Insider Selling: Palantir Technologies (NASDAQ:PLTR) Insider Sells 2,803 Shares of Stock

Key Points

• Insider Sale: Palantir Technologies' insider Jeffrey Buckley sold 2,803 shares at an average price of $157.00, totaling $440,071, and decreasing their ownership stake by 5.21%.
• Stock Performance: Palantir's stock recently traded at $154.90 with a 52-week range between $29.31 and $190.00, indicating significant volatility in its market performance.
• Institutional Investments: Several large investors, including Bison Wealth and Ameriprise Financial, have increased their holdings in Palantir, reflecting growing institutional confidence in the stock.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares of the company's stock, valued at $8,000,877. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, August 21st, Jeffrey Buckley sold 1,076 shares of Palantir Technologies stock. The stock was sold at an average price of $155.75, for a total value of $167,587.00.
• On Wednesday, August 20th, Jeffrey Buckley sold 1,289 shares of Palantir Technologies stock. The shares were sold at an average price of $151.36, for a total value of $195,103.04.

Palantir Technologies Stock Performance

PLTR stock traded down $2.19 during midday trading on Wednesday, reaching $154.90. 65,915,110 shares of the company traded hands, compared to its average volume of 80,174,704. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The business has a 50 day moving average of $156.31 and a 200-day moving average of $124.19. The firm has a market capitalization of $367.48 billion, a price-to-earnings ratio of 516.35, a P/E/G ratio of 8.83 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company's revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Institutional Trading of Palantir Technologies

A number of large investors have recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $450,000. Bison Wealth LLC boosted its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Palantir Technologies by 4.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,481,386 shares of the company's stock worth $187,666,000 after acquiring an additional 107,159 shares during the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of Palantir Technologies by 30.0% in the 4th quarter. Baker Avenue Asset Management LP now owns 7,344 shares of the company's stock valued at $555,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Palantir Technologies by 4.2% in the 4th quarter. Baird Financial Group Inc. now owns 513,305 shares of the company's stock valued at $38,821,000 after acquiring an additional 20,600 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research note on Tuesday, August 5th. Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Finally, UBS Group reiterated a "neutral" rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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