Swiss National Bank Increases Position in Palantir Technologies Inc. $PLTR

Swiss National Bank increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,527,000 shares of the company’s stock after acquiring an additional 42,800 shares during the quarter. Palantir Technologies makes up 0.7% of Swiss National Bank’s portfolio, making the stock its 19th biggest position. Swiss National Bank owned 0.28% of Palantir Technologies worth $1,190,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. grew its stake in Palantir Technologies by 778.7% in the third quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after purchasing an additional 54,347 shares in the last quarter. Vanguard Group Inc. raised its stake in Palantir Technologies by 3.6% during the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after buying an additional 7,194,216 shares in the last quarter. Prentice Wealth Management LLC bought a new position in Palantir Technologies during the 3rd quarter worth approximately $550,000. Watershed Private Wealth LLC lifted its holdings in Palantir Technologies by 75.3% during the 3rd quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after buying an additional 3,350 shares during the last quarter. Finally, GAM Holding AG grew its position in shares of Palantir Technologies by 39.0% in the 3rd quarter. GAM Holding AG now owns 13,788 shares of the company’s stock worth $2,515,000 after acquiring an additional 3,868 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, insider Shyam Sankar sold 168,004 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Buckley sold 1,232 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider directly owned 43,108 shares in the company, valued at $5,564,380.64. This represents a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,054,279 shares of company stock valued at $142,212,233 over the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Up 2.9%

Shares of NASDAQ PLTR opened at $157.16 on Monday. The firm’s 50-day simple moving average is $155.48 and its 200 day simple moving average is $169.08. The stock has a market cap of $375.88 billion, a P/E ratio of 249.46, a P/E/G ratio of 3.12 and a beta of 1.70. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released 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 firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies’s quarterly revenue was up 70.0% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PLTR shares. HSBC raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Tuesday, February 3rd. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Tuesday, February 10th. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 target price on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, DA Davidson decreased their price target on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.68.

View Our Latest Research Report on PLTR

More Palantir Technologies News

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Palantir Technologies Company 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.

See Also

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

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