Trellis Wealth Advisors LLC Sells 940 Shares of Palantir Technologies Inc. $PLTR

Trellis Wealth Advisors LLC lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,245 shares of the company’s stock after selling 940 shares during the quarter. Palantir Technologies makes up 0.3% of Trellis Wealth Advisors LLC’s holdings, making the stock its 25th biggest holding. Trellis Wealth Advisors LLC’s holdings in Palantir Technologies were worth $579,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC lifted its holdings in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,667 shares during the period. NBC Securities Inc. lifted its holdings in shares of Palantir Technologies by 84,775.0% during the first quarter. NBC Securities Inc. now owns 3,395 shares of the company’s stock worth $286,000 after purchasing an additional 3,391 shares during the period. Beacon Financial Group acquired a new position in shares of Palantir Technologies during the first quarter worth $284,000. Finally, Cypress Wealth Services LLC acquired a new position in shares of Palantir Technologies during the first quarter worth $256,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 7.5%

PLTR opened at $173.07 on Friday. Palantir Technologies Inc. has a 1-year low of $38.78 and a 1-year high of $190.00. The company has a market cap of $410.58 billion, a P/E ratio of 576.92, a price-to-earnings-growth ratio of 10.44 and a beta of 2.60. The company has a fifty day moving average price of $168.90 and a two-hundred day moving average price of $136.63.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PLTR. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a report on Monday, September 15th. Finally, Bank of America lifted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.22.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the sale, the director directly owned 50,794 shares of the company’s stock, valued at approximately $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,591,085 shares of company stock valued at $244,676,722. 9.23% of the stock is owned by insiders.

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.