Aviva PLC Grows Stock Holdings in Palantir Technologies Inc. $PLTR

Aviva PLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 21.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,606,388 shares of the company’s stock after buying an additional 281,417 shares during the quarter. Aviva PLC’s holdings in Palantir Technologies were worth $218,983,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the second quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the first quarter worth $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the first quarter valued at $27,000. Finally, Briaud Financial Planning Inc purchased a new position in Palantir Technologies during the 2nd quarter valued at $27,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $177.93 on Friday. The company has a 50 day simple moving average of $177.73 and a two-hundred day simple moving average of $153.68. Palantir Technologies Inc. has a fifty-two week low of $55.30 and a fifty-two week high of $207.52. The company has a market capitalization of $422.11 billion, a price-to-earnings ratio of 423.65, a P/E/G ratio of 6.78 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business posted $0.10 EPS. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on PLTR. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday. Robert W. Baird increased their price target on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Piper Sandler raised their target price on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $173.45.

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,527,750 shares of company stock valued at $234,463,896. 9.23% of the stock is currently owned by corporate insiders.

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.