Palantir Technologies Inc. $PLTR Shares Bought by Fortitude Family Office LLC

Key Points

• Fortitude Family Office increased its Palantir stake by 293.6% in the third quarter, bringing its holdings to 3,641 shares valued at approximately $681,000. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong operating momentum, with quarterly revenue up 92.8% year over year to $1.94 billion and earnings of $0.41 per share, exceeding estimates. Goldman Sachs upgraded the stock to “Buy,” contributing to a consensus “Moderate Buy” rating.
• Despite strong growth and AI demand, valuation remains a key risk: shares trade at a P/E ratio of about 171.8 after a recent rally, while elevated expectations ahead of the November earnings report could increase the potential for a sell-the-news reaction.

Fortitude Family Office LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 293.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,641 shares of the company's stock after buying an additional 2,716 shares during the quarter. Fortitude Family Office LLC's holdings in Palantir Technologies were worth $681,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jennison Associates LLC purchased a new stake in shares of Palantir Technologies during the first quarter worth approximately $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its stake in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Palantir Technologies by 1,449.7% in the fourth quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company's stock worth $937,205,000 after acquiring an additional 4,932,364 shares during the last quarter. Bank of America Corp DE grew its holdings in Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock worth $2,755,883,000 after acquiring an additional 4,201,852 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Palantir Technologies by 795.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company's stock worth $480,247,000 after acquiring an additional 2,952,079 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PLTR shares. William Blair reissued an "outperform" rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Roth Capital began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating for the company. Zacks Research downgraded shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. The Goldman Sachs Group upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 target price for the company in a research note on Thursday, October 8th. Finally, Weiss Ratings raised Palantir Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $200.54.

Palantir Technologies Stock Down 3.7%

Shares of Palantir Technologies stock opened at $200.97 on Thursday. The firm has a market capitalization of $482.94 billion, a P/E ratio of 171.77, a P/E/G ratio of 2.87 and a beta of 1.60. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The firm's 50 day moving average is $181.44 and its two-hundred day moving average is $151.35.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company's revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, research analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of the company's stock in a transaction 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 transaction, the insider owned 56,921 shares in the company, valued at $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 C. Karp sold 492,348 shares of the firm's stock in a transaction dated 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. The trade was a 7.11% decrease in their position. 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. Insiders sold 560,390 shares of company stock worth $97,909,177 over the last three months. Company insiders own 9.53% of the company's stock.

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.

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