Quintet Private Bank Europe S.A. Acquires 4,265 Shares of Palantir Technologies Inc. $PLTR

Quintet Private Bank Europe S.A. increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 62.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 11,115 shares of the company’s stock after buying an additional 4,265 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Palantir Technologies were worth $2,079,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after buying an additional 757,322 shares in the last quarter. State Street Corp lifted its stake in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after buying an additional 2,863,874 shares during the period. Invesco Ltd. boosted its position in Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after acquiring an additional 616,297 shares during the last quarter. Bank of America Corp DE grew its stake in Palantir Technologies by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after acquiring an additional 180,486 shares during the period. Finally, Amundi grew its stake in Palantir Technologies by 7.4% in the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after acquiring an additional 1,212,653 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PLTR shares. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research note on Tuesday, August 11th. Wolfe Research initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating for the company. Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Piper Sandler reissued an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and an average price target of $196.30.

Palantir Technologies Trading Up 1.9%

PLTR traded up $3.63 during trading on Thursday, hitting $197.75. 30,400,108 shares of the company’s stock were exchanged, compared to its average volume of 42,770,859. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The stock has a 50 day moving average price of $174.75 and a 200 day moving average price of $149.54. The firm has a market cap of $475.21 billion, a P/E ratio of 168.93, a price-to-earnings-growth ratio of 2.70 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business 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 business’s revenue for the quarter was up 92.8% compared to the same quarter last year. Analysts forecast that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Palantir Technologies News Summary

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to “Buy” from “Neutral” and assigned a $230 price target. Analyst Gabriela Borges said demand for sovereign AI, custom software development and specialized industry applications could substantially expand Palantir’s addressable market. Palantir shares rise over 3% after Goldman Sachs upgrade
• Positive Sentiment: The upgrade reinforces an increasingly favorable analyst narrative. Yorkville Ives recently initiated coverage with a Buy rating and a $250 target, while Wedbush’s Dan Ives named Palantir among his leading AI stock picks for 2027. Palantir shares gain as fresh analyst calls reinforce AI growth narrative
• Positive Sentiment: Palantir’s growth backdrop remains strong. Its latest quarterly results showed approximately 93% year-over-year revenue growth, record U.S. commercial contract activity and raised 2026 revenue guidance of roughly $8.15 billion. Sovereign AI deployments, including the company’s partnership with Armada, are adding to the expansion story. Palantir is betting on sovereign AI to help take its stock higher
• Neutral Sentiment: Institutional positioning is mixed: 1,426 funds added PLTR shares in their latest quarter compared with 1,381 that reduced holdings. Government awards also remain a meaningful revenue support, with more than $2 billion in payments reported over the past year.
• Negative Sentiment: Valuation is a significant counterweight. Palantir trades at a very high earnings multiple relative to the software sector, leaving the shares vulnerable if growth slows or costs rise. Can Palantir justify its premium valuation?
• Negative Sentiment: Zacks Research lowered its rating from “Strong Buy” to “Hold.” In addition, company insiders have reported numerous sales and no purchases over the past six months, while investor Michael Burry remains bearish on major AI stocks, including Palantir.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at $100,081,780.20. This represents a 5.16% 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. In the last 90 days, insiders have sold 536,364 shares of company stock valued at $93,083,303. Corporate insiders own 9.53% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.