FAS Wealth Partners Inc. Sells 8,831 Shares of Palantir Technologies Inc. $PLTR

Key Points

• FAS Wealth Partners cut its Palantir stake by 19.5% in the first quarter, selling 8,831 shares and retaining 36,375 shares valued at approximately $5.3 million.
• Institutional investors own 45.65% of Palantir, while insiders sold more than 1.1 million shares worth about $150.2 million during the latest quarter, primarily to cover tax obligations from vested equity awards.
• Palantir’s upcoming earnings report is a major catalyst, with analysts expecting strong revenue growth; however, the stock’s elevated valuation, including a P/E ratio above 138, has prompted warnings about downside risk despite a consensus “Moderate Buy” rating.

FAS Wealth Partners Inc. reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,375 shares of the company's stock after selling 8,831 shares during the period. FAS Wealth Partners Inc.'s holdings in Palantir Technologies were worth $5,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PLTR. Basepoint Wealth LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at approximately $29,000. Morton Brown Family Wealth LLC increased its position in shares of Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $31,000. Clayton Financial Group LLC raised its holdings in Palantir Technologies by 500.0% during the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock valued at $32,000 after buying an additional 150 shares during the period. Finally, Wexford Capital LP purchased a new stake in Palantir Technologies during the 3rd quarter valued at $36,000. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 17,128 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares of the company's stock, valued at $51,047,921.68. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the company'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 $2,674,818.48. Following the sale, the insider owned 199,759 shares of the company's stock, valued at approximately $27,175,214.36. This represents a 8.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,112,270 shares of company stock valued at $150,247,785 over the last quarter. 9.53% of the stock is owned by insiders.

Key Palantir Technologies News

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

• Positive Sentiment: Analysts expect second-quarter revenue to rise approximately 80% year over year to about $1.8 billion, with adjusted EPS near $0.35. Investors are looking for another strong beat and possible guidance increase, supported by AI-driven demand across Palantir’s government and commercial businesses. Palantir Technologies next earnings report
• Positive Sentiment: Continued defense contracts, strong government demand and potential acceleration in U.S. commercial revenue could reinforce Palantir’s AI growth narrative. The company has also beaten earnings estimates for eight consecutive quarters. Palantir Q2 earnings preview
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating and assigned a $225 price target, implying substantial upside from recent levels. Broader optimism about AI monetization and strong hyperscaler spending is also providing sector support. Rosenblatt Palantir rating
• Neutral Sentiment: Options traders expect an unusually large post-earnings move, making the upcoming report the immediate catalyst for PLTR. Investors will focus on revenue acceleration, U.S. commercial growth, international performance, margins and forward guidance—not merely whether Palantir beats estimates. Expected Palantir post-earnings move
• Negative Sentiment: Despite strong operating growth, PLTR has declined roughly 40% from its 2026 high and trades at an elevated earnings multiple. RBC warned investors not to chase the stock ahead of results, while technical indicators reportedly signal a strong sell. RBC warning on Palantir
• Negative Sentiment: Bears argue that another earnings beat may not be enough to support the shares because expectations and valuation remain high. Concerns include an uncertain commercial segment, the risk that AI customers develop competing capabilities, and Palantir’s history of post-earnings declines. Palantir earnings downside warning

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLTR. DZ Bank started coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They set a "buy" rating and a $175.00 price objective on the stock. Oppenheimer restated an "outperform" rating on shares of Palantir Technologies in a report on Monday, July 27th. DA Davidson reaffirmed a "buy" rating and set a $175.00 price target on shares of Palantir Technologies in a research note on Friday, July 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. Finally, President Capital upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and upped their price target for the company from $25.50 to $133.00 in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $189.88.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $123.06 on Monday. The stock's fifty day moving average price is $130.38 and its 200-day moving average price is $140.41. The firm has a market cap of $295.01 billion, a P/E ratio of 138.27, a P/E/G ratio of 1.97 and a beta of 1.56. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same period in the prior year, the business earned $0.13 EPS. The firm's quarterly revenue was up 84.7% on a year-over-year basis. Analysts forecast that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

About Palantir Technologies

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.

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