Fiduciary Alliance LLC Sells 12,593 Shares of Palantir Technologies Inc. $PLTR

Fiduciary Alliance LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 14.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 72,582 shares of the company’s stock after selling 12,593 shares during the quarter. Fiduciary Alliance LLC’s holdings in Palantir Technologies were worth $10,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bare Financial Services Inc grew its holdings in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. Beaumont Financial Advisors LLC increased its position in shares of Palantir Technologies by 2.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company’s stock worth $527,000 after acquiring an additional 59 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of Palantir Technologies by 0.6% in the 4th quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company’s stock worth $1,890,000 after acquiring an additional 60 shares during the last quarter. Sandbox Financial Partners LLC raised its holdings in shares of Palantir Technologies by 1.3% in the 4th quarter. Sandbox Financial Partners LLC now owns 4,911 shares of the company’s stock worth $873,000 after acquiring an additional 61 shares during the last quarter. Finally, San Luis Wealth Advisors LLC lifted its position in Palantir Technologies by 1.6% in the 4th quarter. San Luis Wealth Advisors LLC now owns 4,087 shares of the company’s stock valued at $726,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 1,481 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the transaction, the insider owned 60,226 shares of the company’s stock, valued at $7,757,108.80. This trade represents a 2.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 927,270 shares of company stock valued at $126,197,785 in the last ninety days. 9.53% of the stock is owned by corporate insiders.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s partnership with Zeta Global strengthens the company’s AI growth narrative and adds another enterprise use case for Foundry, which analysts view as validation of Palantir’s platform. Article Title
• Positive Sentiment: Cathie Wood’s ARK Invest bought Palantir shares, a signal that some growth investors still see value in the pullback. Article Title
• Neutral Sentiment: Several articles argue that Palantir’s selloff may have gone too far and that the stock could be a buy for long-term investors, but these are opinion pieces rather than new fundamentals. Article Title
• Negative Sentiment: Sentiment remains weak because Palantir has been sliding toward or hitting new 52-week lows, with reports pointing to AI disruption fears, sector rotation out of software, and valuation concerns as reasons for the decline. Article Title
• Negative Sentiment: Coverage also highlighted competitive and international setbacks, including reports of European customers moving away from Palantir, which may add pressure to the stock. Article Title

Palantir Technologies Stock Down 2.8%

Palantir Technologies stock opened at $113.47 on Thursday. Palantir Technologies Inc. has a 52 week low of $112.25 and a 52 week high of $207.52. The company’s 50 day moving average price is $137.11 and its two-hundred day moving average price is $151.23. The stock has a market cap of $272.03 billion, a P/E ratio of 127.50, a P/E/G ratio of 1.85 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company’s revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PLTR shares. UBS Group upgraded Palantir Technologies from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. Oppenheimer began coverage on Palantir Technologies in a report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price on the stock. DA Davidson cut their target price on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Finally, Citigroup increased their price target on Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Palantir Technologies Company Profile

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.