Lansforsakringar Fondforvaltning AB publ Has $120.97 Million Stake in Palantir Technologies Inc. $PLTR

Lansforsakringar Fondforvaltning AB publ grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 663,120 shares of the company’s stock after buying an additional 15,344 shares during the period. Palantir Technologies makes up 0.6% of Lansforsakringar Fondforvaltning AB publ’s investment portfolio, making the stock its 22nd biggest holding. Lansforsakringar Fondforvaltning AB publ’s holdings in Palantir Technologies were worth $120,966,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies in the 2nd quarter valued at approximately $27,000. Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $29,000. Zeit Capital LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $30,000. Financial Consulate Inc. acquired a new position in shares of Palantir Technologies in the third quarter valued at $30,000. Finally, GS Investments Inc. bought a new position in Palantir Technologies in the second quarter worth $31,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 0.3%

NASDAQ PLTR opened at $135.24 on Friday. Palantir Technologies Inc. has a 1-year low of $66.12 and a 1-year high of $207.52. The company has a 50 day moving average of $164.88 and a 200-day moving average of $171.58. The firm has a market cap of $322.34 billion, a price-to-earnings ratio of 214.67, a PEG ratio of 2.60 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies’s revenue was up 70.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. CICC Research upped their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. HSBC upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Tuesday, February 3rd. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, February 2nd. Finally, Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $191.05.

Read Our Latest Stock Analysis on PLTR

Palantir Technologies News Summary

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

Insiders Place Their Bets

In other news, insider David A. Glazer sold 9,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the sale, the insider owned 413,639 shares in the company, valued at approximately $76,899,626.49. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 3,400 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $616,590.00. Following the completion of the sale, the director owned 58,687 shares of the company’s stock, valued at approximately $10,642,887.45. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,100 shares of company stock worth $10,576,379 in the last three months. Company insiders own 9.23% of the company’s stock.

About Palantir Technologies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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