Bank of New York Mellon Corp Reduces Position in Palantir Technologies Inc. $PLTR

Bank of New York Mellon Corp reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,306,756 shares of the company's stock after selling 412,815 shares during the period. Bank of New York Mellon Corp owned approximately 0.51% of Palantir Technologies worth $1,435,829,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $5,149,641,000. Jennison Associates LLC acquired a new stake in Palantir Technologies during the first quarter worth about $1,574,111,000. Arrowstreet Capital Limited Partnership raised its position in Palantir Technologies by 277.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock valued at $1,528,143,000 after acquiring an additional 7,678,747 shares in the last quarter. State Street Corp raised its position in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. lifted its holdings in Palantir Technologies by 917.4% in the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company's stock valued at $1,170,596,000 after acquiring an additional 5,938,343 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 150,000 shares of the company's stock in a transaction dated 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 completion of the sale, the insider owned 599,899 shares of the company's stock, valued at approximately $77,986,870. This represents a 20.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total value of $190,752.80. Following the transaction, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 227,778 shares of company stock worth $30,696,263. 9.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on PLTR. BTIG Research lowered Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. HSBC cut shares of Palantir Technologies from a "buy" rating to a "hold" rating and decreased their target price for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Wolfe Research began coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating on the stock. Zacks Research upgraded shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $204.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Two investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.19.

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 Trading Down 0.7%

Shares of Palantir Technologies stock opened at $173.96 on Friday. The firm has a market capitalization of $418.04 billion, a PE ratio of 148.68, a P/E/G ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The firm's 50-day moving average price is $137.87 and its 200 day moving average price is $140.47.

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

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.

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