Palantir Technologies (NASDAQ:PLTR) Insider Sells $217,862.50 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Jeffrey Buckley sold 1,250 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.

Jeffrey Buckley also recently made the following trade(s):

• On Thursday, August 20th, Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock. The shares were sold at an average price of $174.83, for a total value of $359,275.65.
• On Thursday, June 11th, Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock. The stock was sold at an average price of $128.80, for a total value of $190,752.80.

Palantir Technologies Trading Up 2.8%

PLTR stock opened at $177.50 on Thursday. The stock has a market capitalization of $426.54 billion, a P/E ratio of 151.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm has a 50-day moving average price of $141.46 and a 200-day moving average price of $141.39.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for 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 last year, the company posted $0.16 EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds have recently modified their holdings of the business. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $29,000. Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies during the fourth quarter worth about $31,000. Wexford Capital LP bought a new position in shares of Palantir Technologies during the third quarter worth about $36,000. Prudent Man Investment Management Inc. acquired a new position in shares of Palantir Technologies in the fourth quarter worth approximately $35,000. Finally, Monetary Solutions Ltd bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PLTR shares. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Wedbush assumed coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $80.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Wednesday, May 6th. Finally, Roth Capital started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $192.19.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: William Blair reiterated a Buy rating, citing Palantir’s Maven smart-system program, which the firm believes is on track to reach $1 billion in annual recurring revenue. The analyst also sees potential support from renewed defense spending and a possible return toward the low-$200s. William Blair Maven analysis
• Positive Sentiment: Maven’s designation as an official Pentagon program of record could provide more durable, multi-year budget support as the platform expands across the military. That status strengthens the long-term government revenue outlook. Palantir Maven Pentagon program
• Positive Sentiment: The stock’s recent advance is being supported by its latest “blowout” quarter: revenue rose 92.8% year over year to $1.94 billion, while adjusted earnings of $0.41 per share exceeded the $0.34 consensus estimate. Strong commercial demand, government relationships and Palantir’s AI platform remain central to the bullish thesis. Palantir rally analysis
• Neutral Sentiment: Options activity around the September 18 expiration is unusually heavy, suggesting traders expect another significant move. This may increase volatility without establishing a clear fundamental direction. Palantir September options analysis
• Negative Sentiment: CEO Alexander Karp sold approximately $86.1 million of shares, while other insiders also reported sales. The transactions were made under pre-arranged Rule 10b5-1 plans and partly covered tax obligations, but the timing may reinforce concerns that executives are monetizing the sharp rally. Alexander Karp stock sale
• Negative Sentiment: Michael Burry has added to his Palantir short position, arguing that the company’s valuation is difficult to justify. With PLTR trading at roughly 150 times earnings after a gain of more than 40% in a month, analysts and investors remain divided over whether future growth can support the price. Michael Burry Palantir short position

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.