Palantir Technologies (NASDAQ:PLTR) Insider Alexander Karp Sells 397,744 Shares

Key Points

• Palantir insider Alexander Karp sold 397,744 shares on May 20 at an average price of $136.04, totaling about $54.1 million. The filing said the sale was to cover tax withholding tied to vesting equity awards.
• Despite the insider sale, Palantir’s latest earnings were strong, with quarterly EPS of $0.33 beating estimates and revenue of $1.63 billion topping expectations. Revenue jumped 84.7% year over year, reinforcing the company’s rapid growth narrative.
• Wall Street remains mixed but generally constructive on the stock, with several firms raising price targets and the consensus rating sitting at “Moderate Buy” with a target of $192.76. At the same time, some analysts still argue Palantir’s valuation looks expensive even with its AI-driven growth prospects.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Alexander Karp sold 397,744 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Palantir Technologies Stock Down 0.4%

Palantir Technologies stock traded down $0.53 during mid-day trading on Friday, hitting $136.88. The company had a trading volume of 27,472,996 shares, compared to its average volume of 41,201,120. The stock has a market cap of $328.14 billion, a price-to-earnings ratio of 153.80, a PEG ratio of 2.18 and a beta of 1.52. Palantir Technologies Inc. has a 1 year low of $118.93 and a 1 year high of $207.52. The business has a fifty day moving average of $142.88 and a 200 day moving average of $157.76.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm's revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. Equities analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Palantir Technologies News Roundup

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Several recent pieces continue to highlight Palantir’s strong fundamentals, including rapid revenue growth, elevated margins, and a “Rule of 40” profile that bulls say supports further upside. Article Title
• Positive Sentiment: Rosenblatt reiterated a buy rating and a $225 price target, signaling Wall Street still sees meaningful upside from current levels. Article Title
• Positive Sentiment: Some commentary argues the recent pullback could be a buying opportunity, with analysts pointing to Palantir’s strong execution and long-term AI positioning. Article Title
• Neutral Sentiment: The stock is trending heavily in retail and media circles, which can keep attention high but does not by itself change the business outlook. Article Title
• Neutral Sentiment: Palantir continues to attract comparisons with other AI names like Nvidia and Innodata, underscoring its status as a high-profile AI stock rather than delivering a fresh company-specific catalyst. Article Title
• Negative Sentiment: Cantor Fitzgerald kept a neutral stance and said Palantir’s AI opportunity is real, but the valuation still looks too rich, reinforcing a key bear case. Article Title
• Negative Sentiment: News that Palantir is challenging the Defense Intelligence Agency over an analytics contract, along with a separate blocked U.K. police deal, adds uncertainty around government revenue opportunities. Article Title
• Negative Sentiment: Recent articles also note the stock remains well below its highs and that even bullish investors acknowledge it may need much more growth to justify today’s price. Article Title

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Milestone Asset Management LLC boosted its stake in Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock worth $10,763,000 after buying an additional 42,173 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Palantir Technologies by 26.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company's stock worth $10,680,000 after buying an additional 12,229 shares during the last quarter. VCI Wealth Management LLC boosted its stake in Palantir Technologies by 42.3% in the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company's stock worth $2,166,000 after buying an additional 3,621 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Palantir Technologies by 135.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company's stock worth $98,659,000 after buying an additional 310,942 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock worth $38,295,188,000 after buying an additional 1,557,828 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PLTR shares. Phillip Securities increased their price objective on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Oppenheimer started coverage on Palantir Technologies in a report on Thursday, April 30th. They issued an "outperform" rating and a $200.00 price objective for the company. Argus raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a report on Wednesday, May 6th. Piper Sandler reaffirmed an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, Daiwa Securities Group raised Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.76.

About Palantir Technologies

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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