10,070 Palantir Technologies Inc. $PLTR Shares Bought by Defender Capital LLC.

Defender Capital LLC. lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 319,757 shares of the company’s stock after purchasing an additional 10,070 shares during the quarter. Palantir Technologies comprises 18.8% of Defender Capital LLC.’s portfolio, making the stock its largest position. Defender Capital LLC.’s holdings in Palantir Technologies were worth $59,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cornerstone Financial Management LLC bought a new position in Palantir Technologies during the 4th quarter worth $31,000. Prudent Man Investment Management Inc. acquired a new position in shares of Palantir Technologies during the fourth quarter valued at $35,000. Monetary Solutions Ltd bought a new position in shares of Palantir Technologies during the fourth quarter worth about $36,000. Reflection Asset Management acquired a new stake in shares of Palantir Technologies in the 4th quarter worth about $35,000. Finally, Ballast Advisors LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth about $29,000. Institutional investors own 45.65% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: Palantir is being highlighted as a potential long-term AI beneficiary. Analysts and financial commentators point to growing demand for its model-agnostic Artificial Intelligence Platform (AIP), expanding use of data tools across industries and the potential for continued revenue growth. Where Will Palantir Stock Be in 5 Years?
• Positive Sentiment: Technical commentary is also supportive: Palantir has rebuilt an uptrend after a major prior pullback, and one forecast identifies potential upside toward $207–$242 if the stock holds above a recent higher low. Palantir Stock Forecast: Weekly Breakout Puts $242 in Focus
• Positive Sentiment: Palantir’s partnership with Surf Air Mobility is reportedly accelerating the commercialization of aviation software products, while Surf Air added another OperatorOS customer. The development provides a tangible example of potential commercial adoption beyond Palantir’s government business. Surf Air Mobility Adds New OperatorOS Customer
• Neutral Sentiment: Reports that Anthropic is adopting a founder-control voting structure similar to Palantir’s governance model have renewed attention on Palantir’s corporate structure, but do not directly affect earnings.
• Neutral Sentiment: Palantir CEO Alex Karp’s reported purchase of roughly 37,000 acres of Swedish forest for about $22 million is unrelated to the company’s operating performance and is unlikely to materially affect valuation. Palantir CEO Alex Karp purchased Swedish forestland
• Negative Sentiment: Michael Burry has reportedly increased his Palantir short position because of accounting and valuation concerns. With a market capitalization near $457 billion and a very elevated earnings multiple, the stock is vulnerable if growth slows or investor enthusiasm for AI fades. What Michael Burry Sees in His Palantir Short
• Negative Sentiment: More than 44,000 people have reportedly filed legal objections to Palantir’s NHS data platform, adding reputational, regulatory and contract-execution risk. Legal objections to Palantir NHS platform

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BNP Paribas Exane assumed coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “underperform” rating for the company. Citigroup lowered shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. William Blair reaffirmed an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Palantir Technologies in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.33.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded up $2.99 during mid-day trading on Thursday, reaching $190.04. 17,826,946 shares of the company traded hands, compared to its average volume of 43,386,621. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm has a market cap of $456.68 billion, a PE ratio of 162.43, a price-to-earnings-growth ratio of 2.63 and a beta of 1.62. The stock has a fifty day simple moving average of $168.15 and a 200-day simple moving average of $148.22.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, analysts predict that Palantir Technologies Inc. will post 1.28 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Friedman Stat sold 1,342 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total transaction of $244,915.00. Following the completion of the transaction, the director owned 52,765 shares of the company’s stock, valued at $9,629,612.50. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction dated 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 sale, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade represents a 5.16% 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. Insiders sold a total of 535,027 shares of company stock worth $92,829,340 over the last 90 days. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Company 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.