Eurizon Capital SGR S.p.A. Acquires New Stake in Palantir Technologies Inc. $PLTR

Key Points

• Eurizon Capital SGR S.p.A. disclosed a new fourth-quarter stake in Palantir, buying 559,201 shares worth about $99.6 million.
• Palantir’s stock was trading up 9.2% at $156.54, with a market cap of roughly $375.3 billion and a 12-month range of $118.93 to $207.52.
• The company posted strong quarterly results, with EPS of $0.33 and revenue of $1.63 billion, both above expectations; revenue jumped 84.7% year over year.

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 559,201 shares of the company's stock, valued at approximately $99,637,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock valued at $38,295,188,000 after acquiring an additional 1,557,828 shares during the last quarter. State Street Corp increased its position in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares during the last quarter. Geode Capital Management LLC increased its position in Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock valued at $9,599,882,000 after acquiring an additional 805,047 shares during the last quarter. Invesco Ltd. increased its position in Palantir Technologies by 5.9% during the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock valued at $3,976,534,000 after acquiring an additional 1,213,529 shares during the last quarter. Finally, Northern Trust Corp increased its position in Palantir Technologies by 3.8% during the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company's stock valued at $3,846,957,000 after acquiring an additional 769,238 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 9.2%

NASDAQ:PLTR opened at $156.54 on Friday. Palantir Technologies Inc. has a 12-month low of $118.93 and a 12-month high of $207.52. The stock has a 50-day moving average price of $141.70 and a 200 day moving average price of $156.13. The stock has a market capitalization 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 - Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm's revenue was up 84.7% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. On average, research analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Palantir Technologies News Summary

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?

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PLTR shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Oppenheimer initiated coverage on Palantir Technologies in a research report on Thursday, April 30th. They issued an "outperform" rating and a $200.00 price target for the company. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price target on shares of Palantir Technologies in a research report on Thursday, May 21st. Citigroup upped their price target on Palantir Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $138.00 price target on shares of Palantir Technologies in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $192.76.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the transaction, the insider directly owned 199,759 shares of the company's stock, valued at $27,175,214.36. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company's stock, valued at $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 922,524 shares of company stock valued at $125,501,302 over the last three months. Corporate insiders own 9.53% of the company's stock.

Palantir Technologies Company 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.

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