Palantir Technologies Inc. $PLTR Stake Raised by Fagan Associates Inc.

Key Points

• Fagan Associates increased its Palantir stake by 4.1% in the third quarter, bringing its holdings to 136,741 shares valued at approximately $25.6 million. Institutional investors collectively own 45.65% of PLTR.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, beating expectations. Shares traded near their 52-week high at $208.67, but the stock carried a notably elevated P/E ratio of 178.35.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $200.54 target price, although ratings range from Goldman Sachs’ $230 target to RBC’s $90 target. Insiders sold $93.1 million of shares over the past 90 days, while Phillip Securities downgraded the stock to “hold.”

Fagan Associates Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,741 shares of the company's stock after purchasing an additional 5,333 shares during the quarter. Palantir Technologies accounts for approximately 2.9% of Fagan Associates Inc.'s investment portfolio, making the stock its 8th biggest position. Fagan Associates Inc.'s holdings in Palantir Technologies were worth $25,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PLTR. Catalyst Private Wealth LLC increased its position in Palantir Technologies by 1.9% during the 3rd quarter. Catalyst Private Wealth LLC now owns 16,335 shares of the company's stock worth $3,055,000 after purchasing an additional 298 shares in the last quarter. Salvus Wealth Management LLC bought a new position in Palantir Technologies in the 3rd quarter valued at approximately $257,000. First County Bank CT lifted its stake in Palantir Technologies by 7.2% in the 3rd quarter. First County Bank CT now owns 2,316 shares of the company's stock valued at $433,000 after purchasing an additional 156 shares during the last quarter. Ring Mountain Capital LLC boosted its position in Palantir Technologies by 1.0% in the third quarter. Ring Mountain Capital LLC now owns 5,931 shares of the company's stock valued at $1,109,000 after buying an additional 60 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its position in Palantir Technologies by 4.4% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 5,310 shares of the company's stock valued at $993,000 after buying an additional 223 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 3,032 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director owned 54,107 shares of the company's stock, valued at approximately $8,927,655. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the transaction, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their position. 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 a total of 536,364 shares of company stock worth $93,083,303 over the last ninety days. Insiders own 9.53% of the company's stock.

Palantir Technologies Price Performance

NASDAQ PLTR traded down $0.33 during trading hours on Tuesday, reaching $208.67. The company's stock had a trading volume of 18,467,959 shares, compared to its average volume of 42,592,074. The firm has a fifty day simple moving average of $179.67 and a 200-day simple moving average of $150.60. The stock has a market cap of $501.45 billion, a P/E ratio of 178.35, 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.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $0.16 EPS. The firm's revenue was up 92.8% compared to the same quarter last year. On average, research analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $230.00 target price on the stock in a research note on Thursday, October 8th. Phillip Securities cut Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday. William Blair reiterated an "outperform" rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. Royal Bank Of Canada reissued an "underperform" rating and set a $90.00 price objective on shares of Palantir Technologies in a report on Friday, July 31st. Finally, Oppenheimer lowered Palantir Technologies from an "outperform" rating to a "market perform" rating in a research 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 assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.54.

Trending Headlines about Palantir Technologies

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.

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.

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