Fulcrum Asset Management LLP Acquires 19,670 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Fulcrum Asset Management increased its Palantir stake by 170.2% in the third quarter, buying 19,670 shares to bring its total to 31,224 shares, valued at about $5.84 million.
• Other institutions also added shares, and institutional investors collectively own 45.65% of Palantir. The company reported Q3 revenue of $2.31 billion, up 95.9% year over year, and beat earnings and revenue estimates.
• Despite strong results, investors face concerns over slowing bookings and Palantir’s premium valuation. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $214.53.

Fulcrum Asset Management LLP increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 170.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,224 shares of the company's stock after purchasing an additional 19,670 shares during the period. Fulcrum Asset Management LLP's holdings in Palantir Technologies were worth $5,838,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PLTR. Allspring Global Investments Holdings LLC increased its stake in Palantir Technologies by 298.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 748,895 shares of the company's stock valued at $142,320,000 after purchasing an additional 560,998 shares in the last quarter. Accuvest Global Advisors raised its holdings in shares of Palantir Technologies by 29.1% during the third quarter. Accuvest Global Advisors now owns 12,680 shares of the company's stock valued at $2,372,000 after purchasing an additional 2,858 shares during the period. Entrust Financial LLC bought a new position in shares of Palantir Technologies during the 3rd quarter worth about $59,000. Beverly Hills Private Wealth LLC boosted its position in shares of Palantir Technologies by 12.9% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 5,686 shares of the company's stock worth $1,064,000 after purchasing an additional 649 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC boosted its position in shares of Palantir Technologies by 2.7% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 10,873 shares of the company's stock worth $2,034,000 after purchasing an additional 285 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Analysts Set New Price Targets

A number of analysts recently commented on PLTR shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $225.00 target price on shares of Palantir Technologies in a research report on Monday, October 26th. Raymond James Financial set a $255.00 price target on Palantir Technologies in a research note on Wednesday. Oppenheimer reiterated an "outperform" rating and issued a $235.00 price target (up from $200.00) on shares of Palantir Technologies in a report on Thursday, October 29th. Yorkville Ives began coverage on shares of Palantir Technologies in a report on Tuesday, October 6th. They set an "outperform" rating and a $250.00 price objective for the company. Finally, Cantor Fitzgerald lifted their target price on Palantir Technologies from $156.00 to $207.00 and gave the company a "neutral" rating in a research report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $214.53.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $160.38 on Monday. The firm has a market cap of $385.40 billion, a price-to-earnings ratio of 112.15, a price-to-earnings-growth ratio of 3.24 and a beta of 1.65. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The stock has a fifty day simple moving average of $185.88 and a two-hundred day simple moving average of $153.74.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The firm's revenue for the quarter was up 95.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Analysts forecast that Palantir Technologies Inc. will post 1.36 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Eric H. Woersching sold 1,000 shares of the stock in a transaction 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 sale, the director owned 3,465 shares in the company, valued at $710,325. This represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the firm's stock in a transaction 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 completion of the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 523,716 shares of company stock worth $92,212,379 in the last three months. Insiders own 9.53% of the company's stock.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company's platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.

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