Skandinaviska Enskilda Banken AB publ Has $92.36 Million Stock Position in Palantir Technologies Inc. $PLTR

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 9.5% in the third quarter, Holdings Channel reports. The institutional investor owned 506,310 shares of the company’s stock after buying an additional 43,910 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Palantir Technologies were worth $92,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Briaud Financial Planning Inc bought a new stake in Palantir Technologies in the 2nd quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of Palantir Technologies during the 2nd quarter worth about $27,000. Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the second quarter valued at about $29,000. Zeit Capital LLC bought a new stake in shares of Palantir Technologies in the second quarter valued at about $30,000. Finally, Financial Consulate Inc. acquired a new stake in Palantir Technologies during the third quarter worth about $30,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Key Palantir Technologies News

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

Analyst Ratings Changes

PLTR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Mizuho set a $195.00 target price on Palantir Technologies in a research note on Tuesday, February 3rd. The Goldman Sachs Group decreased their price target on shares of Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $191.05.

Get Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Price Performance

Palantir Technologies stock opened at $131.36 on Tuesday. The firm has a market capitalization of $313.09 billion, a P/E ratio of 208.51, a P/E/G ratio of 2.53 and a beta of 1.64. The stock has a fifty day moving average price of $168.93 and a two-hundred day moving average price of $172.43. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52.

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

Insider Activity

In other news, insider Ryan D. Taylor sold 12,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $2,176,200.00. Following the completion of the transaction, the insider owned 239,409 shares in the company, valued at approximately $43,416,822.15. The trade was a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 45,564 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $7,119,375.00. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,005,040,312.50. The trade was a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,023,844 shares of company stock valued at $167,455,085. Corporate insiders own 12.93% 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.

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

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