Fjarde AP Fonden Fourth Swedish National Pension Fund Has $46.26 Million Stock Position in Palantir Technologies Inc. $PLTR

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 19.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 339,323 shares of the company’s stock after purchasing an additional 55,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Palantir Technologies were worth $46,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PLTR. Kingstone Capital Partners Texas LLC acquired a new stake in Palantir Technologies during the second quarter valued at $2,543,888,000. Nuveen LLC acquired a new stake in shares of Palantir Technologies in the first quarter worth about $520,232,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Palantir Technologies by 38.5% during 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 acquiring an additional 4,221,392 shares during the last quarter. Finally, Amundi increased its holdings in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after acquiring an additional 3,815,386 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 3rd. The stock was 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 trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 in the last three months. Company insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLTR. The Goldman Sachs Group increased their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Citigroup reissued a “neutral” rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $141.28.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $189.18 on Tuesday. The firm’s 50-day moving average is $171.65 and its 200-day moving average is $147.88. The company has a market cap of $448.80 billion, a price-to-earnings ratio of 630.62, a PEG ratio of 10.01 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $192.83.

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