Andra AP fonden Grows Position in Palantir Technologies Inc. $PLTR

Andra AP fonden increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 407,700 shares of the company’s stock after purchasing an additional 22,663 shares during the quarter. Palantir Technologies accounts for approximately 0.7% of Andra AP fonden’s portfolio, making the stock its 19th biggest position. Andra AP fonden’s holdings in Palantir Technologies were worth $59,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Basepoint Wealth LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $29,000. Morton Brown Family Wealth LLC raised its stake in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $31,000. Clayton Financial Group LLC boosted its position in shares of Palantir Technologies by 500.0% during the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Finally, Wexford Capital LP purchased a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $36,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Several articles argue Palantir’s long-term growth case remains intact, pointing to its expanding AI software footprint and the strength of its AIP platform. Palantir: The Stock Is Richly Valued With a Forward P/S Multiple of Over 40x, but Is the Growth Story Still Worth Buying Into?
• Positive Sentiment: Commentary from top investors and market watchers says Palantir’s business momentum and product expansion could support further gains despite the stock’s premium valuation. It’s Not Crazy, Says Top Investor About Palantir Stock
• Positive Sentiment: Another piece says Palantir keeps defying skeptics with a string of earnings beats and a raised outlook, reinforcing the idea that fundamentals are still improving. Predicition: Palantir Defies Doubters. Here’s Our New Price Target
• Neutral Sentiment: Palantir is also being widely searched and discussed, which shows elevated investor interest but does not by itself change the outlook.
• Neutral Sentiment: Several articles revisit the stock’s big run from its IPO and its recent pullback, keeping focus on valuation and volatility rather than any new company-specific catalyst.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,481 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the transaction, the insider directly owned 60,226 shares of the company’s stock, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $160.00, for a total value of $255,680.00. Following the completion of the transaction, the director owned 55,022 shares in the company, valued at approximately $8,803,520. The trade was a 2.82% decrease in their position. 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. Insiders sold 1,112,270 shares of company stock worth $150,247,785 over the last three months. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Up 1.9%

Shares of NASDAQ:PLTR opened at $134.85 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm’s 50 day moving average price is $132.16 and its 200 day moving average price is $143.69. The stock has a market cap of $323.28 billion, a price-to-earnings ratio of 151.52, a price-to-earnings-growth ratio of 2.12 and a beta of 1.56.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research analyst reports. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, May 6th. Phillip Securities lifted their price objective on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. UBS Group upgraded Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Royal Bank Of Canada reissued an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Finally, BNP Paribas Exane began coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an “underperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.85.

Palantir Technologies Company 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.