Foundations Investment Advisors LLC Grows Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Foundations Investment Advisors increased its Palantir stake by 15.9% in the fourth quarter, buying 10,620 more shares and bringing its total holdings to 77,406 shares worth about $13.76 million.
• Palantir recently reported stronger-than-expected quarterly results, with EPS of $0.33 versus estimates of $0.28 and revenue of $1.63 billion versus $1.54 billion expected. Revenue jumped 84.7% year over year.
• Despite the strong fundamentals, the stock has seen mixed signals: shares were trading around $132.51, while insiders sold shares in recent weeks and analysts’ views remain split, though the consensus rating is still Moderate Buy.

Foundations Investment Advisors LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,406 shares of the company's stock after buying an additional 10,620 shares during the quarter. Foundations Investment Advisors LLC's holdings in Palantir Technologies were worth $13,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PLTR. Vanguard Group Inc. boosted its stake in shares of Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock valued at $39,017,133,000 after purchasing an additional 8,168,604 shares during the period. State Street Corp boosted its stake in shares of Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Amundi boosted its stake in shares of Palantir Technologies by 38.7% in the third quarter. Amundi now owns 15,679,158 shares of the company's stock valued at $2,814,879,000 after purchasing an additional 4,373,201 shares during the period. Wellington Management Group LLP boosted its stake in shares of Palantir Technologies by 228.0% in the third quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company's stock valued at $945,403,000 after purchasing an additional 3,602,471 shares during the period. Finally, Clear Street Group Inc. purchased a new position in shares of Palantir Technologies in the third quarter valued at $408,763,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $132.51 on Thursday. The stock has a market capitalization of $317.67 billion, a price-to-earnings ratio of 148.89, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. Palantir Technologies Inc. has a 1-year low of $118.93 and a 1-year high of $207.52. The company's fifty day moving average is $141.86 and its two-hundred day moving average is $156.37.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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 company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm's revenue was up 84.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. Sell-side analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 830 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $137.41, for a total transaction of $114,050.30. Following the sale, the insider directly owned 61,707 shares of the company's stock, valued at approximately $8,479,158.87. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the sale, the insider directly owned 199,759 shares in the company, valued at $27,175,214.36. This trade represents a 8.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 922,524 shares of company stock valued at $125,501,302 in the last ninety days. 9.53% of the stock is owned by insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Several articles highlighted Palantir’s strong AI momentum and enterprise adoption, arguing the recent pullback could be a buying opportunity as demand for its AI Platform remains strong. Palantir Stock Is Down 34% from Its Highs. Don’t Miss This Chance to Buy the Dip.
• Positive Sentiment: Analyst-style coverage also noted Palantir’s growing government and enterprise traction, with some comparisons favoring PLTR over other AI-first software names. Palantir vs. UiPath: Which AI-First Software Stock is a Buy?
• Positive Sentiment: Some coverage said Palantir is still not showing enough evidence for a bearish case, implying the selloff may be overdone relative to the company’s operating performance. Palantir: Still Not Enough Evidence For A Sell Case Here

Analysts Set New Price Targets

Several brokerages have recently weighed in on PLTR. Wedbush restated an "outperform" rating and issued a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Zacks Research upgraded shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. DA Davidson decreased their target price on shares of Palantir Technologies from $180.00 to $165.00 and set a "neutral" rating for the company in a research note on Tuesday, May 5th. Citigroup upped their target price on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 price target on shares of Palantir Technologies in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $192.76.

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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