Jeffrey Buckley Sells 2,055 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Key Points

• Insider sale: Jeffrey Buckley sold 2,055 Palantir shares for approximately $359,276 under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards. He retained 58,171 shares after the transaction.
• Strong operating results: Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, while adjusted earnings of $0.41 per share exceeded analyst expectations of $0.34.
• High valuation and mixed analyst view: Shares traded near $175.89 with a price-to-earnings ratio above 150. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $192.19, although several firms have downgraded the stock to neutral or market perform.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Jeffrey Buckley sold 2,055 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares of the company's stock, valued at approximately $10,170,035.93. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Friday, August 21st, Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock. The stock was sold at an average price of $174.29, for a total value of $217,862.50.
• 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 Stock Performance

Palantir Technologies stock traded down $4.05 during mid-day trading on Monday, reaching $175.89. The stock had a trading volume of 35,028,807 shares, compared to its average volume of 47,641,380. The firm has a market capitalization of $422.67 billion, a PE ratio of 150.33, a price-to-earnings-growth ratio of 2.54 and a beta of 1.59. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The stock's 50-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 issued its earnings results 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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the business earned $0.16 EPS. Palantir Technologies's quarterly revenue was up 92.8% compared to the same quarter last year. On average, research analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

More Palantir Technologies News

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

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in Palantir Technologies by 11,040.0% in the 2nd quarter. California State Teachers Retirement System now owns 383,800,665 shares of the company's stock valued at $44,778,024,000 after buying an additional 380,355,408 shares in the last quarter. Norges Bank purchased a new stake in shares of Palantir Technologies during the fourth quarter worth $5,149,641,000. Jennison Associates LLC purchased a new stake in shares of Palantir Technologies during the first quarter worth $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares during the period. Finally, State Street Corp grew its position in shares of Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on PLTR. Oppenheimer lowered Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 target price on shares of Palantir Technologies in a research note on Thursday, July 30th. BTIG Research downgraded shares of Palantir Technologies to a "neutral" rating in a report on Tuesday, June 16th. The Goldman Sachs Group reissued a "neutral" rating and set a $204.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $192.19.

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.

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