Fiduciary Alliance Sells 23,000 Palantir Shares Worth About $3.8 Million

Core Insights - Fiduciary Alliance LLC sold 23,667 shares of Palantir Technologies (PLTR) for an estimated $3.8 million, reducing its position in the company [1][2] - The sale decreased Palantir's weight in the fund's portfolio to 1.5% as of September 30, 2025, while the fund retained 121,083 shares [2][3] - Palantir's stock price reached $182.17 as of October 7, 2025, reflecting a nearly 370% increase over the past year, significantly outperforming the S&P 500 by 339 percentage points [3][4] Company Overview - Palantir Technologies specializes in software platforms such as Gotham, Foundry, Apollo, and the Artificial Intelligence Platform (AIP), focusing on advanced data integration and analytics for enterprise and government clients [5][6] - The company serves a diverse clientele, including government agencies and large enterprises, aiming to enhance data-driven decision-making capabilities [6] Financial Metrics - As of October 7, 2025, Palantir's market capitalization stood at $416.8 billion, with a trailing twelve months (TTM) revenue of $3.44 billion and a net income of $763.3 million [4] Recent Performance - Palantir's stock has surged 142% year-to-date, prompting some investors, including Fiduciary Alliance, to lock in profits by reducing their holdings by approximately 16% in Q3 [9] - Despite the sale, Fiduciary Alliance's actions do not indicate a loss of confidence in Palantir, as the company raised its full-year revenue guidance following a 48% year-over-year sales increase in its last earnings report [10]