Triglav Skladi D.O.O. Buys New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Key Points

• Triglav Skladi D.O.O. has acquired 9,500 shares of Palantir Technologies, valued at approximately $802,000, marking a significant investment in the company.
• Several institutional investors, including Goldman Sachs and Nuveen LLC, have also increased their stakes in Palantir, indicating growing confidence in the firm's future.
• Wall Street analysts have raised price targets for Palantir, with estimates ranging from $45 to $165, while the stock currently has an average rating of "Hold."

Triglav Skladi D.O.O. purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,500 shares of the company's stock, valued at approximately $802,000.

A number of other large investors also recently made changes to their positions in the stock. National Pension Service lifted its stake in shares of Palantir Technologies by 5.3% in the 1st quarter. National Pension Service now owns 5,205,738 shares of the company's stock valued at $439,364,000 after purchasing an additional 262,410 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co lifted its stake in shares of Palantir Technologies by 95.7% in the 1st quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 96,903 shares of the company's stock valued at $8,183,000 after purchasing an additional 47,388 shares during the period. Dagco Inc. acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $101,000. Russell Investments Group Ltd. raised its stake in Palantir Technologies by 16.6% during the 1st quarter. Russell Investments Group Ltd. now owns 823,719 shares of the company's stock worth $69,580,000 after buying an additional 117,232 shares during the period. Finally, Prudential PLC raised its stake in Palantir Technologies by 216.4% during the 1st quarter. Prudential PLC now owns 107,313 shares of the company's stock worth $9,057,000 after buying an additional 73,396 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 309,696 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $39,142,477.44. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $74,822.88. This trade represents a 99.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 358,982 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $45,371,734.98. Following the completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at $812,973,088.62. The trade was a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,515,632 shares of company stock worth $196,472,623 over the last three months. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group raised their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Loop Capital raised their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald raised their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. Finally, Wall Street Zen raised Palantir Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $136.61.

Palantir Technologies Price Performance

PLTR stock traded down $2.60 during trading hours on Wednesday, reaching $184.37. 53,416,270 shares of the stock were exchanged, compared to its average volume of 60,256,280. The company has a market cap of $435.10 billion, a price-to-earnings ratio of 614.59, a PEG ratio of 10.54 and a beta of 2.60. The firm's 50-day moving average is $148.82 and its 200-day moving average is $117.81. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. Palantir Technologies's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Company 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.