Eurizon Capital SGR S.p.A. Buys Shares of 559,201 Palantir Technologies Inc. $PLTR

Eurizon Capital SGR S.p.A. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 559,201 shares of the company’s stock, valued at approximately $99,637,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. Zhang Financial LLC increased its holdings in shares of Palantir Technologies by 8.8% in the 4th quarter. Zhang Financial LLC now owns 4,158 shares of the company’s stock valued at $739,000 after acquiring an additional 336 shares during the period. Fideuram Asset Management Ireland dac purchased a new position in shares of Palantir Technologies in the 4th quarter valued at $26,015,000. Telligent Fund LP increased its holdings in shares of Palantir Technologies by 33.3% in the 4th quarter. Telligent Fund LP now owns 16,000 shares of the company’s stock valued at $2,844,000 after acquiring an additional 4,000 shares during the period. National Pension Service increased its holdings in shares of Palantir Technologies by 6.9% in the 4th quarter. National Pension Service now owns 4,783,713 shares of the company’s stock valued at $850,305,000 after acquiring an additional 308,538 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Palantir Technologies in the 4th quarter valued at $2,514,000. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PLTR has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $138.00 price target on shares of Palantir Technologies in a report on Friday, May 22nd. Phillip Securities lifted their price target on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a report on Tuesday, May 5th. Benchmark initiated coverage on Palantir Technologies in a report on Wednesday, April 1st. They issued a “hold” rating on the stock. Finally, Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten 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 has an average rating of “Moderate Buy” and an average price target of $192.76.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This trade represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 922,524 shares of company stock worth $125,501,302 in the last quarter. 9.53% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $156.54 on Friday. The stock has a 50-day moving average of $141.70 and a two-hundred day moving average of $156.13. Palantir Technologies Inc. has a one year low of $118.93 and a one year high of $207.52. The stock has a market cap of $375.27 billion, a P/E ratio of 175.89, a P/E/G ratio of 2.27 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue was up 84.7% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Investors are bidding up PLTR after Dell’s blockbuster earnings helped validate Palantir’s AI Factory partnership, reinforcing confidence in enterprise AI spending and lifting software names broadly. PLTR Stock Alert: Why Palantir Is Getting a Boost from Dell Earnings
• Positive Sentiment: Strong demand for AI software is also supporting PLTR, with articles pointing to renewed optimism across the sector after Snowflake’s results and a broader rebound in software stocks. Palantir Stock Is Having Its Best Day in a Year. Software Looks Like a Buy Again.
• Positive Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, adding to momentum in the shares.
• Positive Sentiment: Several pieces highlighted improving technicals, including a possible structural bottom and trend reversal, which can attract momentum and algorithmic buyers. Palantir (PLTR) Price Forecast: Structural Bottom Signals Trend Reversal
• Neutral Sentiment: Analyst-related commentary noted upside potential from current price targets and recent earnings estimate revisions, but this is more supportive than a direct stock-moving catalyst. Does Palantir Technologies (PLTR) Have the Potential to Rally 35.91% as Wall Street Analysts Expect?

Palantir Technologies Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.