Amundi Has $2.06 Billion Stake in Palantir Technologies Inc. $PLTR

Amundi boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,623,053 shares of the company's stock after purchasing an additional 1,212,653 shares during the period. Amundi owned 0.73% of Palantir Technologies worth $2,056,082,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $29,000. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $31,000. Wexford Capital LP purchased a new position in Palantir Technologies during the 3rd quarter valued at about $36,000. Prudent Man Investment Management Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $35,000. Finally, Monetary Solutions Ltd acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $36,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of PLTR opened at $174.33 on Monday. The company has a market capitalization of $418.93 billion, a PE ratio of 149.00, a price-to-earnings-growth ratio of 2.47 and a beta of 1.62. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The company's fifty day moving average price is $150.22 and its 200 day moving average price is $143.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (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 net margin of 49.01% and a return on equity of 30.57%. The business's quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. Analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Friedman Stat sold 1,342 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total value of $244,915.00. Following the transaction, the director owned 52,765 shares of the company's stock, valued at approximately $9,629,612.50. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 721,508 shares of company stock worth $117,070,093 in the last 90 days. 9.53% of the stock is owned by company insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Expanded PwC alliance strengthens Palantir’s enterprise AI reach. Palantir and PwC expanded their strategic partnership to help organizations scale AI, transform mergers and acquisitions, and modernize ERP systems. PwC’s consulting network could help Palantir secure more corporate customers and larger deployments. PwC and Palantir Expand Strategic Alliance
• Positive Sentiment: Army contract adds support for the government business. Palantir won a prime agreement to deliver eight TITAN tactical intelligence ground-station systems to the U.S. Army, reportedly valued at about $192 million. The award expands Palantir’s role in defense intelligence and reinforces demand for its software and data platforms. What Does Palantir Winning Army Work Mean for AI Growth?
• Positive Sentiment: Technical momentum remains constructive. Palantir recently moved above its 20-day moving average and flashed a “golden cross” signal, which technical investors may interpret as evidence of continued short-term strength. The company’s latest reported quarter also featured 92.8% year-over-year revenue growth and earnings above analyst expectations.
• Neutral Sentiment: Investor commentary remains broadly bullish but speculative. Articles highlight Palantir as a potential AI software and cybersecurity winner, while management continues to promote secure, customized AI deployments. These views may support sentiment but do not represent new financial guidance.
• Negative Sentiment: Premium valuation leaves little room for disappointment. Palantir’s market capitalization is above $400 billion and its price-to-earnings ratio is around 149, making the stock vulnerable to profit-taking or any slowdown in growth and margins. Analysts note that its rapid expansion is already reflected in the share price. Is Palantir’s AI Growth Worth the Premium Valuation?
• Negative Sentiment: Competitive and insider-selling concerns persist. Google’s expanding government AI offerings could pressure Palantir’s public-sector opportunity. Michael Burry also renewed his bearish criticism of Palantir’s valuation and business model. Separately, a director sold $244,915 of stock under a pre-arranged Rule 10b5-1 plan, a modest negative sentiment signal. What’s Bugging Palantir’s Stock?

Analyst Upgrades and Downgrades

Several research firms recently commented on PLTR. DA Davidson raised their price target on shares of Palantir Technologies from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Mizuho upped their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Phillip Securities increased their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 11th. Finally, Roth Capital assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.19.

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.

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.

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