Bank of America Corp DE Boosts Stake in Palantir Technologies Inc. $PLTR

Bank of America Corp DE boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,020,265 shares of the company's stock after buying an additional 180,486 shares during the period. Bank of America Corp DE owned 0.79% of Palantir Technologies worth $2,219,094,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PLTR. BCGM Wealth Management LLC lifted its position in Palantir Technologies by 2.0% in the second quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock valued at $374,000 after purchasing an additional 64 shares during the period. LifeSteps Financial Inc. lifted its position in shares of Palantir Technologies by 4.9% during the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock valued at $217,000 after acquiring an additional 69 shares during the period. IFC & Insurance Marketing Inc. boosted its stake in shares of Palantir Technologies by 4.0% during the 1st quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company's stock worth $264,000 after acquiring an additional 70 shares in the last quarter. IMG Wealth Management Inc. boosted its stake in shares of Palantir Technologies by 5.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 1,341 shares of the company's stock worth $156,000 after acquiring an additional 70 shares in the last quarter. Finally, Summit Financial Strategies Inc. grew its holdings in shares of Palantir Technologies by 3.1% in the 1st quarter. Summit Financial Strategies Inc. now owns 2,382 shares of the company's stock worth $348,000 after acquiring an additional 71 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PLTR shares. Cantor Fitzgerald began coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued an "overweight" rating for the company. Wedbush started coverage on Palantir Technologies in a research report on Tuesday, June 16th. They issued an "outperform" rating on the stock. BNP Paribas Exane assumed coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "underperform" rating on the stock. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a report on Tuesday, August 11th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price target on shares of Palantir Technologies in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $194.04.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Analysts and market commentators argue that Palantir’s year-long consolidation could offer a buying opportunity, citing surging commercial AI demand, record bookings and exceptional margins. Does PLTR's One-Year Consolidation Offer a Buying Opportunity?
• Positive Sentiment: Palantir may benefit even if the frontier-model arms race slows, because its software helps enterprises deploy and govern AI rather than relying solely on faster model development. Wall Street sees potential upside if the company converts existing sales into delivered revenue. Palantir stock may win even if AI boom slows
• Positive Sentiment: Palantir’s AIPCon reportedly highlighted rising demand for data sovereignty, custom AI deployments and broader ecosystem adoption—trends that could increase demand for its platform. Palantir's AIPCon Highlights Data Sovereignty Demand
• Positive Sentiment: DA Davidson raised its Palantir price target while maintaining a bullish view, and other firms including Rosenblatt reaffirmed positive ratings. Wall Street analyst updates Palantir stock price target
• Neutral Sentiment: AI leaders signaling that rapid industry growth may moderate could reduce competitive pressure on established enterprise-software vendors, potentially benefiting Palantir. However, slower AI spending could also temper demand across the sector. Palantir Stock Rises as AI Leaders Hint at Growth Slowdown
• Negative Sentiment: Palantir, Nvidia and Booz Allen are reportedly restricting use of Anthropic and OpenAI models until providers guarantee that proprietary data will not be retained or used for training. The issue underscores demand for secure AI, but could slow deployments and add implementation friction. Palantir, Nvidia, Booz Allen restrict Anthropic and OpenAI models
• Negative Sentiment: Investors remain focused on whether Palantir can deploy already-sold work quickly enough to justify its premium valuation. Execution delays could limit further gains despite recent outperformance. Can Palantir Deploy Fast Enough To Move Its Stock Higher?

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 492,348 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 3,032 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director directly owned 54,107 shares in the company, valued at approximately $8,927,655. This represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 720,027 shares of company stock valued at $116,879,340. Company insiders own 9.53% of the company's stock.

Palantir Technologies Stock Up 3.6%

Shares of PLTR stock opened at $173.31 on Tuesday. The stock has a market cap of $416.47 billion, a price-to-earnings ratio of 148.13, a price-to-earnings-growth ratio of 2.36 and a beta of 1.62. The firm's 50 day moving average price is $155.64 and its two-hundred day moving average price is $145.20. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

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

Palantir Technologies Company Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company's principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.

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