Palantir Technologies Inc. $PLTR Shares Bought by Dale Q Rice Investment Management Ltd

Dale Q Rice Investment Management Ltd boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 63.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,543 shares of the company’s stock after buying an additional 1,767 shares during the quarter. Palantir Technologies accounts for 0.6% of Dale Q Rice Investment Management Ltd’s investment portfolio, making the stock its 26th largest position. Dale Q Rice Investment Management Ltd’s holdings in Palantir Technologies were worth $686,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $28,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. The trade was a 4.09% 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 worth $239,713,896 over the last three months. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $178.15 on Friday. The company’s fifty day moving average price is $171.52 and its 200 day moving average price is $142.87. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $190.00. The firm has a market capitalization of $422.63 billion, a P/E ratio of 593.85, a P/E/G ratio of 9.66 and a beta of 2.60.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research reports. Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. UBS Group restated a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $141.28.

Palantir Technologies 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.