Redhawk Wealth Advisors Inc. Trims Holdings in Palantir Technologies Inc. $PLTR

Redhawk Wealth Advisors Inc. reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,613 shares of the company’s stock after selling 760 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Palantir Technologies were worth $493,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Optima Capital LLC lifted its holdings in shares of Palantir Technologies by 0.6% in the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company’s stock worth $1,066,000 after acquiring an additional 81 shares during the last quarter. Allegiance Financial Group Advisory Services LLC lifted its holdings in shares of Palantir Technologies by 3.0% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company’s stock worth $246,000 after acquiring an additional 84 shares during the last quarter. Delta Investment Management LLC lifted its holdings in shares of Palantir Technologies by 1.9% in the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company’s stock worth $398,000 after acquiring an additional 90 shares during the last quarter. Sovran Advisors LLC lifted its holdings in shares of Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company’s stock worth $460,000 after acquiring an additional 94 shares during the last quarter. Finally, Lodestone Wealth Management LLC increased its stake in Palantir Technologies by 1.1% during the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company’s stock worth $755,000 after buying an additional 97 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent research reports. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Bank of America upped their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. 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 research note on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $138.28.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $182.39 on Friday. The firm’s fifty day moving average price is $163.32 and its 200 day moving average price is $129.92. The company has a market capitalization of $432.69 billion, a price-to-earnings ratio of 607.99, a price-to-earnings-growth ratio of 9.97 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $35.71 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s revenue was up 48.0% on a year-over-year basis. During the same period last 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 forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction 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. Over the last three months, insiders sold 1,625,634 shares of company stock worth $248,926,404. Insiders own 9.23% 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.