Fagan Associates Inc. Purchases 5,333 Shares of Palantir Technologies Inc. $PLTR

Fagan Associates Inc. grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.1% in the 3rd quarter, Holdings Channel reports. The firm owned 136,741 shares of the company’s stock after acquiring an additional 5,333 shares during the quarter. Palantir Technologies accounts for about 2.9% of Fagan Associates Inc.’s portfolio, making the stock its 8th largest holding. Fagan Associates Inc.’s holdings in Palantir Technologies were worth $25,577,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its position 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 during the period. State Street Corp lifted its holdings in Palantir Technologies by 2.8% in 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. lifted its holdings in Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after buying an additional 616,297 shares during the period. Bank of America Corp DE lifted its holdings in Palantir Technologies by 1.0% in the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock valued at $2,219,094,000 after buying an additional 180,486 shares during the period. Finally, Amundi boosted its position in Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after acquiring an additional 1,212,653 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 0.2%

NASDAQ PLTR traded down $0.33 on Tuesday, hitting $208.67. 18,467,959 shares of the company were exchanged, compared to its average volume of 42,592,074. The company has a market cap of $501.45 billion, a PE ratio of 178.35, a PEG ratio of 2.87 and a beta of 1.60. The stock has a fifty day moving average of $179.67 and a 200-day moving average of $150.60. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business’s quarterly revenue was up 92.8% compared to the same quarter last year. On average, analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider directly owned 56,921 shares of the company’s stock, valued at $9,920,761.09. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 Alexander 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 value of $86,057,506.92. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders have sold 536,364 shares of company stock valued at $93,083,303. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: New sovereign-defense AI venture: Palantir and Ondas launched Regna AI, a standalone company that will develop secure, mission-specific AI models for drones, surveillance systems, ground vehicles and other autonomous defense platforms. The partnership could broaden Palantir’s government opportunity and reinforce its role as an infrastructure provider across different AI systems. Ondas Announces Regna AI, Powered by Palantir, to Advance Sovereign AI
• Positive Sentiment: Bullish growth outlook: Several recent commentaries argue that Palantir’s operating momentum and AI demand could support additional upside, including a potential move toward $300 by the end of 2028. Supporters point to rapidly rising earnings estimates and strong commercial and government adoption. Palantir Technologies Stock Could Reach $300 by the End of 2028
• Positive Sentiment: Recent business execution remains a catalyst: Palantir’s latest reported quarter included 92.8% year-over-year revenue growth and earnings above consensus, helping explain the stock’s powerful recent rally and continued investor interest.
• Neutral Sentiment: Upcoming earnings event: Palantir will release third-quarter 2026 results after the market close on November 2, followed by a webcast. Investors are likely to focus on commercial growth, government contracts, margins and guidance. Palantir Announces Date of Third Quarter 2026 Earnings Release and Webcast
• Neutral Sentiment: CTO comments attract attention: CTO Shyam Sankar criticized both extreme AI pessimism and excessive optimism. The comments may strengthen Palantir’s distinctive public profile, but they do not directly change near-term financial results and could create reputational noise.
• Negative Sentiment: Valuation risk is elevated: Analysts note that the stock is trading far above many price targets and requires exceptional growth to justify its earnings multiple. This leaves PLTR vulnerable to profit-taking or disappointment in future results. Palantir: Outstanding Execution, But the Current Valuation Demands Exceptional Growth
• Negative Sentiment: Brokerage downgrade: Phillip Securities moved Palantir from “strong buy” to “hold,” adding to concerns that the recent rally has outpaced fundamental expectations.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PLTR. Roth Capital started coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating for the company. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Tuesday, August 4th. Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of Palantir Technologies in a research report on Wednesday, September 23rd. Finally, Wedbush assumed coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $200.54.

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.