Palantir Technologies (NASDAQ:PLTR) Insider Sells 84,680 Shares of Stock

Key Points

• Palantir insider Shyam Sankar sold 84,680 shares for about $14.8 million under a pre-arranged Rule 10b5-1 plan, reducing his stake by 8.99%; he retained 857,616 shares. He had also sold 300,000 shares the previous day.
• Palantir reported quarterly earnings of $0.44 per share and revenue of $2.31 billion, topping analyst estimates; revenue grew 95.9% year over year.
• Shares fell 2.1% to $167.99 in Friday trading. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $216.20.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Shyam Sankar sold 84,680 shares of the firm's stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $175.07, for a total value of $14,824,927.60. Following the sale, the insider directly owned 857,616 shares in the company, valued at $150,142,833.12. The trade was a 8.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Tuesday, November 10th, Shyam Sankar sold 300,000 shares of Palantir Technologies stock. The shares were sold at an average price of $167.03, for a total value of $50,109,000.00.

Palantir Technologies Trading Down 2.1%

Shares of NASDAQ PLTR traded down $3.59 during mid-day trading on Friday, reaching $167.99. 15,160,139 shares of the company's stock were exchanged, compared to its average volume of 25,516,524. The firm has a market capitalization of $403.69 billion, a price-to-earnings ratio of 153.20, a PEG ratio of 3.47 and a beta of 1.65. The business has a fifty day simple moving average of $185.08 and a 200 day simple moving average of $153.81. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. Palantir Technologies's revenue for the quarter was up 95.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. Equities research analysts predict that Palantir Technologies Inc. will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group reissued a "buy" rating on shares of Palantir Technologies in a research note on Tuesday, November 3rd. Robert W. Baird set a $250.00 price objective on Palantir Technologies in a research report on Monday, October 12th. Zacks Research downgraded Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Truist Financial reissued a "buy" rating and issued a $250.00 target price (up from $223.00) on shares of Palantir Technologies in a research report on Tuesday, November 3rd. Finally, KeyCorp restated a "sector weight" rating on shares of Palantir Technologies in a research note on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $216.20.

Trending Headlines about Palantir Technologies

These are some of the PLTR headlines that stood out recently:

• Positive Sentiment: Palantir’s Rule of 40 score reached 158% in Q3 2026, reflecting a combination of rapid revenue growth and stronger profitability. The company also reported 165% net dollar retention, supporting the case for continued customer expansion. Article: PLTR's Rule of 40 Hits 158%
• Positive Sentiment: Recent commentary argues Palantir’s growth story remains strong, with its AI software helping drive substantial business momentum. This provides a fundamental counterpoint to the stock’s recent weakness. Article: Palantir: High-Quality Growth Should Never Be Cheap
• Negative Sentiment: Investors are also focused on deceleration in contract-related growth indicators versus the previous quarter, which may raise questions about future demand. A planned sale of 84,680 shares by CTO Shyam Sankar—and another recent planned sale filing—could add to negative sentiment, though insider sales do not necessarily signal a lack of confidence. Article: Why Palantir Technologies Stock Is Down

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock worth $22,146,030,000 after purchasing an additional 757,322 shares in the last quarter. State Street Corp grew its holdings in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock valued at $12,190,903,000 after purchasing an additional 2,863,874 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Palantir Technologies by 1.0% during the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company's stock worth $2,219,094,000 after buying an additional 180,486 shares in the last quarter. Amundi raised its position in Palantir Technologies by 7.4% in the second quarter. Amundi now owns 17,623,053 shares of the company's stock valued at $2,056,082,000 after purchasing an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in Palantir Technologies in the 1st quarter valued at approximately $1,574,111,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company's platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

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