Old North State Wealth Management LLC Sells 660 Shares of Palantir Technologies Inc. $PLTR

Old North State Wealth Management LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 22.1% during the second quarter, Holdings Channel reports. The institutional investor owned 2,330 shares of the company’s stock after selling 660 shares during the quarter. Old North State Wealth Management LLC’s holdings in Palantir Technologies were worth $318,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mechanics Financial Corp bought a new position in Palantir Technologies in the 1st quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $27,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $31,000. Finally, Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $33,000. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, 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 value of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of Palantir Technologies stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the sale, the director directly owned 50,794 shares in the company, valued at $9,021,014.40. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,634,634 shares of company stock worth $250,524,804 in the last three months. 9.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of analyst reports. Piper Sandler set a $182.00 price target on Palantir Technologies in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Citigroup reissued a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group increased their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Trading Down 0.2%

Shares of Palantir Technologies stock opened at $179.12 on Friday. The company has a market capitalization of $424.93 billion, a PE ratio of 597.09, a PEG ratio of 10.02 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $36.05 and a 12 month high of $190.00. The stock’s fifty day simple moving average is $165.68 and its 200 day simple moving average is $132.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for 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 firm’s revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.