Jeffrey Buckley Sells 1,250 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Key Points

• Palantir insider Jeffrey Buckley sold 1,250 shares at an average price of $174.29, generating $217,862.50. The sale was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, leaving him with 56,921 shares.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, and earnings of $0.41 per share, exceeding analysts’ $0.34 estimate. The stock recently traded near $175.89, but its valuation remains elevated at roughly 150 times earnings.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $192.19, though some analysts have issued neutral or market-perform ratings. Rising Treasury yields and recent profit-taking by large investors pose potential risks to the high-multiple stock.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Jeffrey Buckley sold 1,250 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider owned 56,921 shares of the company's stock, valued at $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction 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 Price Performance

Palantir Technologies stock traded down $4.05 during midday trading on Monday, reaching $175.89. The company had a trading volume of 35,028,807 shares, compared to its average volume of 47,641,380. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The company has a market capitalization of $422.67 billion, a P/E ratio of 150.33, a P/E/G ratio of 2.54 and a beta of 1.59. The firm's fifty day simple moving average is $138.90 and its 200-day simple moving average is $140.69.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results 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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $0.16 earnings per share. The business's revenue was up 92.8% compared to the same quarter last year. On average, analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Institutional Trading of Palantir Technologies

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

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s artificial-intelligence platform continues to attract strong demand from U.S. commercial and government customers. Recent coverage highlights its modular sales model, expanding commercial business and strong government relationships as competitive advantages. PLTR vs. PATH: Which AI-Driven Software Stock is the Better Buy?
• Positive Sentiment: Optimistic analysts and commentators point to Palantir’s accelerating revenue, a reported Rule of 40 score of 155 and the possibility of further gains toward $250. The company’s latest quarter also featured revenue growth of nearly 93% year over year and earnings above consensus estimates. Prediction: Palantir Stock Will Hit $250 on This Date
• Positive Sentiment: Palantir’s reported profitability remains a major attraction: second-quarter net income was approximately $1.06 billion on $1.94 billion of revenue, implying a roughly 55% net margin. However, coverage notes that interest income and other non-operating factors contributed materially to that figure. Palantir Keeps 55 Cents of Every Revenue Dollar as Profit
• Neutral Sentiment: Palantir’s stock has risen about 46% in August following its earnings report, leading investors and analysts to debate whether its strong fundamentals justify buying after the rally. Technical coverage says the shares remain in or near a buy zone but suggests waiting for a better entry point. Palantir has been on a tear this year. Two numbers signal investors should protect their gains
• Negative Sentiment: Rising long-term Treasury yields are pressuring high-multiple growth stocks. With Palantir trading at a very rich earnings multiple, investors may be reassessing the valuation and the present value of its future profits. Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
• Negative Sentiment: Cathie Wood’s investment firm reportedly sold about $27.2 million of Palantir shares after the rally. The sale adds near-term supply and reinforces concerns that some investors are locking in gains at stretched valuations. Cathie Wood Dumps $27.2 Million of Palantir Stock After 43% Rally

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wedbush began coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "outperform" rating on the stock. Northland Securities set a $200.00 price objective on Palantir Technologies in a report on Tuesday, August 4th. William Blair began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "neutral" rating for the company. Piper Sandler reissued an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Oppenheimer downgraded Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $192.19.

About Palantir Technologies

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.

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