Czech National Bank Purchases 49,135 Shares of Palantir Technologies Inc. $PLTR

Key Points

• The Czech National Bank increased its stake in Palantir Technologies by 10.4% in the second quarter, holding 519,946 shares, which are valued at approximately $70.88 million.
• Numerous institutional investors, including Nuveen LLC and Goldman Sachs, have significantly increased their stakes in Palantir, reflecting robust interest in the company’s stock.
• Palantir reported a 48% year-over-year revenue growth of $1 billion in its last quarterly earnings, exceeding analyst estimates, with an EPS of $0.16.

Czech National Bank grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 519,946 shares of the company's stock after purchasing an additional 49,135 shares during the quarter. Palantir Technologies makes up approximately 0.6% of Czech National Bank's portfolio, making the stock its 25th largest holding. Czech National Bank's holdings in Palantir Technologies were worth $70,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Palantir Technologies in the first quarter worth $520,232,000. Price T Rowe Associates Inc. MD grew its stake in shares of Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Amundi grew its stake in shares of Palantir Technologies by 56.1% in the first quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after acquiring an additional 3,815,386 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of 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 acquiring an additional 2,998,716 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred 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 owned 702,786 shares of the company's stock, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,625,634 shares of company stock worth $248,926,404 in the last quarter. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $171.21 on Tuesday. The stock has a 50 day simple moving average of $160.71 and a 200 day simple moving average of $128.03. Palantir Technologies Inc. has a 52-week low of $35.56 and a 52-week high of $190.00. The firm has a market capitalization of $406.17 billion, a PE ratio of 570.72, a P/E/G ratio of 9.66 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The business's 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 research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent research reports. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Loop Capital lifted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $138.28.

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.

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