Palantir Technologies (NASDAQ:PLTR) Insider Ryan Taylor Sells 9,211 Shares

Key Points

• Insider Transaction: Ryan Taylor, an insider at Palantir Technologies, sold 9,211 shares at an average price of $155.75, totaling approximately $1.43 million, reducing his stake by 2.61%.
• Stock Performance: Palantir's stock increased by 1.6% to reach $158.74, with a recent trading volume significantly higher than its average.
• Analyst Ratings: A variety of brokerages have upgraded their price targets for Palantir, with Bank of America setting a new target of $180 and others rating the stock as "buy" or "outperform."

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Ryan Taylor sold 9,211 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $1,434,613.25. Following the completion of the sale, the insider owned 343,518 shares in the company, valued at $53,502,928.50. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Palantir Technologies Stock Up 1.6%

Shares of NASDAQ:PLTR traded up $2.56 during midday trading on Friday, reaching $158.74. The company's stock had a trading volume of 101,782,072 shares, 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 P/E/G ratio of 8.80 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $29.31 and a twelve month high of $190.00. The stock has a fifty day moving average of $153.18 and a 200 day moving average of $121.39.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PLTR. Bank of America increased their price target on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report 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 report on Tuesday, August 5th. Finally, Wall Street Zen raised shares of Palantir Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average target price of $136.61.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $450,000. XTX Topco Ltd acquired a new position in Palantir Technologies during the fourth quarter worth about $328,000. Coppell Advisory Solutions LLC boosted its position in Palantir Technologies by 36.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,303 shares of the company's stock worth $101,000 after acquiring an additional 346 shares during the last quarter. Syon Capital LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $407,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Palantir Technologies by 233.9% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 400,262 shares of the company's stock worth $30,372,000 after acquiring an additional 280,371 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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.

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