Trellis Wealth Advisors LLC Has $579,000 Stock Position in Palantir Technologies Inc. $PLTR

Trellis Wealth Advisors LLC reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 18.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,245 shares of the company’s stock after selling 940 shares during the period. Palantir Technologies comprises 0.3% of Trellis Wealth Advisors LLC’s holdings, making the stock its 25th largest position. Trellis Wealth Advisors LLC’s holdings in Palantir Technologies were worth $579,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies in the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC acquired a new stake in Palantir Technologies during the second quarter worth approximately $31,000. Adirondack Trust Co. lifted its position in Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after acquiring an additional 185 shares during the last quarter. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the first quarter worth approximately $25,000. Finally, Park Place Capital Corp lifted its position in Palantir Technologies by 48.1% during the second quarter. Park Place Capital Corp now owns 308 shares of the company’s stock worth $40,000 after acquiring an additional 100 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on PLTR. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and raised their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their target price 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. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies 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 completion of the transaction, the insider directly owned 431,169 shares in the company, 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. Insiders sold a total of 1,591,085 shares of company stock valued at $244,676,722 over the last three months. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $173.07 on Friday. The company’s 50 day simple moving average is $168.90 and its 200 day simple moving average is $136.63. The stock has a market capitalization of $410.58 billion, a price-to-earnings ratio of 576.92, a price-to-earnings-growth ratio of 10.44 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $38.78 and a 1 year high of $190.00.

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

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.