Palantir Technologies Inc. $PLTR Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,796 shares of the company’s stock after acquiring an additional 19,925 shares during the period. QRG Capital Management Inc.’s holdings in Palantir Technologies were worth $45,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. BlackRock Inc. increased its holdings in shares of Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares during the period. State Street Corp lifted its holdings in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after purchasing an additional 805,047 shares during the period. Norges Bank purchased a new stake in Palantir Technologies in the fourth quarter valued at approximately $5,149,641,000. Finally, Invesco Ltd. boosted its position in Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after buying an additional 616,297 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock traded up $6.80 during trading on Wednesday, hitting $191.79. 35,019,728 shares of the company traded hands, compared to its average volume of 44,215,051. The stock’s 50-day simple moving average is $161.29 and its 200 day simple moving average is $146.72. The company has a market cap of $460.88 billion, a PE ratio of 163.92, a P/E/G ratio of 2.59 and a beta of 1.62. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $0.16 earnings per share. Palantir Technologies’s revenue for the quarter was up 92.8% on a year-over-year basis. Research analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Insider Activity

In related news, insider Jeffrey Buckley sold 2,055 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 Shyam Sankar sold 150,000 shares of Palantir Technologies stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the completion of the transaction, the insider directly owned 599,899 shares of the company’s stock, valued at $77,986,870. The trade was a 20.00% decrease in their position. 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. Insiders sold 720,027 shares of company stock valued at $116,879,340 in the last quarter. Company insiders own 9.53% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: FAA opportunity remains a major catalyst: Although Palantir reportedly lost an $875 million FAA contract, analysts at Rosenblatt Securities said the agency’s rollout of its SMART AI flight-management system could lead to broader adoption of Palantir’s technology. Rosenblatt reaffirmed its Buy rating and $225 price target, citing potential long-term government revenue growth. Palantir Stock Rises Despite Losing FAA AI Deal
• Positive Sentiment: Strong AI momentum continues to support sentiment: Recent earnings showed sharply accelerating revenue and stronger-than-expected profitability, while investors continue to view Palantir as a company already monetizing AI across government and commercial markets. The stock’s rebound and technical buy signals have added momentum. Palantir IBD Stock of the Day
• Positive Sentiment: Commercial expansion provides additional support: Palantir-powered software is being piloted by Chipotle for food-safety operations, while Surf Air Mobility signed another OperatorOS contract and appointed a president to expand its Palantir-powered SurfOS platform. These developments reinforce the company’s ability to broaden its customer base beyond government. Chipotle Uses Palantir for Food Safety
• Neutral Sentiment: Broader market positioning helped: Palantir participated in a rally among cybersecurity and security-focused technology stocks as investors rotated away from some large-cap technology names. This appears more sentiment- and positioning-driven than tied to a new earnings announcement.
• Negative Sentiment: Valuation and short-selling remain risks: Michael Burry disclosed expanded short positions in Palantir, arguing that enthusiasm surrounding AI and semiconductors may prove unsustainable. With the stock trading at a very high earnings multiple, disagreement over whether growth can justify the valuation could increase volatility. Michael Burry Expands Short Bets

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a research report on Wednesday. BNP Paribas Exane began coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an “underperform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. Wolfe Research initiated coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating for the company. Finally, BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $195.33.

Palantir Technologies Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.