EverSource Wealth Advisors LLC Sells 32,619 Shares of Palantir Technologies Inc. $PLTR

EverSource Wealth Advisors LLC reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 19.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 134,772 shares of the company’s stock after selling 32,619 shares during the quarter. Palantir Technologies comprises 0.9% of EverSource Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest holding. EverSource Wealth Advisors LLC’s holdings in Palantir Technologies were worth $23,956,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bare Financial Services Inc boosted its holdings in shares of 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 buying an additional 55 shares in the last quarter. Morton Brown Family Wealth LLC boosted its holdings in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $32,000. United Financial Planning Group LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $32,000. Finally, Clayton Financial Group LLC boosted its holdings in shares of Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 397,744 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 923,756 shares of company stock worth $125,660,329 in the last ninety days. 9.53% of the stock is owned by company insiders.

Palantir Technologies Stock Down 0.4%

Shares of Palantir Technologies stock opened at $136.88 on Friday. The firm has a market capitalization of $328.14 billion, a P/E ratio of 153.80, a PEG ratio of 2.18 and a beta of 1.52. The company has a 50 day moving average price of $142.88 and a 200 day moving average price of $157.76. Palantir Technologies Inc. has a 52 week low of $118.93 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, beating the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm posted $0.13 EPS. Palantir Technologies’s revenue was up 84.7% on a year-over-year basis. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Phillip Securities increased their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research report on Thursday. Finally, DA Davidson decreased their price objective on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $192.76.

Key Palantir Technologies News

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

• Positive Sentiment: Several recent pieces continue to highlight Palantir’s strong fundamentals, including rapid revenue growth, elevated margins, and a “Rule of 40” profile that bulls say supports further upside. Article Title
• Positive Sentiment: Rosenblatt reiterated a buy rating and a $225 price target, signaling Wall Street still sees meaningful upside from current levels. Article Title
• Positive Sentiment: Some commentary argues the recent pullback could be a buying opportunity, with analysts pointing to Palantir’s strong execution and long-term AI positioning. Article Title
• Neutral Sentiment: The stock is trending heavily in retail and media circles, which can keep attention high but does not by itself change the business outlook. Article Title
• Neutral Sentiment: Palantir continues to attract comparisons with other AI names like Nvidia and Innodata, underscoring its status as a high-profile AI stock rather than delivering a fresh company-specific catalyst. Article Title
• Negative Sentiment: Cantor Fitzgerald kept a neutral stance and said Palantir’s AI opportunity is real, but the valuation still looks too rich, reinforcing a key bear case. Article Title
• Negative Sentiment: News that Palantir is challenging the Defense Intelligence Agency over an analytics contract, along with a separate blocked U.K. police deal, adds uncertainty around government revenue opportunities. Article Title
• Negative Sentiment: Recent articles also note the stock remains well below its highs and that even bullish investors acknowledge it may need much more growth to justify today’s price. Article Title

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.