Government Contract Update: $6M payment to PALANTIR TECHNOLOGIES INC.

We just received data on a $6M payment to PALANTIR TECHNOLOGIES INC. from the Department of Defense. This payment was made on 2024-10-23 by the Department of the Army. We received this data from USASpending.gov.

Here is the award's description:

THE PURPOSE OF THIS DO IS TO PROVIDE FUNDS FOR (340) HARDWARE AND SOFTWARE SOLUTIONS.

Our code mapped this contract to $PLTR.

$PLTR Government Contracts

We have seen $501,784,567 of award payments to $PLTR over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

• TASK ORDER #1 FOR MAVEN SMART SYSTEM - USER INTERFACE/USER EXPERIENCE (UI/UX) PROTOTYPE: $95,251,924
• ESTABLISH BASIC LETTER CONTRACT FOR COMMERCIAL DATA AS A SERVE PLATFORM.: $47,172,832
• BLANKET PURCHASE AGREEMENT (BPA) CALL ORDER FOR PALANTIR LICENSES AND LICENSE SUPPORT SERVICES, ISSUED UNDE...: $29,353,955
• SAAS SOLUTION.: $24,806,768
• ESTABLISH BASIC LETTER CONTRACT FOR COMMERCIAL DATA AS A SERVE PLATFORM.: $24,211,035

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$PLTR Insider Trading Activity

$PLTR insiders have traded $PLTR stock on the open market 169 times in the past 6 months. Of those trades, 0 have been purchases and 169 have been sales.

Here’s a breakdown of recent trading of $PLTR stock by insiders over the last 6 months:

• ALEXANDER C. KARP (See Remarks) has made 0 purchases and 34 sales selling 37,950,000 shares for an estimated $1,892,231,033.
• PETER THIEL has made 0 purchases and 9 sales selling 28,590,737 shares for an estimated $1,054,355,035.
• SHYAM SANKAR (See Remarks) has made 0 purchases and 13 sales selling 5,666,329 shares for an estimated $387,367,046.
• STEPHEN ANDREW COHEN (See Remarks) has made 0 purchases and 22 sales selling 2,009,742 shares for an estimated $128,517,567.
• RYAN D. TAYLOR (See Remarks) has made 0 purchases and 20 sales selling 1,640,015 shares for an estimated $78,545,717.
• DAVID A. GLAZER (See Remarks) has made 0 purchases and 18 sales selling 745,205 shares for an estimated $42,670,116.
• HEATHER A. PLANISHEK (See Remarks) has made 0 purchases and 20 sales selling 166,109 shares for an estimated $7,091,711.
• ALEXANDER D. MOORE has made 0 purchases and 13 sales selling 120,000 shares for an estimated $5,553,262.
• LAUREN ELAINA FRIEDMAN STAT has made 0 purchases and 15 sales selling 71,307 shares for an estimated $3,719,018.
• ALEXANDRA W. SCHIFF has made 0 purchases and 5 sales selling 4,000 shares for an estimated $286,539.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$PLTR Hedge Fund Activity

We have seen 964 institutional investors add shares of $PLTR stock to their portfolio, and 500 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• VANGUARD GROUP INC added 42,466,968 shares (+21.1%) to their portfolio in Q3 2024, for an estimated $1,579,771,209
• STATE STREET CORP added 40,498,024 shares (+96.4%) to their portfolio in Q3 2024, for an estimated $1,506,526,492
• BLACKROCK, INC. added 38,162,820 shares (+31.9%) to their portfolio in Q3 2024, for an estimated $1,419,656,904
• GEODE CAPITAL MANAGEMENT, LLC added 16,598,253 shares (+52.9%) to their portfolio in Q3 2024, for an estimated $617,455,011
• D. E. SHAW & CO., INC. removed 8,738,374 shares (-44.6%) from their portfolio in Q3 2024, for an estimated $325,067,512
• INVESCO LTD. added 8,166,543 shares (+265.8%) to their portfolio in Q3 2024, for an estimated $303,795,399
• INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC removed 6,642,371 shares (-97.2%) from their portfolio in Q4 2024, for an estimated $502,362,518

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.