Palantir Technologies (NASDAQ:PLTR) Insider David Glazer Sells 9,633 Shares

Key Points

• David Glazer, an insider at Palantir Technologies, sold 9,633 shares for approximately $1.46 million, reducing his position by 1.96% while retaining 482,446 shares valued at about $73 million.
• Palantir reported a 48% increase in revenue for the last quarter, totaling $1 billion, and exceeded EPS estimates with a reported $0.16, outperforming the consensus of $0.14.
• Analysts have a consensus rating of "Hold" for Palantir stock, with target prices ranging from $136.61 to $200.00, reflecting a cautious outlook amidst recent trading fluctuations.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider David Glazer sold 9,633 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $1,458,147.21. Following the transaction, the insider owned 482,446 shares of the company's stock, valued at approximately $73,027,851.02. The trade was a 1.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Palantir Technologies Trading Up 1.6%

Shares of Palantir Technologies stock traded up $2.56 on Friday, reaching $158.74. 101,782,072 shares of the stock were exchanged, compared to its average volume of 77,128,816. The firm has a market capitalization of $376.59 billion, a PE ratio of 709.91, a PEG ratio of 8.80 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $29.31 and a 1-year high of $190.00. The business has a fifty day moving average price of $153.18 and a two-hundred day moving average price of $121.39.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm's 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 expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Palantir Technologies

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PLTR shares. UBS Group restated a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" 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 assigned a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus 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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