QRG Capital Management Inc. Grows Position in Palantir Technologies Inc. $PLTR

QRG Capital Management Inc. lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.4% in the 2nd quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PLTR. Milestone Asset Management LLC lifted its stake in Palantir Technologies by 229.5% during the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after purchasing an additional 42,173 shares during the last quarter. VCI Wealth Management LLC raised its holdings in shares of Palantir Technologies by 42.3% during the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after buying an additional 3,621 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in Palantir Technologies in the fourth quarter worth approximately $222,143,000. Vanguard Group Inc. boosted its stake in Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares in the last quarter. Finally, KBC Group NV grew its position in Palantir Technologies by 11.1% during the fourth quarter. KBC Group NV now owns 712,493 shares of the company’s stock valued at $126,646,000 after acquiring an additional 71,312 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 4.7%

PLTR stock opened at $179.01 on Friday. The business has a 50 day moving average of $133.83 and a 200 day moving average of $139.92. The firm has a market cap of $429.14 billion, a PE ratio of 153.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released 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 return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion for 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. The company’s revenue for the quarter was up 92.8% compared to the same quarter last year. On average, research analysts expect that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed 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. Also, insider Jeffrey Buckley sold 1,481 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the transaction, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. This represents a 2.40% 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. Over the last 90 days, insiders sold 1,150,302 shares of company stock valued at $156,197,565. Company insiders own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PLTR shares. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Oppenheimer lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Palantir Technologies News Roundup

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

• Positive Sentiment: Blowout quarterly performance remains the primary catalyst. Palantir reported revenue of $1.94 billion, up 92.8% year over year and above the $1.81 billion consensus estimate. Adjusted earnings also exceeded expectations, while management raised its full-year outlook. The results reinforced confidence that growth in government and commercial AI applications is accelerating. Palantir Stock Forecast – How Much Upside Do Analysts Expect?
• Positive Sentiment: Artificial Intelligence Platform adoption is supporting the long-term growth narrative. Articles highlight Palantir’s AIP as a key driver of its shift from a primarily government contractor to a broader enterprise AI partner. Strong U.S. demand, sovereign AI spending and a growing commercial pipeline are fueling bullish forecasts, including expectations for continued earnings momentum. Palantir AIP Could Deliver a Powerful Shift in the Company’s Growth Trajectory
• Positive Sentiment: Market momentum and broader risk appetite are helping AI software names. Palantir was identified as breaking through a new buy point as investors favored AI-linked companies and remained optimistic about U.S. technology and defense demand. Palantir Shares Edge Higher Thursday: What’s Driving the Action?

Palantir Technologies Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.