667,447 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 667,447 shares of the company's stock, valued at approximately $50,486,000.

Several other institutional investors have also recently made changes to their positions in PLTR. Tallon Kerry Patrick bought a new position in shares of Palantir Technologies in the fourth quarter worth about $289,000. Geneos Wealth Management Inc. raised its stake in shares of Palantir Technologies by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company's stock worth $1,090,000 after buying an additional 196 shares during the period. Drive Wealth Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $262,000. Capital Asset Advisory Services LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $387,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Palantir Technologies in the fourth quarter worth about $15,177,000. Institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 39,825 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $5,016,755.25. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $810,271,540.26. The trade was a 0.62% 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, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,901,701 shares of company stock worth $370,407,533. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 3.5%

NASDAQ PLTR traded up $4.31 during trading on Friday, hitting $126.63. 185,234,367 shares of the stock traded hands, compared to its average volume of 78,766,972. The company has a market capitalization of $298.84 billion, a P/E ratio of 666.51, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The firm has a 50-day simple moving average of $105.90 and a 200-day simple moving average of $89.86. Palantir Technologies Inc. has a 12-month low of $21.01 and a 12-month high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. The firm had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company's quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent research reports. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Royal Bank of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Robert W. Baird increased their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. UBS Group increased their target price on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Loop Capital increased their target price on Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and an average price target of $83.95.

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.