Generali Asset Management SPA SGR Decreases Holdings in Palantir Technologies Inc. $PLTR

Generali Asset Management SPA SGR trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.1% in the second quarter, HoldingsChannel reports. The fund owned 73,961 shares of the company’s stock after selling 15,247 shares during the period. Generali Asset Management SPA SGR’s holdings in Palantir Technologies were worth $10,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ritholtz Wealth Management raised its position in Palantir Technologies by 55.9% in the 2nd quarter. Ritholtz Wealth Management now owns 32,747 shares of the company’s stock worth $4,464,000 after purchasing an additional 11,748 shares during the period. Triton Wealth Management PLLC bought a new position in shares of Palantir Technologies during the second quarter valued at about $484,000. Harbour Investments Inc. increased its holdings in shares of Palantir Technologies by 14.3% in the second quarter. Harbour Investments Inc. now owns 60,977 shares of the company’s stock worth $8,312,000 after buying an additional 7,646 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Palantir Technologies by 10.8% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,530 shares of the company’s stock worth $1,981,000 after buying an additional 1,420 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $19,359,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Loop Capital upped their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $141.28.

Palantir Technologies Trading Up 1.4%

Shares of NASDAQ PLTR opened at $179.74 on Wednesday. The firm has a fifty day simple moving average of $171.78 and a two-hundred day simple moving average of $141.31. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00. The firm has a market capitalization of $426.40 billion, a PE ratio of 599.15, a price-to-earnings-growth ratio of 9.61 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,557,750 shares of company stock worth $239,713,896. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Company Profile

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.