Jeffrey Buckley Sells 1,289 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Key Points

• Jeffrey Buckley, an insider at Palantir Technologies, sold 1,289 shares of stock for a total of approximately $195,103, reducing his ownership by 2.3%.
• Palantir's stock has recently been trading around $158.74 with a market capitalization of approximately $376.59 billion and a P/E ratio of 709.91.
• Several analysts have adjusted their price targets for Palantir, with estimates ranging from $141 to $180 per share, indicating a generally "neutral" to "buy" sentiment in recent reports.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Jeffrey Buckley sold 1,289 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.36, for a total transaction of $195,103.04. Following the completion of the transaction, the insider directly owned 54,840 shares in the company, valued at approximately $8,300,582.40. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $2.56 during mid-day trading on Friday, hitting $158.74. The company had a trading volume of 101,782,072 shares, compared to its average volume of 77,128,816. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00. The firm has a market cap of $376.59 billion, a P/E ratio of 709.91, a P/E/G ratio of 8.80 and a beta of 2.60. The business's fifty day moving average is $153.18 and its two-hundred day moving average is $121.39.

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

Analysts Set New Price Targets

A number of analysts recently commented on PLTR shares. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. UBS Group reaffirmed a "neutral" rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital increased their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Bank of America increased their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $136.61.

Institutional Investors Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $27,000. Finally, Briaud Financial Planning Inc acquired a new position in Palantir Technologies in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 45.65% of the company's stock.

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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