Heartland Bank & Trust Co Takes $1.31 Million Position in Palantir Technologies Inc. $PLTR

Key Points

• Heartland Bank & Trust Co. bought a new Palantir stake of 11,247 shares worth approximately $1.31 million during the second quarter. Other institutions also added positions, with institutional investors collectively owning 45.65% of PLTR.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and adjusted earnings exceeding estimates. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $192.19, though ratings range from “Strong Buy” to “Underperform.”
• Risk factors remain significant: PLTR trades at a very high P/E ratio of 153.79, while insiders have sold more than 227,000 shares worth approximately $30.7 million over the past three months.

Heartland Bank & Trust Co bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,247 shares of the company's stock, valued at approximately $1,312,000.

Several other large investors have also recently modified their holdings of PLTR. C M Bidwell & Associates Ltd. purchased a new stake in Palantir Technologies during the 2nd quarter valued at $35,000. Ninepoint Partners LP bought a new position in Palantir Technologies during the second quarter valued at $2,242,000. Great Lakes Advisors LLC bought a new position in Palantir Technologies during the second quarter valued at $7,133,000. Investmark Advisory Group LLC raised its stake in shares of Palantir Technologies by 10.0% in the second quarter. Investmark Advisory Group LLC now owns 1,855 shares of the company's stock valued at $216,000 after acquiring an additional 168 shares during the period. Finally, OFC Financial Planning LLC raised its stake in shares of Palantir Technologies by 20.4% in the second quarter. OFC Financial Planning LLC now owns 2,535 shares of the company's stock valued at $296,000 after acquiring an additional 430 shares during the period. Institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the transaction, the director directly owned 54,107 shares of the company's stock, valued at approximately $8,927,655. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the sale, the insider directly owned 60,226 shares of the company's stock, valued at $7,757,108.80. This represents a 2.40% 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 227,778 shares of company stock worth $30,696,263 in the last three months. Corporate insiders own 9.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PLTR shares. Northland Securities set a $200.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Mizuho raised their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed an "underperform" rating and set a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $192.19.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir benefited from a broad risk-on session in which major stock indexes recovered from the prior sell-off and Bitcoin rallied, helping lift sentiment toward growth and AI equities. Stock Market Today: Dow Gains 550 Points; Palantir Rises, Bitcoin Rallies
• Positive Sentiment: Investor follow-through from Palantir’s latest quarterly report remains a major catalyst. Revenue rose 92.8% year over year to approximately $1.94 billion, U.S. commercial revenue surged 149%, and management raised its full-year 2026 revenue, operating-income and free-cash-flow outlooks. Record contract value also points to continued demand for the company’s AI software across commercial and defense customers. Palantir Rises as Strong AI Demand and Raised Outlook Keep Momentum Going
• Positive Sentiment: Palantir moved above a closely watched technical level and cleared a reported buy zone, potentially attracting momentum-oriented investors and creating an add-on entry for existing shareholders. Palantir Stock Clears Buy Zone But Could Offer Alternative Entry
• Neutral Sentiment: The options market implies less movement than Palantir has historically delivered, but its projected trading range remains wide. That signals elevated event and volatility risk rather than a clear directional catalyst. Even The Calm Reading On Palantir Puts Nearly Half The Position In Play
• Negative Sentiment: Valuation remains a significant concern after the recent rally. With a very high earnings multiple, investors may demand continued exceptional growth for further gains.
• Negative Sentiment: Michael Burry’s renewed bearish options position and warning that the AI data-center boom may contain leverage and circular-financing risks could pressure sentiment, particularly if enthusiasm for AI stocks fades. Palantir: Why Michael Burry's Put Buys Should Not Deter Retail Investors
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases by insiders over the past six months, a potential caution signal for investors despite strong business momentum.

Palantir Technologies Trading Up 3.4%

Shares of PLTR opened at $179.94 on Friday. The firm has a fifty day moving average price of $138.90 and a 200-day moving average price of $140.74. The firm has a market capitalization of $432.41 billion, a P/E ratio of 153.79, a P/E/G ratio of 2.54 and a beta of 1.59. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results 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 net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $0.16 EPS. The firm's revenue was up 92.8% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

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.

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