Palantir Technologies (NASDAQ:PLTR) Insider Sells $1,669,005.62 in Stock

Key Points

• Insider Ryan Taylor sold 11,026 shares of Palantir Technologies for a total of $1,669,005.62, reducing his holdings by 3.03% to 352,729 shares.
• Palantir reported $1 billion in revenue for the last quarter, exceeding estimates, and achieved a 48% increase compared to the previous year.
• Analysts have mixed ratings on Palantir, with updates suggesting price targets ranging from $155.00 to $177.00 across different firms.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Ryan Taylor sold 11,026 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $1,669,005.62. Following the completion of the transaction, the insider owned 352,729 shares of the company's stock, valued at $53,392,588.73. This trade represents a 3.03% decrease in their position. The transaction 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 during midday trading on Friday, reaching $158.74. The company had a trading volume of 101,782,072 shares, compared to its average volume of 77,128,816. The company has a market capitalization of $376.59 billion, a price-to-earnings ratio of 709.91, a price-to-earnings-growth ratio of 8.80 and a beta of 2.60. The stock has a fifty day simple moving average of $153.18 and a 200 day simple moving average of $121.39. Palantir Technologies Inc. has a 1-year low of $29.31 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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. The business had revenue of $1 billion during 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%. Palantir Technologies's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report 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, Wall Street Zen raised shares of Palantir Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to 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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Accuvest Global Advisors lifted its position in Palantir Technologies by 0.7% in the 2nd quarter. Accuvest Global Advisors now owns 9,035 shares of the company's stock valued at $1,232,000 after acquiring an additional 63 shares in the last quarter. Ignite Planners LLC lifted its position in Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock valued at $2,094,000 after acquiring an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. lifted its position in Palantir Technologies by 1.3% in the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock valued at $747,000 after acquiring an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in Palantir Technologies by 1.0% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock valued at $1,007,000 after acquiring an additional 73 shares in the last quarter. Finally, Boomfish Wealth Group LLC lifted its position in Palantir Technologies by 2.7% in the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company's stock valued at $379,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

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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