Generali Powszechne Towarzystwo Emerytalne Trims Stock Position in Palantir Technologies Inc. $PLTR

Generali Powszechne Towarzystwo Emerytalne reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 33.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,000 shares of the company’s stock after selling 66,701 shares during the period. Palantir Technologies accounts for about 3.7% of Generali Powszechne Towarzystwo Emerytalne’s portfolio, making the stock its 14th largest holding. Generali Powszechne Towarzystwo Emerytalne’s holdings in Palantir Technologies were worth $17,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PLTR. Dupree Financial Group LLC acquired a new position in Palantir Technologies during the second quarter worth $2,707,000. IMG Wealth Management Inc. increased its holdings in Palantir Technologies by 10.3% in the second quarter. IMG Wealth Management Inc. now owns 1,336 shares of the company’s stock valued at $182,000 after buying an additional 125 shares in the last quarter. Jackson Thornton Wealth Management LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $276,000. Divergent Planning LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth approximately $1,217,000. Finally, Syntegra Private Wealth Group LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $309,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 over the last quarter. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $181.51 on Wednesday. The firm’s fifty day moving average price is $171.39 and its two-hundred day moving average price is $144.68. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00. The company has a market cap of $430.60 billion, a P/E ratio of 605.05, a P/E/G ratio of 9.84 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the business earned $0.09 earnings per share. Palantir Technologies’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on PLTR. Loop Capital lifted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Citigroup reaffirmed a “neutral” rating and issued a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler upped their price target on shares of Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.28.

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.