Palantir Technologies (NASDAQ:PLTR) Insider David Glazer Sells 8,047 Shares

Key Points

• Insider David Glazer sold 8,047 shares of Palantir Technologies at an average price of $155.75, resulting in a total transaction value of $1.25 million, and a decrease in his holdings by 1.67%.
• Palantir reported a 48% increase in quarterly revenue year-over-year, reaching $1 billion, and earnings per share of $0.16, surpassing analyst estimates.
• Research analysts have set price targets for Palantir shares ranging from $155.00 to $182.00, with an overall average rating of "Hold" for the stock.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider David Glazer sold 8,047 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $1,253,320.25. Following the transaction, the insider owned 474,399 shares of the company's stock, valued at $73,887,644.25. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Palantir Technologies Stock Performance

PLTR stock traded up $2.56 during trading on Friday, hitting $158.74. 101,782,072 shares of the company's stock traded hands, 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 business has a fifty day simple moving average of $153.18 and a 200 day simple moving average of $121.39. The stock has a market capitalization of $376.59 billion, a price-to-earnings 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 released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the business earned $0.09 earnings per share. Palantir Technologies'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. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Citigroup restated a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $116.00 to $135.00 in a report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $136.61.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Carter Financial Group INC. purchased a new position in Palantir Technologies during the 2nd quarter valued at about $1,972,000. Stance Capital LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $1,895,000. Clarion Wealth Managment Partners LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $286,000. Slocum Gordon & Co LLP purchased a new position in Palantir Technologies during the 2nd quarter valued at about $41,000. Finally, Newbridge Financial Services Group Inc. increased its position in Palantir Technologies by 36.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 113,208 shares of the company's stock valued at $15,433,000 after purchasing an additional 30,533 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

About Palantir Technologies

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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