Palantir Technologies Inc. $PLTR Shares Bought by Andra AP fonden

Andra AP fonden lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 79.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 341,074 shares of the company’s stock after acquiring an additional 150,700 shares during the period. Palantir Technologies accounts for approximately 0.7% of Andra AP fonden’s portfolio, making the stock its 26th biggest holding. Andra AP fonden’s holdings in Palantir Technologies were worth $46,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Northern Trust Corp grew its stake in shares of Palantir Technologies by 0.3% in the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after purchasing an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at about $2,543,888,000. Invesco Ltd. lifted its holdings in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. grew its position in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after buying an additional 4,221,392 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Palantir Technologies by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock worth $1,149,055,000 after buying an additional 571,544 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,527,750 shares of company stock worth $234,463,896. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $187.90 on Thursday. The company has a market capitalization of $445.76 billion, a PE ratio of 447.39, a price-to-earnings-growth ratio of 10.11 and a beta of 2.63. The stock has a fifty day moving average of $176.97 and a 200-day moving average of $152.92. Palantir Technologies Inc. has a one year low of $51.61 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.09 billion. During the same period in the previous year, the firm earned $0.10 earnings per share. Palantir Technologies’s revenue for the quarter 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. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PLTR shares. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday. UBS Group upped their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday. Mizuho upped their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $169.44.

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.