QRG Capital Management Inc. Purchases 19,925 Shares of Palantir Technologies Inc. $PLTR

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $29,000. Ballast Advisors LLC purchased a new position in Palantir Technologies during the first quarter valued at approximately $29,000. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $31,000. Whipplewood Advisors LLC bought a new position in Palantir Technologies in the first quarter worth approximately $32,000. Finally, Prudent Man Investment Management Inc. bought a new position in Palantir Technologies in the fourth quarter worth approximately $35,000. 45.65% of the stock is currently owned by institutional investors.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BNP Paribas Exane initiated coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an “underperform” rating on the stock. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a report on Tuesday, August 11th. UBS Group boosted their price target on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.33.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $6.80 during midday trading on Wednesday, reaching $191.79. 35,019,728 shares of the stock traded hands, compared to its average volume of 44,215,051. The stock has a market capitalization of $460.88 billion, a PE ratio of 163.92, a price-to-earnings-growth ratio of 2.59 and a beta of 1.62. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The business has a 50-day moving average of $161.29 and a two-hundred day moving average of $146.72.

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

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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, Director Lauren Friedman Stat sold 1,342 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $182.50, for a total value of $244,915.00. Following the transaction, the director directly owned 52,765 shares in the company, valued at $9,629,612.50. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 720,027 shares of company stock worth $116,879,340 over the last quarter. Company insiders own 9.53% of the company’s stock.

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.