Palantir Technologies (NASDAQ:PLTR) Insider Alexander Karp Sells 186,194 Shares

Key Points

• Palantir Technologies CEO Alexander Karp sold 186,194 shares at an average price of $155.75, totaling approximately $29 million, resulting in a 2.81% decrease in his ownership stake.
• The company's quarterly earnings report showed an EPS of $0.16, surpassing analysts' expectations of $0.14, with a significant revenue increase of 48% year-over-year.
• Palantir's stock currently has a consensus rating of "Hold" among analysts, with an average target price of $136.61 after recent upgrades from various firms.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Alexander Karp sold 186,194 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $28,999,715.50. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,001,824,183.50. This represents a 2.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Palantir Technologies Price Performance

Shares of PLTR traded up $2.56 during midday trading on Friday, reaching $158.74. The stock had a trading volume of 101,782,072 shares, compared to its average volume of 77,128,816. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00. The firm's 50 day moving average price is $153.18 and its 200-day moving average price is $121.39. The company has a market capitalization 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.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup reissued a "neutral" rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $116.00 to $135.00 in a report on Wednesday, July 16th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $136.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the second quarter valued at $25,000. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies during the second quarter valued at $27,000. LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies during the second quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new stake in Palantir Technologies during the second quarter valued at $28,000. Finally, Delos Wealth Advisors LLC acquired a new stake in Palantir Technologies during the second quarter valued at $29,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.