Root Financial Partners 13F: Cuts PLTR Stake by $1.1M

Root Financial Partners cut its stake in Palantir Technologies Inc. PLTR by 38.2%, trimming its holdings by 6,112 shares during the period. According to a Form 13F filing with the SEC on October 21, 2026, the fund held 9,887 shares worth approximately $1.85 million at the close of the period, down from its previous total of 15,999 shares.

PLTR Palantir Technologies Inc.

$201.72 ▲ +20.17% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Root Financial Partners's Palantir Technologies Inc. Position

The fund reduced its exposure to the software maker by more than a third. The remaining 9,887 shares reflect a notable adjustment by the firm as the stock traded around $201.72 on the filing date.

Other Institutional Activity in Palantir Technologies Inc.

Other institutional players adjusted their portfolios around the same time. Bell Bank grew its holdings by 7,199 shares, ending with 14,931 shares worth about $2.79 million following a 93.1% increase. ASR Vermogensbeheer N.V. sold its entire stake, liquidating 232,093 shares to drop to zero. First Citizens Bank & Trust lifted its holdings by 18,634 shares to reach 112,012 shares valued at roughly $21.0 million, representing a 20.0% increase. Meanwhile, ARS Wealth Advisors Group opened a stake with 1,353 shares worth about $253,079, and Patriot Investment Management Group established a position with 1,156 shares valued at approximately $216,230.

Palantir Technologies Inc. Stock Up 4.5%

Palantir recently traded around $201.28 as of October 22, 2026, sitting just below its $212.94 52-week high and well above its 200-day moving average of $152.99. On the day of Root's filing, the stock closed at $201.72.

Recent Earnings

Palantir Technologies Inc. generates $6.16 billion in trailing twelve-month revenue with an earnings per share total of $1.16. The enterprise software provider operates with a net profit margin of 49.0% and a return on equity of 38.1%. Investors are tracking the company's next earnings update scheduled for November 2, 2026.

Insider Buying and Selling at Palantir Technologies Inc.

Company insiders executed several transactions prior to the filing. Director Eric H. Woersching disposed of 1,000 shares at $205.00 on October 9, 2026, under a planned trading program, while another 1,000 shares were sold on the same date outside of a plan. Director Alexander D. Moore also parted with 16,000 shares on October 15, 2026, at an average price of $197.99 for a total value of about $3.17 million.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. UBS maintained a Buy rating while raising its price target to $250.00 from $220.00 on September 15, 2026. Rosenblatt kept a Buy rating with a $225.00 target on September 23, 2026. Goldman Sachs upgraded the stock to a Buy with a $230.00 target on October 8, 2026, and Barclays initiated coverage with an Overweight rating and a $265.00 target on October 9, 2026. Mizuho maintained an Outperform rating while lifting its target from $215.00 to $245.00 on October 15, 2026. Overall, the company holds a consensus buy rating with an average price target of $206.43 across 26 analyst opinions.

About Palantir Technologies Inc.

Headquartered in Aventura, Florida, Palantir Technologies Inc. builds specialized software platforms designed for government defense agencies, intelligence networks, and commercial enterprises. Its data integration tools help organizations process complex information streams for operational planning and analytical investigations.

Bottom Line

Root Financial Partners scaled back its investment as Palantir shares traded near their annual highs. Market participants will look toward the company's upcoming earnings release on November 2, 2026, for further updates on revenue growth and software deployment metrics.