SW Investment Management LLC Makes New Investment in Palantir Technologies Inc. $PLTR

SW Investment Management LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $20,448,000. Palantir Technologies makes up about 4.9% of SW Investment Management LLC’s investment portfolio, making the stock its 8th largest holding.

Other hedge funds have also bought and sold shares of the company. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,591,085 shares of company stock worth $244,714,146. 12.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent analyst reports. Mizuho set a $165.00 target price on Palantir Technologies in a research report on Monday, September 15th. The Goldman Sachs Group increased their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Loop Capital increased their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $175.44 on Monday. The business has a fifty day moving average price of $171.32 and a 200 day moving average price of $140.40. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00. The company has a market cap of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the company earned $0.09 EPS. The firm’s revenue 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. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.