Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,186 shares of the company’s stock, valued at approximately $1,100,000.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. State Street Corp raised its position in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Palantir Technologies by 5.9% in the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock valued at $3,976,534,000 after buying an additional 1,213,529 shares during the period. Northern Trust Corp boosted its stake in shares of Palantir Technologies by 3.8% in the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock valued at $3,846,957,000 after buying an additional 769,238 shares during the period. Finally, Amundi grew its position in shares of Palantir Technologies by 38.7% during the third quarter. Amundi now owns 15,679,158 shares of the company’s stock worth $2,814,879,000 after buying an additional 4,373,201 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.
Insider Buying and Selling
In other Palantir Technologies news, insider Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total transaction of $159,026.56. Following the transaction, the insider owned 43,108 shares of the company’s stock, valued at $5,564,380.64. The trade was a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 9.53% of the stock is currently owned by company insiders.
Palantir Technologies Trading Up 0.2%
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. Palantir Technologies’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Oppenheimer assumed coverage on shares of Palantir Technologies in a report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price objective on the stock. Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective for the company in a research report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 target price on shares of Palantir Technologies in a research note on Thursday, January 22nd. Finally, Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.
Read Our Latest Research Report on Palantir Technologies
More Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Rosenblatt reaffirmed its Buy rating on Palantir and raised its price target to $225, highlighting continued confidence in the company’s long-term upside. Read More
- Positive Sentiment: Several articles point to Palantir’s strong fundamentals, including record revenue growth, high margins, and a standout “Rule of 40” score, reinforcing the company’s AI platform momentum. Article Title
- Positive Sentiment: Coverage around expanding customer growth and rising U.S. commercial adoption suggests Palantir’s enterprise AI demand remains strong, which supports the bull case for the stock. Article Title
- Neutral Sentiment: Palantir is being mentioned in multiple “AI stock” and “best buy” comparison pieces, keeping it in the spotlight and supporting investor attention, but these articles do not add new company-specific catalysts. Article Title
- Negative Sentiment: The main source of weakness is a report that Palantir is challenging the DIA over an analytics contract, which raises uncertainty around a government relationship that is important to the stock’s defense growth narrative. Article Title
- Negative Sentiment: Some commentary also warns that Palantir’s valuation remains stretched and that the stock may have run ahead of fundamentals, which can weigh on sentiment during pullbacks. Article Title
Palantir Technologies Company Profile
Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.
Palantir’s product portfolio centers on a small number of core platforms.
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