381,737 Palantir Technologies Inc. $PLTR Shares Bought by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital SGR increased its Palantir stake by 128.3% in the third quarter, adding 381,737 shares to bring its holdings to 679,200 shares, valued at about $127.1 million.
• Palantir reported quarterly revenue of $2.31 billion, up 95.9% year over year, and earnings per share of $0.44, beating analyst estimates for both.
• Company insiders sold a combined 523,716 shares worth about $92.2 million over the past 90 days. The stock’s consensus analyst rating was “Moderate Buy,” with an average price target of $216.76.

Eurizon Capital SGR S.p.A. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 128.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 679,200 shares of the company's stock after acquiring an additional 381,737 shares during the quarter. Eurizon Capital SGR S.p.A.'s holdings in Palantir Technologies were worth $127,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth about $29,000. Axiom Investment Management LLC raised its stake in Palantir Technologies by 181.8% in the 3rd quarter. Axiom Investment Management LLC now owns 155 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Navigoe LLC raised its stake in Palantir Technologies by 17,500.0% in the 3rd quarter. Navigoe LLC now owns 176 shares of the company's stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Palantir Technologies in the 2nd quarter valued at about $35,000. Finally, Laurel Wealth Advisors LLC purchased a new position in Palantir Technologies in the 3rd quarter valued at about $35,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Eric Woersching sold 1,000 shares of the company's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the transaction, the director owned 3,465 shares of the company's stock, valued at $710,325. This represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 523,716 shares of company stock worth $92,212,379 over the last ninety days. Insiders own 9.53% of the company's stock.

Palantir Technologies Stock Down 0.5%

Shares of NASDAQ:PLTR opened at $171.58 on Friday. The company has a market cap of $412.32 billion, a P/E ratio of 119.99, a P/E/G ratio of 3.48 and a beta of 1.65. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The business has a fifty day simple moving average of $185.08 and a 200-day simple moving average of $153.81.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The firm's revenue for the quarter was up 95.9% compared to the same quarter last year. Sell-side analysts expect that Palantir Technologies Inc. will post 1.36 earnings per share for the current fiscal year.

Recent Palantir Technologies Headlines

These are some of the PLTR headlines that stood out recently:

• Positive Sentiment: Palantir reported quarterly revenue of $2.31 billion, up 95.9% year over year, and EPS of $0.44, beating estimates for both. Some analysts and commentators argue that the company’s enterprise AI growth story remains intact; one article also highlights 165% customer retention as a sign of expansion potential. Article: Palantir: 165% Retention Signals The Next Enterprise AI Boom
• Neutral Sentiment: CEO Alex Karp’s comments emphasizing the role of U.S. military support in Silicon Valley’s development reinforce Palantir’s government and defense positioning, but the article does not report a new contract or financial impact. Article: Palantir CEO Alex Karp Says Silicon Valley ‘Would Not Even Exist’ Without US Military Support
• Negative Sentiment: Valuation is another headwind: several reports argue that even rapid growth may not justify the stock’s high price, leaving little room for disappointment. Rising dilution is also cited as a concern. Article: Palantir Grew Revenue 96%. The Stock Fell 5%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wolfe Research initiated coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating on the stock. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a report on Tuesday, August 11th. Zacks Research lowered shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. The Goldman Sachs Group reissued a "buy" rating and issued a $235.00 price objective on shares of Palantir Technologies in a research report on Tuesday, November 3rd. Finally, Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $216.76.

Palantir Technologies Profile

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company's platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

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