Faithward Advisors LLC Decreases Stake in Palantir Technologies Inc. $PLTR

Faithward Advisors LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 111,008 shares of the company’s stock after selling 10,218 shares during the quarter. Palantir Technologies makes up 2.9% of Faithward Advisors LLC’s portfolio, making the stock its 4th largest position. Faithward Advisors LLC’s holdings in Palantir Technologies were worth $19,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Bare Financial Services Inc increased its position in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth approximately $29,000. Morton Brown Family Wealth LLC grew its stake in shares of Palantir Technologies by 250.0% during the fourth 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 acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $80,535.68. The trade was a 99.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 375,242 shares of the company’s stock, valued at approximately $51,047,921.68. This trade represents a 4.37% 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. In the last 90 days, insiders have sold 927,270 shares of company stock valued at $126,197,785. Insiders own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PLTR shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a report on Friday, June 5th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $205.00 to $151.00 in a research report on Friday, May 1st. Mizuho decreased their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $134.71 on Tuesday. The firm has a fifty day moving average of $139.26 and a two-hundred day moving average of $153.49. The stock has a market capitalization of $322.94 billion, a price-to-earnings ratio of 151.36, a PEG ratio of 2.03 and a beta of 1.53. Palantir Technologies Inc. has a 52 week low of $122.68 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Wolfe Research upgraded Palantir Technologies (PLTR), signaling improved analyst sentiment and helping support the stock. Analyst upgrades Palantir stock price target for next 12 months
• Positive Sentiment: Coverage continues to highlight Palantir’s accelerating AI software demand and strong growth narrative, which is keeping investors interested in the name. Palantir Growth Story Stays Strong As AI Software Demand Expands
• Positive Sentiment: Recent commentary says Palantir remains debt-free and still has financial firepower, reinforcing the bullish case for continued investment in growth. Palantir (PLTR): Debt-Free AI Growth Shows Why Its Software Story Still Has Financial Firepower
• Positive Sentiment: Monday’s trading strength was tied to a broader risk-on rally and investor enthusiasm for AI and security-related stocks, which lifted PLTR alongside peers. Palantir Rises 5%, Cloudflare Pops 3% as Investors Pile Into AI Security Plays
• Neutral Sentiment: Several articles note that Palantir is attracting heavy investor attention and being discussed as a possible long-term AI winner, but those pieces are mostly sentiment-driven rather than fundamentally new. Palantir Technologies Inc. (PLTR) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: One note says the stock is trading near its 52-week low and asks whether it is a buy, underscoring that opinions on valuation remain mixed. Trading Near Its 52-Week Low, Is Palantir Technologies Stock a Buy?
• Negative Sentiment: Insider Jeffrey Buckley sold 1,481 shares under a pre-arranged trading plan, which can add to caution even though the sale was routine. Jeffrey Buckley Sells 1,481 Shares of Palantir Technologies (NASDAQ:PLTR) Stock
• Negative Sentiment: Some commentary points to profit-taking and ongoing weakness earlier this year, suggesting investors are still debating whether the latest rally is sustainable. Palantir Technologies (PLTR) shares skyrocket, what you need to know
• Negative Sentiment: A separate report on a Swiss court defeat raised concerns about European data-sovereignty and contract risks, which could weigh on sentiment around international expansion. Palantir Swiss Court Defeat Raises European Data Sovereignty And Contract Risks

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.