Fortitude Family Office LLC Acquires 2,716 Shares of Palantir Technologies Inc. $PLTR

Fortitude Family Office LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 293.6% during the third quarter, HoldingsChannel.com reports. The fund owned 3,641 shares of the company’s stock after buying an additional 2,716 shares during the period. Fortitude Family Office LLC’s holdings in Palantir Technologies were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Sloy Dahl & Holst LLC grew its holdings in shares of Palantir Technologies by 1.9% during the third quarter. Sloy Dahl & Holst LLC now owns 186,000 shares of the company’s stock worth $34,791,000 after buying an additional 3,446 shares during the last quarter. Western Financial Corp CA raised its stake in Palantir Technologies by 1,746.6% during the 3rd quarter. Western Financial Corp CA now owns 46,609 shares of the company’s stock valued at $8,718,000 after acquiring an additional 44,085 shares during the last quarter. SC&H Financial Advisors Inc. purchased a new stake in Palantir Technologies during the 3rd quarter valued at approximately $224,000. Tenon Financial LLC purchased a new stake in Palantir Technologies during the 3rd quarter valued at approximately $342,000. Finally, Tempus Wealth Planning LLC raised its stake in Palantir Technologies by 3.3% during the 3rd quarter. Tempus Wealth Planning LLC now owns 10,598 shares of the company’s stock valued at $1,982,000 after acquiring an additional 336 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

More Palantir Technologies News

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

• Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
• Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
• Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
• Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view

Insider Buying and Selling

In other Palantir Technologies news, Director Eric Woersching sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the transaction, the director owned 3,465 shares in the company, valued at approximately $710,325. The trade was a 22.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 5,026 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the transaction, the director owned 46,402 shares in the company, valued at $9,233,998. The trade was a 9.77% 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 560,390 shares of company stock worth $97,909,177 in the last three months. Company insiders own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent research reports. Weiss Ratings raised Palantir Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Friday, July 31st. UBS Group upped their price target on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research note on Tuesday, August 11th. Finally, Mizuho increased their price target on Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $200.54.

Palantir Technologies Stock Down 3.7%

Shares of NASDAQ:PLTR opened at $200.97 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The firm’s 50-day simple moving average is $181.44 and its 200-day simple moving average is $151.35. The company has a market cap of $482.94 billion, a price-to-earnings ratio of 171.77, a PEG ratio of 2.87 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Palantir Technologies Profile

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.