Palantir Technologies Inc. $PLTR Stock Position Raised by Vinva Investment Management Ltd

Key Points

• Vinva Investment Management raised its stake in Palantir by 46.5% during Q2 to 64,107 shares, valued at about $8.13 million.
• Palantir beat quarterly estimates (EPS $0.21 vs $0.17; revenue $1.18B vs $1.09B, revenue +62.8% YoY) but trades at a very high P/E (~394.7) and holds a MarketBeat consensus rating of "Hold" with an average target of $172.28.
• Significant insider selling has occurred recently — insiders sold 1,146,892 shares (~$186.4M) over the last 90 days (including a 308,635-share sale by Stephen Cohen), with insiders now owning 9.23% of the stock.

Vinva Investment Management Ltd lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 46.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,107 shares of the company's stock after purchasing an additional 20,351 shares during the period. Vinva Investment Management Ltd's holdings in Palantir Technologies were worth $8,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies in the second quarter worth about $25,000. Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies in the 2nd quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new position in Palantir Technologies during the 2nd quarter worth approximately $28,000. Finally, MTM Investment Management LLC purchased a new position in Palantir Technologies during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $165.77 on Friday. The stock's 50 day simple moving average is $179.76 and its 200 day simple moving average is $159.25. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The company has a market capitalization of $395.10 billion, a price-to-earnings ratio of 394.70, a PEG ratio of 6.43 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies's revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PLTR shares. Daiwa Capital Markets increased their target price on Palantir Technologies from $178.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, November 6th. Morgan Stanley increased their price objective on Palantir Technologies from $155.00 to $205.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $160.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, November 4th. HSBC upped their target price on Palantir Technologies from $181.00 to $197.00 and gave the company a "hold" rating in a report on Wednesday, November 5th. Finally, Mizuho raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a "neutral" rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average target price of $172.28.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 308,635 shares of the business's stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the transaction, the insider owned 592 shares of the company's stock, valued at approximately $97,082.08. The trade was a 99.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider owned 251,409 shares of the company's stock, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,146,892 shares of company stock worth $186,381,382. 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.

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