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

Key Points

• QRG Capital Management increased its Palantir stake by 5.4% in the second quarter, purchasing 19,925 additional shares and bringing its total holdings to 386,796 shares valued at approximately $45.1 million.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, beating consensus estimates. Growth in its Artificial Intelligence Platform and commercial AI demand remains a key driver of investor optimism.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $192.19, although ratings range from “Strong Buy” to “Sell.” Shares opened at $179.01, while insiders have sold approximately $156.2 million of stock over the past three months.

QRG Capital Management Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 386,796 shares of the company's stock after purchasing 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 filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of PLTR. Milestone Asset Management LLC grew its position in Palantir Technologies by 229.5% in the 4th 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 in the last quarter. VCI Wealth Management LLC boosted its stake in shares of Palantir Technologies by 42.3% in the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company's stock worth $2,166,000 after buying an additional 3,621 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Palantir Technologies in the 4th quarter worth approximately $222,143,000. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock valued at $38,295,188,000 after acquiring an additional 1,557,828 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Palantir Technologies by 11.1% in 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 in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies News Summary

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?

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank Of Canada reiterated an "underperform" rating and set a $90.00 price target on shares of Palantir Technologies in a report on Friday, July 31st. Piper Sandler reaffirmed an "overweight" rating and set a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Citigroup cut Palantir Technologies from a "buy" rating to a "market perform" rating in a research note on Tuesday, August 4th. Phillip Securities boosted their price target on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Finally, DZ Bank initiated coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They set a "buy" rating and a $175.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $192.19.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $179.01 on Friday. The stock has a market capitalization of $429.14 billion, a PE ratio of 153.00, a P/E/G ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The business's fifty day moving average price is $133.83 and its 200-day moving average price is $139.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm's quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider David A. Glazer sold 17,128 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the sale, the insider owned 375,242 shares of the company's stock, valued at approximately $51,047,921.68. This represents a 4.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $875,044,378.32. The trade was a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,150,302 shares of company stock worth $156,197,565 in the last three months. Insiders own 9.53% of the company's stock.

Palantir Technologies Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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