Providence First Trust Co Reduces Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Providence First Trust Co cut its stake in Palantir by 59.7% in Q4, selling 8,599 shares and leaving 5,814 shares valued at about $1.03 million per its latest 13F filing.
• Company insiders have been sizable net sellers — including Ryan D. Taylor and David A. Glazer — with insiders selling 1,029,479 shares worth roughly $137.7 million in the last 90 days; insiders now own 9.53% of Palantir.
• Palantir posted a blowout Q1 (revenue +84.7% to $1.63B, EPS beat and raised FY guidance), but the stock still faces valuation concerns (P/E ~153) and mixed analyst sentiment despite several bullish price-target increases.

Providence First Trust Co cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 59.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,814 shares of the company's stock after selling 8,599 shares during the quarter. Providence First Trust Co's holdings in Palantir Technologies were worth $1,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Occidental Asset Management LLC lifted its holdings in Palantir Technologies by 2.8% in the third quarter. Occidental Asset Management LLC now owns 1,964 shares of the company's stock valued at $358,000 after acquiring an additional 53 shares during the last quarter. Gallacher Capital Management LLC grew its holdings in shares of Palantir Technologies by 2.2% during the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company's stock worth $447,000 after purchasing an additional 53 shares during the period. Bare Financial Services Inc increased its position in shares of Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after purchasing an additional 55 shares during the last quarter. AlphaQuest LLC increased its position in shares of Palantir Technologies by 15.8% during the 3rd quarter. AlphaQuest LLC now owns 425 shares of the company's stock worth $78,000 after purchasing an additional 58 shares during the last quarter. Finally, Beaumont Financial Advisors LLC raised its holdings in Palantir Technologies by 2.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company's stock valued at $527,000 after buying an additional 59 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 19,988 shares of the business's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the completion of the transaction, the insider directly owned 219,421 shares of the company's stock, valued at $29,340,976.12. The trade was a 8.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the company's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the sale, the insider owned 392,370 shares in the company, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,029,479 shares of company stock valued at $137,685,797 in the last 90 days. Insiders own 9.53% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: Blowout Q1 results and higher guidance — revenue jumped ~85% and Palantir raised FY guidance after the quarter, demonstrating strong demand (especially U.S.). Palantir Reports Q1 2026 — Business Wire
• Positive Sentiment: Margins, cash flow and Rule of 40 look excellent — analysts note accelerating profitability and a very strong Rule of 40 score, which supports a longer‑term growth + efficiency narrative. Palantir Tops Q1 Estimates — Benzinga
• Positive Sentiment: Bullish analyst actions — several firms raised targets or reiterated conviction (Rosenblatt raised its PT to $225; Wedbush and Oppenheimer remain constructive). Rosenblatt Raises PT to $225 — 247WallSt
• Neutral Sentiment: Wall Street is split — coverage shows a wide dispersion of views and targets, so near‑term headline moves may be driven more by positioning than fundamentals. Analysts Split After Q1 — TipRanks
• Neutral Sentiment: Options and traders priced for a big swing around earnings — elevated implied volatility suggests traders expected a larger immediate move than what materialized. Options Data Ahead Of Earnings — Barchart
• Negative Sentiment: Shares fell despite the beat — investors cited an extreme valuation multiple and concerns that parts of commercial revenue lagged expectations, leaving little room for disappointment. Stock Tumbles Despite Beats — Yahoo Finance
• Negative Sentiment: Analyst downgrades and target trims — some firms (e.g., HSBC/other shops) trimmed targets or moved to Hold, citing valuation and moat concerns. Is Palantir Losing Its Moat? — Yahoo Finance
• Negative Sentiment: Notable short interest and high‑profile critics — Michael Burry publicly opened a short position on PLTR, which adds selling pressure and headlines. Michael Burry Shorts Palantir — Business Insider

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $135.91 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $105.32 and a fifty-two week high of $207.52. The company has a 50 day moving average price of $145.29 and a 200 day moving average price of $162.19. The stock has a market capitalization of $325.06 billion, a P/E ratio of 152.71, a price-to-earnings-growth ratio of 2.73 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion during 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 30.26%. The firm's revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 1.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PLTR shares. Truist Financial started coverage on shares of Palantir Technologies in a research note on Tuesday, January 6th. They set a "buy" rating and a $223.00 target price for the company. Rosenblatt Securities upped their price objective on shares of Palantir Technologies from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday. DZ Bank initiated coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They issued a "buy" rating and a $175.00 target price for the company. HSBC cut Palantir Technologies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. Finally, Benchmark assumed coverage on Palantir Technologies in a research report on Wednesday, April 1st. They set a "hold" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $194.25.

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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