Swedbank AB Increases Stake in Palantir Technologies Inc. $PLTR

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 lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 987,435 shares of the company's stock after buying an additional 116,441 shares during the period. Swedbank AB's holdings in Palantir Technologies were worth $134,607,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth $450,000. Bison Wealth LLC increased its holdings in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Palantir Technologies in the 4th quarter worth about $11,655,000. Two Sigma Investments LP increased its holdings in Palantir Technologies by 132.4% in the 4th 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 in the last quarter. Finally, Woodline Partners LP acquired a new position in Palantir Technologies in the 4th quarter worth about $9,634,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction 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 $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,625,634 shares of company stock worth $248,926,404. 9.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLTR. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Bank of America upped their target price on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. UBS Group reissued a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada increased their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Four equities research 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, the stock presently has an average rating of "Hold" and a consensus price target of $138.28.

Palantir Technologies Stock Up 3.1%

NASDAQ:PLTR traded up $5.42 during trading hours on Friday, hitting $182.39. 108,970,930 shares of the company traded hands, compared to its average volume of 60,474,068. The firm's 50-day simple moving average is $163.32 and its 200-day simple moving average is $130.19. Palantir Technologies Inc. has a one year low of $35.71 and a one year high of $190.00. The company has a market cap of $432.69 billion, a PE ratio of 607.99, a PEG ratio of 10.28 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the business earned $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. As a group, equities research analysts expect 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.