Palantir Technologies Inc. $PLTR Position Increased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.5% in the second quarter, Holdings Channel.com reports. The firm owned 805,900 shares of the company’s stock after purchasing an additional 41,800 shares during the period. Palantir Technologies comprises 0.5% of KLP Kapitalforvaltning AS’s holdings, making the stock its 28th largest holding. KLP Kapitalforvaltning AS’s holdings in Palantir Technologies were worth $109,860,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $2,543,888,000. Nuveen LLC acquired a new position in Palantir Technologies in the first quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD raised its position in Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Finally, Amundi lifted its stake in Palantir Technologies by 56.1% in the first quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after acquiring an additional 3,815,386 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR stock opened at $179.53 on Tuesday. The stock has a market capitalization of $425.91 billion, a price-to-earnings ratio of 598.45, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The company has a 50-day moving average of $169.33 and a two-hundred day moving average of $137.95. Palantir Technologies Inc. has a 52-week low of $38.78 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $939.29 million. During the same period in the previous year, the company posted $0.09 earnings per share. The firm’s revenue for the quarter 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. Equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,591,085 shares of company stock valued at $244,676,722. 12.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup restated a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. UBS Group reissued a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. Bank of America upped their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Finally, Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $140.22.

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.