Palantir Technologies Inc. $PLTR Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in Palantir Technologies Inc. by 13.4% during the second quarter, resulting in holdings valued at approximately $134.61 million.
• Palantir reported a 48% increase in revenue year-over-year for its latest quarter, with earnings of $1 billion and earnings per share of $0.16, exceeding analysts' expectations.
• Major institutional investors hold 45.65% of Palantir's stock, with varying price targets set by multiple analysts, ranging from $90.00 to $170.00.

Swedbank AB raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 987,435 shares of the company's stock after purchasing an additional 116,441 shares during the quarter. Swedbank AB's holdings in Palantir Technologies were worth $134,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at $450,000. Bison Wealth LLC raised its holdings in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after buying an additional 4,667 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $11,655,000. Two Sigma Investments LP increased its stake in Palantir Technologies by 132.4% in the fourth quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock worth $4,166,000 after purchasing an additional 31,383 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of Palantir Technologies during the fourth quarter worth approximately $9,634,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

NASDAQ:PLTR traded up $5.42 during midday trading on Friday, hitting $182.39. The company's stock had a trading volume of 108,970,930 shares, compared to its average volume of 60,474,068. The firm has a market cap of $432.69 billion, a P/E ratio of 607.99, a P/E/G ratio of 9.97 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $35.71 and a fifty-two week high of $190.00. The firm's 50 day moving average is $163.32 and its 200-day moving average is $129.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business's quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction dated 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 sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,625,634 shares of company stock valued at $248,926,404 in the last quarter. 9.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PLTR shares. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Cantor Fitzgerald lifted their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus target price of $138.28.

Palantir Technologies Profile

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.