Palantir Technologies Inc. $PLTR Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 51.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,429 shares of the company’s stock after acquiring an additional 35,518 shares during the quarter. Palantir Technologies makes up approximately 1.3% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s portfolio, making the stock its 10th biggest position. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Palantir Technologies were worth $14,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. Ignite Planners LLC boosted its stake in shares of Palantir Technologies by 0.4% during the second quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock valued at $2,094,000 after purchasing an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. raised its position in shares of Palantir Technologies by 1.3% during the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock worth $747,000 after acquiring an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of Palantir Technologies by 1.0% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock worth $1,007,000 after purchasing an additional 73 shares during the period. Boomfish Wealth Group LLC lifted its holdings in Palantir Technologies by 2.7% in the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after buying an additional 73 shares during the period. Finally, Farmers & Merchants Investments Inc. lifted its stake in shares of Palantir Technologies by 3.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock valued at $329,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PLTR shares. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th. Piper Sandler boosted their price target on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $141.28.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock valued at $239,713,896 in the last quarter. Insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $189.18 on Tuesday. The firm has a 50-day moving average of $171.65 and a 200-day moving average of $147.88. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $192.83. The company has a market cap of $448.80 billion, a P/E ratio of 630.62, a P/E/G ratio of 10.01 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.