Shyam Sankar Sells 35,000 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This trade represents a 5.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shyam Sankar also recently made the following trade(s):

• On Thursday, July 2nd, Shyam Sankar sold 150,000 shares of Palantir Technologies stock. The shares were sold at an average price of $130.00, for a total value of $19,500,000.00.
• On Thursday, July 2nd, Shyam Sankar sold 35,000 shares of Palantir Technologies stock. The stock was sold at an average price of $130.00, for a total transaction of $4,550,000.00.
• On Wednesday, May 20th, Shyam Sankar sold 165,514 shares of Palantir Technologies stock. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56.

Palantir Technologies Trading Up 1.9%

Shares of PLTR traded up $3.22 during trading hours on Monday, reaching $175.23. 57,148,590 shares of the stock traded hands, compared to its average volume of 45,973,112. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The company has a market cap of $420.08 billion, a price-to-earnings ratio of 149.77, a PEG ratio of 2.45 and a beta of 1.59. The stock has a fifty day simple moving average of $131.76 and a 200 day simple moving average of $139.70.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. Analysts predict that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Raised guidance reinforces the growth story. Palantir was identified as a Q2 earnings-season standout after raising its outlook. Articles indicate the guidance upgrade implies approximately $362 million of additional second-half revenue, helping investors reassess the company’s near-term earnings power. Q2 Earnings Season Standouts: 3 Companies Raising Guidance
• Positive Sentiment: AI-driven commercial momentum remains the main catalyst. Recent coverage highlights 93% year-over-year revenue growth, commercial revenue growth of 110%, government revenue growth of 79%, a 62% adjusted EBITDA margin, and $1.22 billion of free cash flow. Palantir’s open-weight model approach may also differentiate it from OpenAI and Anthropic by allowing customers to customize models on their own infrastructure and retain the resulting model weights. Palantir Q2: Karp Takes On The Two AI Labs
• Positive Sentiment: Analysts and investors remain bullish. Bank of America reportedly set a $255 price target, while other bullish research cited targets of $218 and $255. Coverage also points to a $13.1 billion backlog and substantial room to expand Palantir’s U.S. commercial business. BofA, JPMorgan, Oppenheimer Name Their Favorite AI Stocks
• Neutral Sentiment: Defense exposure is attracting attention. Palantir’s battlefield AI is reportedly helping the Pentagon accelerate target identification. However, the related missile shortage could benefit defense contractors such as Lockheed Martin and RTX more directly than Palantir. Palantir AI Boosts Pentagon Capabilities but Missile Shortage Benefits Contractors
• Negative Sentiment: Valuation and profit-taking are key risks. After a sharp rally, some investors have taken profits. Palantir trades at an elevated earnings multiple, so any slowdown in growth, weaker guidance, or margin pressure could trigger significant volatility. Michael Burry’s bearish AI positioning has also kept valuation concerns in focus. Palantir Stock Valuation Risk

Institutional Trading of Palantir Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Monetta Financial Services Inc. bought a new position in Palantir Technologies in the 2nd quarter valued at $1,400,000. Great Lakes Advisors LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at $7,133,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Palantir Technologies in the second quarter worth $1,770,000. Investmark Advisory Group LLC increased its holdings in shares of Palantir Technologies by 10.0% in the second quarter. Investmark Advisory Group LLC now owns 1,855 shares of the company’s stock worth $216,000 after purchasing an additional 168 shares during the period. Finally, OFC Financial Planning LLC raised its position in shares of Palantir Technologies by 20.4% in the second quarter. OFC Financial Planning LLC now owns 2,535 shares of the company’s stock worth $296,000 after buying an additional 430 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PLTR shares. DA Davidson lifted their price target on shares of Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. DZ Bank initiated coverage on Palantir Technologies in a report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price objective for the company. Oppenheimer downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Finally, Citigroup downgraded shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. Two equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.73.

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.