Kercheville Advisors LLC Sells 9,163 Shares of Palantir Technologies Inc. $PLTR

Kercheville Advisors LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 27.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,827 shares of the company’s stock after selling 9,163 shares during the quarter. Palantir Technologies comprises about 1.2% of Kercheville Advisors LLC’s holdings, making the stock its 25th largest position. Kercheville Advisors LLC’s holdings in Palantir Technologies were worth $3,632,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Bare Financial Services Inc boosted 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 valued at $28,000 after acquiring an additional 55 shares during the last quarter. Basepoint Wealth LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $29,000. United Financial Planning Group LLC purchased a new stake in Palantir Technologies in the third quarter valued at approximately $32,000. Morton Brown Family Wealth LLC raised its stake in Palantir Technologies by 250.0% in 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 in the last quarter. Finally, Cornerstone Financial Management LLC bought a new stake in Palantir Technologies during the fourth quarter valued at approximately $31,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $116.70 on Wednesday. Palantir Technologies Inc. has a 52-week low of $116.18 and a 52-week high of $207.52. The company has a fifty day moving average of $137.49 and a 200-day moving average of $151.68. The stock has a market capitalization of $279.77 billion, a price-to-earnings ratio of 131.13, a price-to-earnings-growth ratio of 1.90 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 4th. The company reported $0.33 EPS 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 quarter last year, the company earned $0.13 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Ryan D. Taylor sold 19,662 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,674,818.48. Following the transaction, the insider owned 199,759 shares in the company, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the business’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 $22,516,524.56. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. This trade represents a 20.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 927,270 shares of company stock valued at $126,197,785. Company insiders own 9.53% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir announced a strategic partnership with Zeta Global to build a unified data and AI infrastructure for enterprise marketing, which analysts say further validates enterprise AI adoption and could create a meaningful long-term commercial opportunity. Palantir partners with Zeta Global on AI-powered marketing infrastructure, Wedbush sees further enterprise validation
• Positive Sentiment: Recent commentary continues to highlight Palantir’s strong growth, profitability, and expanding role in government and commercial AI workloads, reinforcing the long-term bull case. Is This the Best Tech Stock to Buy Before the End of the Year?
• Positive Sentiment: The company also secured a foundational role in the U.S. Army’s Next Generation Command and Control data layer, supporting its defense revenue story. Palantir Secures Foundational Role in NGC2 Data Layer

Wall Street Analysts Forecast Growth

A number of research firms have commented on PLTR. Oppenheimer assumed coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target for the company. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. DZ Bank initiated coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price objective for the company. Weiss Ratings cut Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $138.00 price target on shares of Palantir Technologies in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

Palantir Technologies Profile

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.