Fairvoy Private Wealth LLC Sells 3,988 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Fairvoy Private Wealth LLC sold 3,988 shares of Palantir Technologies, reducing its holdings by 25.2% to 11,845 shares, valued at approximately $1.6 million.
• Palantir recently reported **$1 billion** in revenue for the quarter, surpassing estimates, with a year-over-year increase of **48%**.
• Stock analysts have varying outlooks on Palantir, with price targets ranging from **$90.00 to $215.00**, indicating differing opinions on its future performance.

Fairvoy Private Wealth LLC cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,845 shares of the company's stock after selling 3,988 shares during the period. Fairvoy Private Wealth LLC's holdings in Palantir Technologies were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Truist Financial Corp increased its position in shares of Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company's stock valued at $73,204,000 after acquiring an additional 21,809 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Palantir Technologies by 10.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock worth $984,786,000 after acquiring an additional 1,135,841 shares in the last quarter. Golden State Equity Partners raised its holdings in Palantir Technologies by 10.1% during the second quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock worth $2,503,000 after acquiring an additional 1,677 shares in the last quarter. Synergy Asset Management LLC raised its holdings in Palantir Technologies by 37.1% during the second quarter. Synergy Asset Management LLC now owns 9,623 shares of the company's stock worth $1,312,000 after acquiring an additional 2,606 shares in the last quarter. Finally, FMB Wealth Management bought a new stake in Palantir Technologies during the second quarter worth about $223,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Down 7.5%

Shares of NASDAQ:PLTR opened at $173.07 on Friday. Palantir Technologies Inc. has a 12-month low of $38.78 and a 12-month high of $190.00. The stock has a market cap of $410.58 billion, a PE ratio of 576.92, a P/E/G ratio of 10.44 and a beta of 2.60. The business has a 50 day moving average of $168.90 and a 200-day moving average of $136.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business's revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PLTR shares. Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. Bank of America upped their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and a consensus price target of $140.22.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the completion of the sale, the director owned 50,794 shares in the company, valued at $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares of the company's stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. Insiders own 9.23% of the company's stock.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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