Palantir Technologies Inc. $PLTR is Lattice Capital Management LLC’s 6th Largest Position

Lattice Capital Management LLC trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,500 shares of the company’s stock after selling 10,500 shares during the period. Palantir Technologies accounts for about 4.6% of Lattice Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Lattice Capital Management LLC’s holdings in Palantir Technologies were worth $4,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter worth about $450,000. Bison Wealth LLC lifted its position in shares of Palantir Technologies by 37.4% in the 4th 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. Miracle Mile Advisors LLC lifted its position in shares of Palantir Technologies by 9.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 17,305 shares of the company’s stock worth $1,461,000 after purchasing an additional 1,531 shares during the period. OLD National Bancorp IN lifted its position in shares of Palantir Technologies by 137.1% in the 1st quarter. OLD National Bancorp IN now owns 9,966 shares of the company’s stock worth $841,000 after purchasing an additional 5,762 shares during the period. Finally, Wesbanco Bank Inc. lifted its position in shares of Palantir Technologies by 3.7% in the 1st quarter. Wesbanco Bank Inc. now owns 9,956 shares of the company’s stock worth $840,000 after purchasing an additional 356 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 1.5%

Shares of PLTR stock opened at $182.17 on Wednesday. The company has a 50 day moving average price of $169.85 and a 200-day moving average price of $138.26. Palantir Technologies Inc. has a 52 week low of $39.01 and a 52 week high of $190.00. The firm has a market capitalization of $432.17 billion, a PE ratio of 607.25, a P/E/G ratio of 10.02 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $939.29 million. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PLTR. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $140.22.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Company insiders own 12.93% of the company’s stock.

About Palantir Technologies

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.