Banco Santander S.A. Has $20.62 Million Stock Position in Palantir Technologies Inc. $PLTR

Banco Santander S.A. grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 165.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,250 shares of the company’s stock after purchasing an additional 94,301 shares during the quarter. Banco Santander S.A.’s holdings in Palantir Technologies were worth $20,618,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the 1st quarter worth $27,000. Finally, Briaud Financial Planning Inc acquired a new stake in Palantir Technologies during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PLTR shares. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald raised their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Trading Up 2.3%

PLTR stock opened at $184.63 on Monday. The stock has a 50-day moving average price of $171.35 and a two-hundred day moving average price of $147.20. The stock has a market cap of $438.01 billion, a PE ratio of 615.45, a price-to-earnings-growth ratio of 10.01 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00.

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

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is currently owned by insiders.

Palantir Technologies 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.