Fairvoy Private Wealth LLC Sells 3,988 Shares of Palantir Technologies Inc. $PLTR

Fairvoy Private Wealth LLC reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,845 shares of the company’s stock after selling 3,988 shares during the period. Fairvoy Private Wealth LLC’s holdings in Palantir Technologies were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in PLTR. Mechanics Financial Corp bought a new stake in Palantir Technologies during the first quarter worth $25,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC bought a new stake in Palantir Technologies during the first quarter worth $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies during the second quarter worth $31,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PLTR shares. Piper Sandler set a $182.00 target price on Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $140.22.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the sale, the director directly owned 50,794 shares in the company, valued at $9,021,014.40. This represents a 15.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock valued at $244,676,722 over the last ninety days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $173.07 on Friday. The company has a fifty day moving average of $168.90 and a 200-day moving average of $136.63. The company has a market capitalization of $410.58 billion, a PE ratio of 576.92, a price-to-earnings-growth ratio of 10.44 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $38.78 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. 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 EPS for the current fiscal year.

Palantir Technologies 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.