Swedbank AB Purchases 1,690,861 Shares of Palantir Technologies Inc. $PLTR

Swedbank AB grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 80.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,780,507 shares of the company’s stock after buying an additional 1,690,861 shares during the period. Swedbank AB’s holdings in Palantir Technologies were worth $553,013,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Milestone Asset Management LLC lifted its holdings in shares of Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after purchasing an additional 42,173 shares in the last quarter. VCI Wealth Management LLC grew its position in shares of Palantir Technologies by 42.3% in the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after purchasing an additional 3,621 shares during the period. Vanguard Group Inc. increased its stake in Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $222,143,000. Finally, Jefferson Bridge Capital LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $1,322,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

PLTR traded up $2.91 on Tuesday, hitting $135.45. 20,222,103 shares of the company were exchanged, compared to its average volume of 47,368,293. The stock’s fifty day moving average is $133.44 and its 200-day moving average is $147.67. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The company has a market cap of $324.71 billion, a PE ratio of 152.27, a PEG ratio of 2.08 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business’s revenue was up 84.7% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. As a group, equities research analysts expect that Palantir Technologies Inc. will post 1.16 EPS for the current fiscal year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir announced an expanded AI platform agreement with GNP Seguros, its first publicly announced commercial customer in Latin America, which broadens the company’s international footprint and supports its push beyond government contracts. Article Title
• Positive Sentiment: D.A. Davidson upgraded Palantir to Buy from Neutral, citing its growing role as an AI orchestration layer for enterprises. Analyst upgrades can help reinforce confidence after the stock’s recent weakness. Article Title
• Positive Sentiment: Several commentary pieces argued that Palantir’s recent selloff may have created a more attractive entry point, with some noting strong revenue growth, high net retention, and expanding commercial adoption. Article Title
• Neutral Sentiment: Investors are still weighing Palantir’s high valuation against its rapid growth, with multiple articles this week highlighting both bullish long-term AI demand and concerns that the stock remains expensive after its sharp run-up. Article Title
• Negative Sentiment: Some recent coverage pointed to the stock’s steep decline from its highs and ongoing concerns about insider selling and prior volatility, which may cap enthusiasm even after the latest bounce. Article Title
• Negative Sentiment: Palantir also faces lingering risk from political scrutiny around its UK NHS contract, which remains an overhang for investors watching government renewal risk. Article Title

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research reports. Weiss Ratings lowered shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. UBS Group raised shares of Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $205.00 to $151.00 in a report on Friday, May 1st. DA Davidson raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $165.00 to $175.00 in a research report on Thursday, July 2nd. Finally, BNP Paribas Exane began coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an “underperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.85.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the transaction, the director directly owned 55,022 shares in the company, valued at approximately $8,803,520. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This trade represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 927,270 shares of company stock worth $126,197,785 in the last quarter. 9.53% of the stock is owned by company insiders.

Palantir Technologies 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.