Palantir Technologies (NASDAQ:PLTR) Insider David Glazer Sells 81,000 Shares

Key Points

• Insider Sale: David Glazer, an insider at Palantir Technologies, sold 81,000 shares at an average price of $154.47, totaling over $12.5 million, reducing his holdings by 15.82%.
• Quarterly Earnings: Palantir reported a quarterly revenue of $1 billion, up 48% year-over-year, with an earnings per share of $0.16, surpassing analysts' expectations.
• Market Insights: The company has a market cap of $370.42 billion, with a price-to-earnings ratio of 520.48, and is currently experiencing fluctuations in stock performance, reaching a midday trading price of $156.14.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider David Glazer sold 81,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded up $1.24 during midday trading on Thursday, reaching $156.14. 53,197,741 shares of the company's stock traded hands, compared to its average volume of 76,056,952. The company has a market cap of $370.42 billion, a price-to-earnings ratio of 520.48, a price-to-earnings-growth ratio of 8.73 and a beta of 2.59. The company's 50 day simple moving average is $156.55 and its 200 day simple moving average is $124.44. Palantir Technologies Inc. has a 52 week low of $29.50 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter last year, the firm earned $0.09 EPS. Palantir Technologies'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. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Institutional Trading of Palantir Technologies

Several institutional investors have recently made changes to their positions in the business. Revolve Wealth Partners LLC bought a new position in Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC lifted its holdings in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Palantir Technologies by 4.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,481,386 shares of the company's stock valued at $187,666,000 after purchasing an additional 107,159 shares during the last quarter. Caxton Associates LP bought a new position in Palantir Technologies during the 4th quarter valued at about $295,000. Finally, Cary Street Partners Financial LLC bought a new position in Palantir Technologies during the 4th quarter valued at about $809,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PLTR shares. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $116.00 to $135.00 in a research report on Wednesday, July 16th. Finally, Bank of America raised their price target on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research 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, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $136.61.

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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