Nykredit A S Takes Position in Palantir Technologies Inc. $PLTR

Key Points

• Nykredit A/S acquired 843,110 Palantir shares worth approximately $98.4 million in the second quarter. Institutional investors collectively own 45.65% of the company.
• Analysts maintain a generally positive outlook, with Palantir holding a “Moderate Buy” consensus rating and an average price target of $192.19, although Oppenheimer downgraded the stock to “Market Perform.”
• Palantir reported strong quarterly growth, including revenue of $1.94 billion, up 92.8% year over year, and EPS of $0.41 versus expectations of $0.34. However, the stock’s approximately 145 P/E ratio and recent insider selling highlight valuation and near-term risk concerns.

Nykredit A S bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 843,110 shares of the company's stock, valued at approximately $98,366,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock worth $22,146,030,000 after buying an additional 757,322 shares during the period. State Street Corp raised its holdings in shares of Palantir Technologies by 1.1% during the fourth quarter. State Street Corp now owns 102,385,317 shares of the company's stock valued at $18,198,990,000 after acquiring an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock valued at $9,599,882,000 after acquiring an additional 805,047 shares in the last quarter. Norges Bank purchased a new stake in Palantir Technologies in the fourth quarter worth $5,149,641,000. Finally, Invesco Ltd. boosted its holdings in Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research analyst reports. William Blair reissued an "outperform" rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Benchmark reaffirmed a "hold" rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Oppenheimer cut shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. UBS Group set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 11th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.19.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: U.S. Army TITAN award strengthens defense outlook: Palantir won an agreement to produce and deliver eight AI-enabled TITAN battlefield intelligence ground stations. Reports value Palantir’s portion at approximately $127 million within a broader $192 million production award shared with Anduril. The contract moves TITAN into production and supports Palantir’s position in software-defined defense. Palantir to Deliver Eight TITAN Systems to the U.S. Army
• Positive Sentiment: Commercial and financial-services expansion remains a catalyst: Former AIG Chairman and CEO Peter Zaffino will join Palantir in January 2027 as Global Head of Financial Services. The appointment could help accelerate enterprise adoption, although some valuation analysis suggests the hiring news may already be reflected in the share price. Peter Zaffino to Join Palantir Technologies as Global Head of Financial Services
• Positive Sentiment: Some analysts remain bullish: Zacks upgraded Palantir to Rank #1, or Strong Buy, citing improving earnings prospects. Jim Cramer also pointed to Palantir’s Rule of 40 performance, while Baird maintained an Outperform view and a $200 price target following a product demonstration. Palantir Technologies Upgraded to Strong Buy
• Neutral Sentiment: Leadership is increasing its defense-tech exposure: CEO Alex Karp is backing a new defense-technology venture led by former Ukrainian defense official Mykhailo Fedorov. The move may expand Palantir’s strategic network, but it is not an immediate revenue catalyst for PLTR. Palantir CEO Alex Karp backs new defense-tech startup
• Negative Sentiment: Profit-taking and institutional selling are weighing on the shares: Palantir gained roughly 48% in August, prompting investors to lock in gains. ARK Invest also sold about $26 million of PLTR stock, adding to near-term supply. Palantir stock falls as investors take profit
• Negative Sentiment: Valuation remains the central concern: With a market capitalization above $400 billion and a price-to-earnings ratio near 145, the stock is priced for sustained high growth. Analysts are questioning whether recent gains leave insufficient room for execution missteps, while a downgrade after reaching a price target has reinforced caution. Why Palantir’s stock is suffering its worst slump since February
• Negative Sentiment: Competitive and sector pressures are adding to the pullback: Google’s push into markets that overlap with Palantir’s profitable AI and government-software businesses raises a longer-term competitive risk. Broad selling across software stocks is amplifying the effect, even as the Army contract provides supportive fundamentals. Palantir Stock Gets New Problem From Google

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director directly owned 54,107 shares of the company's stock, valued at $8,927,655. This trade represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 720,166 shares of company stock worth $116,825,178. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 5.8%

PLTR stock opened at $169.46 on Thursday. The business has a 50 day moving average of $147.48 and a 200 day moving average of $142.97. The firm has a market cap of $407.22 billion, a PE ratio of 144.84, a price-to-earnings-growth ratio of 2.54 and a beta of 1.62. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $0.16 earnings per share. The company's revenue for the quarter was up 92.8% compared to the same quarter last year. On average, research analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Palantir Technologies Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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