Enzi Wealth Sells 435 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Enzi Wealth lowered its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,490 shares of the company’s stock after selling 435 shares during the period. Palantir Technologies makes up approximately 0.3% of Enzi Wealth’s portfolio, making the stock its 28th largest position. Enzi Wealth’s holdings in Palantir Technologies were worth $612,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new position in Palantir Technologies in the 2nd quarter worth about $599,000. Carnegie Investment Counsel raised its holdings in shares of Palantir Technologies by 95.7% during the second quarter. Carnegie Investment Counsel now owns 101,728 shares of the company’s stock valued at $2,577,000 after purchasing an additional 49,750 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Palantir Technologies by 14.5% during the second quarter. SeaCrest Wealth Management LLC now owns 29,443 shares of the company’s stock valued at $746,000 after purchasing an additional 3,718 shares during the last quarter. Perfromance Wealth Partners LLC bought a new position in Palantir Technologies during the second quarter valued at approximately $324,000. Finally, Dakota Wealth Management boosted its holdings in Palantir Technologies by 671.8% in the second quarter. Dakota Wealth Management now owns 96,061 shares of the company’s stock worth $2,433,000 after purchasing an additional 83,615 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 0.6 %

NYSE:PLTR traded down $0.18 on Tuesday, reaching $32.32. 40,201,203 shares of the company’s stock traded hands, compared to its average volume of 55,571,531. The stock has a 50-day simple moving average of $26.96 and a 200-day simple moving average of $24.31. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $32.75. The firm has a market cap of $71.97 billion, a PE ratio of 264.36, a P/E/G ratio of 5.47 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. During the same quarter last year, the company earned $0.01 EPS. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PLTR shares. Raymond James boosted their target price on shares of Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Monness Crespi & Hardt reduced their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. Argus initiated coverage on Palantir Technologies in a research report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. Mizuho lowered shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and upped their price target for the company from $21.00 to $22.00 in a research report on Tuesday, July 16th. Finally, DA Davidson increased their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $23.14.

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 2,398 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total transaction of $51,077.40. Following the completion of the transaction, the insider now owns 639,696 shares in the company, valued at $13,625,524.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Ryan D. Taylor sold 249,684 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $30.01, for a total value of $7,493,016.84. Following the sale, the insider now owns 372,565 shares in the company, valued at $11,180,675.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather A. Planishek sold 2,398 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total transaction of $51,077.40. Following the sale, the insider now directly owns 639,696 shares in the company, valued at approximately $13,625,524.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 495,673 shares of company stock worth $14,514,337. 12.93% of the stock is owned by insiders.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.