High Note Wealth LLC Cuts Stock Holdings in Palantir Technologies Inc. $PLTR

High Note Wealth LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,127 shares of the company’s stock after selling 5,482 shares during the quarter. Palantir Technologies accounts for about 2.2% of High Note Wealth LLC’s holdings, making the stock its 14th biggest position. High Note Wealth LLC’s holdings in Palantir Technologies were worth $9,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SGL Investment Advisors Inc. acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $339,000. Shell Asset Management Co. grew its holdings in Palantir Technologies by 132.5% during the second quarter. Shell Asset Management Co. now owns 30,859 shares of the company’s stock worth $4,207,000 after acquiring an additional 17,586 shares during the period. Godsey & Gibb Inc. raised its position in Palantir Technologies by 51.2% in the second quarter. Godsey & Gibb Inc. now owns 635 shares of the company’s stock worth $87,000 after acquiring an additional 215 shares in the last quarter. Joel Isaacson & Co. LLC lifted its holdings in Palantir Technologies by 3.3% in the second quarter. Joel Isaacson & Co. LLC now owns 23,167 shares of the company’s stock valued at $3,158,000 after acquiring an additional 747 shares during the period. Finally, Roundview Capital LLC lifted its holdings in Palantir Technologies by 5.1% in the second quarter. Roundview Capital LLC now owns 9,342 shares of the company’s stock valued at $1,274,000 after acquiring an additional 451 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Loop Capital upped their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Bank of America raised their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Five investment 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. According to MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $140.22.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm’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 sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. 12.93% of the stock is owned by company insiders.

Palantir Technologies Price Performance

PLTR stock opened at $179.53 on Tuesday. The company’s 50 day simple moving average is $169.33 and its 200-day simple moving average is $137.95. Palantir Technologies Inc. has a 12 month low of $38.78 and a 12 month high of $190.00. The firm has a market capitalization of $425.91 billion, a PE ratio of 598.45, a P/E/G ratio of 9.66 and a beta of 2.60.

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

Palantir Technologies Company 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.