Palantir Technologies Inc. $PLTR Position Lifted by Formidable Asset Management LLC

Formidable Asset Management LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 66.9% in the third quarter, HoldingsChannel reports. The fund owned 22,306 shares of the company’s stock after purchasing an additional 8,938 shares during the quarter. Formidable Asset Management LLC’s holdings in Palantir Technologies were worth $4,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verus Capital Partners LLC lifted its holdings in Palantir Technologies by 20.8% during the third quarter. Verus Capital Partners LLC now owns 64,568 shares of the company’s stock valued at $12,077,000 after purchasing an additional 11,126 shares in the last quarter. United Advisor Group LLC raised its position in shares of Palantir Technologies by 1.2% during the 3rd quarter. United Advisor Group LLC now owns 100,857 shares of the company’s stock valued at $18,865,000 after purchasing an additional 1,186 shares during the period. Plancorp LLC lifted its stake in shares of Palantir Technologies by 40.6% during the 3rd quarter. Plancorp LLC now owns 5,157 shares of the company’s stock valued at $949,000 after buying an additional 1,488 shares in the last quarter. May Hill Capital LLC boosted its holdings in Palantir Technologies by 13.5% in the 3rd quarter. May Hill Capital LLC now owns 4,344 shares of the company’s stock worth $813,000 after buying an additional 516 shares during the period. Finally, LightSquare Wealth Management LLC bought a new position in Palantir Technologies in the 3rd quarter worth $287,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of analyst reports. Roth Capital assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $90.00 to $130.00 and gave the company an “underperform” rating in a research report on Tuesday. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. KeyCorp reissued a “sector weight” rating on shares of Palantir Technologies in a research note on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.53.

Insider Activity

In other news, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction dated 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 sale, the director directly owned 46,402 shares of the company’s stock, valued at approximately $9,233,998. The trade was a 9.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares in the company, valued at $10,170,035.93. This represents a 3.41% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 523,716 shares of company stock valued at $92,212,379. 9.53% of the stock is owned by corporate insiders.

Trending Headlines about Palantir Technologies

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

Palantir Technologies Stock Performance

PLTR opened at $160.38 on Friday. The stock has a market capitalization of $385.40 billion, a price-to-earnings ratio of 112.15, a PEG ratio of 3.36 and a beta of 1.65. The company has a fifty day moving average of $185.88 and a 200 day moving average of $153.74. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 95.9% compared to the same quarter last year. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

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.