Fiduciary Alliance LLC Cuts Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Fiduciary Alliance LLC reduced its stake in Palantir Technologies by 5.2% during the second quarter, now holding 144,750 shares worth approximately $19.7 million.
• Palantir Technologies reported a 48% year-over-year revenue increase, with $1 billion in revenue and earnings per share of $0.16, exceeding analyst expectations.
• Several analysts have upgraded their price targets for Palantir Technologies, with estimates ranging from $165.00 to $200.00, while the company has a current consensus rating of "Hold."

Fiduciary Alliance LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,750 shares of the company's stock after selling 7,935 shares during the quarter. Palantir Technologies comprises about 1.5% of Fiduciary Alliance LLC's portfolio, making the stock its 9th biggest holding. Fiduciary Alliance LLC's holdings in Palantir Technologies were worth $19,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies in the first quarter worth approximately $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the 1st quarter valued at $27,000. Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies during the 1st quarter valued at $33,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $171.21 on Tuesday. The company has a market capitalization of $406.17 billion, a PE ratio of 570.72, a PEG ratio of 9.66 and a beta of 2.59. The company's 50 day moving average price is $160.71 and its 200 day moving average price is $128.03. Palantir Technologies Inc. has a 52 week low of $35.56 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the business posted $0.09 EPS. The company's revenue for the quarter 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. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research analyst reports. Mizuho set a $165.00 price objective on Palantir Technologies in a report on Monday. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. UBS Group restated a "neutral" rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $138.28.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $165.95, for a total value of $3,484,950.00. Following the transaction, the director owned 59,794 shares in the company, valued at $9,922,814.30. The trade was a 25.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,625,634 shares of company stock valued at $248,926,404. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Company 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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