shares worth about $21.0 million. Midwest Trust expanded its investment in Palantir Technologies Inc. by 14.7%, bringing its total holdings to 156,460 shares valued at $29.3 million. Root Financial Partners reduced its Palantir holdings by 6,112 shares, leaving it with 9,887 shares worth approximately $1.8 million. ARS Wealth Advisors Group opened a new position by acquiring 1,353 shares valued at $253,079. Patriot Investment Management Group also started a new stake, buying 1,156 shares worth about $216,230.

Palantir Technologies Inc. Stock Up 1.9%

Palantir shares closed at $196.19 on October 22, 2026, and recently traded at $196.29 as of October 23, 2026. That puts the stock down 7.8% from its 52-week high of $212.94, while sitting 84.5% above its 52-week low of $106.37.

Recent Earnings

Palantir reported trailing twelve-month revenue of $6.2 billion and earnings of $1.16 per share. The software developer's next earnings update is scheduled for November 2, 2026.

Insider Buying and Selling at Palantir Technologies Inc.

Company insiders completed several transactions ahead of the filing. Director Eric H. Woersching sold 1,000 shares on October 9, 2026, at a price of $205.00 per share. Director Alexander D. Moore disposed of 16,000 shares on October 15, 2026, at an average price of $197.99 per share.

Analysts Set New Price Targets

Rosenblatt maintained a Buy rating with a $225.00 target on September 23, 2026. Goldman Sachs upgraded the stock to a Buy rating with a $230.00 target on October 8, 2026. Barclays initiated coverage with an Overweight rating and a $265.00 target on October 9, 2026. Mizuho maintained an Outperform rating and raised its target from $215.00 to $245.00 on October 15, 2026. Citigroup maintained a Buy rating on October 22, 2026, and raised its price target from $245.00 to $250.00. Wall Street analysts maintain a consensus Buy rating on the software provider with a mean price target of $206.43.

About Palantir

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community and defense agencies. Its analytics tools help organizations process complex data for counterterrorism and operations across the United States, the United Kingdom, and international markets.

Bottom Line

Institutional adjustments in Palantir continue to unfold as the company prepares for its upcoming earnings release on November 2, 2026. Market participants will monitor subsequent SEC filings to track how larger wealth managers adjust their exposure.