Faithward Advisors LLC Trims Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Faithward Advisors LLC reduced its holdings in Palantir Technologies by 11.9%, now owning 146,234 shares valued at $12.34 million, making it the firm's 11th largest holding.
• Insider David A. Glazer sold 81,000 shares of Palantir for approximately $12.51 million, representing a 15.82% decrease in his ownership position.
• Analysts have mixed ratings for Palantir, with a consensus price target currently at $136.61, reflecting a range of viewpoints from "buy" to "hold" ratings.

Faithward Advisors LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,234 shares of the company's stock after selling 19,743 shares during the period. Palantir Technologies comprises about 2.1% of Faithward Advisors LLC's portfolio, making the stock its 11th largest holding. Faithward Advisors LLC's holdings in Palantir Technologies were worth $12,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. raised its position in Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after purchasing an additional 6,479 shares during the period. Garrison Bradford & Associates Inc. acquired a new stake in shares of Palantir Technologies during the first quarter worth about $45,000. Menard Financial Group LLC raised its holdings in Palantir Technologies by 8.2% during the first quarter. Menard Financial Group LLC now owns 25,938 shares of the company's stock worth $2,189,000 after purchasing an additional 1,964 shares in the last quarter. TCW Group Inc. increased its holdings in Palantir Technologies by 14.5% in the first quarter. TCW Group Inc. now owns 32,031 shares of the company's stock valued at $2,703,000 after buying an additional 4,068 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its holdings in Palantir Technologies by 36.3% in the first quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after buying an additional 6,405 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and increased their target price for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. The Goldman Sachs Group raised their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Finally, Loop Capital raised their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $136.61.

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 9,211 shares of Palantir Technologies stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $1,434,613.25. Following the completion of the transaction, the insider owned 343,518 shares in the company, valued at approximately $53,502,928.50. The trade was a 2.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,973,586 shares of company stock valued at $293,225,653. Insiders own 12.93% of the company's stock.

Palantir Technologies Trading Down 1.9%

NASDAQ:PLTR opened at $153.11 on Monday. Palantir Technologies Inc. has a 1-year low of $29.50 and a 1-year high of $190.00. The business's 50-day moving average price is $157.00 and its two-hundred day moving average price is $124.86. The firm has a market capitalization of $363.23 billion, a price-to-earnings ratio of 510.38, a PEG ratio of 8.63 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Profile

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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