ABN AMRO Bank N.V. Purchases 619,447 Shares of Palantir Technologies Inc. $PLTR

Key Points

• ABN AMRO significantly increased its Palantir stake by purchasing 619,447 shares in the second quarter, bringing its total holdings to 658,389 shares valued at approximately $76.8 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong quarterly results, with revenue of $1.94 billion, up 92.8% year over year, and adjusted earnings of $0.41 per share, beating analysts’ $0.34 estimate.
• Analyst sentiment remains generally positive but valuation and insider selling are risks: PLTR has a “Moderate Buy” consensus rating and a $192.19 average price target, while insiders sold shares recently and the stock trades at a high price-to-earnings ratio of 148.68.

ABN AMRO Bank N.V. boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1,590.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 658,389 shares of the company's stock after purchasing an additional 619,447 shares during the period. ABN AMRO Bank N.V.'s holdings in Palantir Technologies were worth $76,752,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $450,000. Bison Wealth LLC lifted its holdings in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC boosted its position in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock valued at $1,447,000 after buying an additional 4,722 shares during the period. Schnieders Capital Management LLC. boosted its position in Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock valued at $858,000 after buying an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP bought a new position in Palantir Technologies in the 2nd quarter worth about $315,000. Institutional investors own 45.65% of the company's stock.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 150,000 shares of the company's stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the transaction, the insider owned 599,899 shares in the company, valued at approximately $77,986,870. This represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director directly owned 54,107 shares of the company's stock, valued at approximately $8,927,655. This represents a 5.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 227,778 shares of company stock worth $30,696,263 over the last 90 days. 9.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on PLTR. HSBC cut 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 research note on Friday, May 1st. BNP Paribas Exane assumed coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an "underperform" rating on the stock. Wolfe Research assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $204.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada reissued an "underperform" rating and set a $90.00 price objective on shares of Palantir Technologies in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.19.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $173.96 on Friday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The business has a fifty day moving average price of $137.87 and a 200-day moving average price of $140.47. The stock has a market capitalization of $418.04 billion, a price-to-earnings ratio of 148.68, a PEG ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm's revenue was up 92.8% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Strong growth and margins support the bull case: Palantir’s latest quarter featured approximately 93% year-over-year revenue growth, an earnings beat, and expanding margins. Analysts and commentators argue that its rising Rule of 40 score and efficient AI-driven growth could represent a durable structural advantage. Palantir's Margin Expansion Signals a Structural Growth Advantage
• Positive Sentiment: Enterprise and sovereign AI demand remains a key catalyst: CEO Alex Karp said Palantir could sustain its current growth and margin profile over the next 18 months, while the company’s Sovereignty Bootcamps have attracted nearly 200 organizations. The strong participation suggests growing demand for localized and secure AI deployments. Palantir's Sovereignty Bootcamps Draw Nearly 200 Organizations in <30 Days
• Positive Sentiment: Momentum and analyst optimism continue: Recent coverage describes improving software-stock outlooks, potential technical breakout conditions, and continued post-earnings momentum. Zacks also added PLTR to its Rank #1 Strong Buy list. Is Palantir Stock About to Breakout?
• Neutral Sentiment: Short-covering may be amplifying the rally: Reports estimate roughly $12 billion in short interest and about $5 billion in short-seller losses, potentially adding technical buying pressure. This can support the stock near term but does not necessarily change the company’s underlying value. Short Sellers Are Losing Big on Palantir — Here's the Data
• Negative Sentiment: Valuation is the principal risk: With the stock trading at a very high earnings multiple after its sharp advance, skeptics question whether extraordinary growth is already priced in. Some bearish commentary argues that even strong execution may not justify current expectations. Is Palantir Still a Buy After Its 33% Rally Over the Past Month?
• Negative Sentiment: Insider selling adds caution: A Palantir director reportedly sold approximately $2.79 million of shares, reinforcing concerns about valuation and profit-taking after the rally. Palantir Director Offloads $2.79M

Palantir Technologies Company 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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source