Amalgamated Bank Has $63.60 Million Stock Position in Palantir Technologies Inc. $PLTR

Amalgamated Bank boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 466,548 shares of the company’s stock after buying an additional 31,411 shares during the period. Palantir Technologies makes up about 0.5% of Amalgamated Bank’s holdings, making the stock its 24th biggest position. Amalgamated Bank’s holdings in Palantir Technologies were worth $63,600,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Northern Trust Corp raised its position in Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after buying an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies in the 2nd quarter worth about $2,543,888,000. Invesco Ltd. increased its position in Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock worth $1,149,055,000 after purchasing an additional 571,544 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 4.9%

Shares of NASDAQ:PLTR opened at $198.81 on Thursday. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $199.85. The firm has a market capitalization of $471.64 billion, a PE ratio of 662.72, a PEG ratio of 10.28 and a beta of 2.60. The business’s 50 day moving average is $173.15 and its 200-day moving average is $149.36.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider owned 702,786 shares of the company’s stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 over the last quarter. Corporate insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. Mizuho set a $165.00 target price on Palantir Technologies in a research report on Monday, September 15th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. UBS Group reaffirmed a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $142.00.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.