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

Lansforsakringar Fondforvaltning AB publ grew its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 663,120 shares of the company’s stock after buying an additional 15,344 shares during the period. Palantir Technologies accounts for approximately 0.6% of Lansforsakringar Fondforvaltning AB publ’s investment portfolio, making the stock its 22nd largest holding. Lansforsakringar Fondforvaltning AB publ’s holdings in Palantir Technologies were worth $120,966,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Intrust Bank NA boosted its holdings in Palantir Technologies by 35.0% in the third quarter. Intrust Bank NA now owns 12,233 shares of the company’s stock valued at $2,232,000 after acquiring an additional 3,174 shares during the last quarter. Advyzon Investment Management LLC boosted its stake in shares of Palantir Technologies by 9.3% in the 3rd quarter. Advyzon Investment Management LLC now owns 5,065 shares of the company’s stock valued at $924,000 after purchasing an additional 432 shares during the last quarter. Rossby Financial LCC boosted its stake in shares of Palantir Technologies by 61.7% in the 3rd quarter. Rossby Financial LCC now owns 2,975 shares of the company’s stock valued at $550,000 after purchasing an additional 1,135 shares during the last quarter. Barings LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $244,000. Finally, Personal CFO Solutions LLC raised its stake in shares of Palantir Technologies by 8.3% during the third quarter. Personal CFO Solutions LLC now owns 12,050 shares of the company’s stock worth $2,198,000 after buying an additional 923 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 0.3%

PLTR stock 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 firm has a market cap of $322.34 billion, a PE ratio of 214.67, a P/E/G ratio of 2.60 and a beta of 1.64. The business’s 50-day moving average price is $164.88 and its two-hundred day moving average price is $171.58.

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

Analysts Set New Price Targets

PLTR has been the topic of a number of recent research reports. Northland Securities raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Tuesday, February 3rd. The Goldman Sachs Group reduced their price target on Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Zacks Research downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Finally, UBS Group decreased their target price on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $191.05.

Get Our Latest Research Report on Palantir Technologies

Key Stories Impacting Palantir Technologies

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

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 12,000 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 transaction of $2,176,200.00. Following the sale, the insider directly owned 239,409 shares in the company, valued at $43,416,822.15. This trade represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the transaction, the insider directly owned 47,044 shares of the company’s stock, valued at approximately $7,409,430. The trade was a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 62,100 shares of company stock valued at $10,576,379. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Profile

(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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