Palantir Technologies Inc. $PLTR Holdings Boosted by Generali Investments Management Co LLC

Generali Investments Management Co LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 224.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 62,097 shares of the company’s stock after purchasing an additional 42,965 shares during the period. Palantir Technologies accounts for about 1.9% of Generali Investments Management Co LLC’s holdings, making the stock its 10th biggest holding. Generali Investments Management Co LLC’s holdings in Palantir Technologies were worth $8,454,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies during the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the 1st quarter worth $27,000. Briaud Financial Planning Inc purchased a new position in Palantir Technologies during the 2nd quarter worth $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies in the second quarter valued at $27,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. Bank of America increased their target price on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group increased their price objective on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Piper Sandler boosted their target price on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. UBS Group upped their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, Mizuho lifted their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five investment 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’s stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $172.28.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the transaction, the director owned 62,087 shares in the company, valued at $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. 9.23% of the stock is owned by company insiders.

Palantir Technologies Price Performance

PLTR opened at $174.01 on Friday. Palantir Technologies Inc. has a 12 month low of $58.85 and a 12 month high of $207.52. The stock has a market capitalization of $414.74 billion, a P/E ratio of 414.32, a P/E/G ratio of 6.75 and a beta of 2.63. The business has a 50 day simple moving average of $180.47 and a 200-day simple moving average of $156.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.