Lattice Capital Management LLC Lowers Holdings in Palantir Technologies Inc. $PLTR

Lattice Capital Management LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,500 shares of the company’s stock after selling 10,500 shares during the period. Palantir Technologies makes up about 4.6% of Lattice Capital Management LLC’s holdings, making the stock its 6th biggest position. Lattice Capital Management LLC’s holdings in Palantir Technologies were worth $4,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies in the second quarter valued at approximately $31,000. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLTR. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Loop Capital upped their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $182.17 on Wednesday. Palantir Technologies Inc. has a 52-week low of $39.01 and a 52-week high of $190.00. The stock has a market capitalization of $432.17 billion, a price-to-earnings ratio of 607.25, a price-to-earnings-growth ratio of 10.02 and a beta of 2.60. The company has a fifty day moving average of $169.85 and a 200-day moving average of $138.26.

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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s revenue 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. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on 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 owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider directly owned 50,961 shares of the company’s stock, valued at $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock worth $244,714,146 over the last ninety days. 12.93% of the stock is owned by company insiders.

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.