Palantir Technologies (NASDAQ:PLTR) Insider Sells $167,587.00 in Stock

Key Points

• Palantir Technologies insider Jeffrey Buckley sold 1,076 shares of the company's stock for a total of $167,587.00, decreasing his ownership by 1.96% to 53,764 shares.
• The company's stock recently traded up 1.6%, reaching $158.74, and has a market capitalization of $376.59 billion.
• Palantir reported an earnings per share of $0.16 for the last quarter, exceeding analyst expectations, with a revenue of $1 billion—a 48% increase year-over-year.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Jeffrey Buckley sold 1,076 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $167,587.00. Following the sale, the insider directly owned 53,764 shares of the company's stock, valued at $8,373,743. The trade was a 1.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeffrey Buckley also recently made the following trade(s):

• On Wednesday, August 20th, Jeffrey Buckley sold 1,289 shares of Palantir Technologies stock. The stock was sold at an average price of $151.36, for a total value of $195,103.04.

Palantir Technologies Trading Up 1.6%

NASDAQ PLTR traded up $2.56 during trading hours 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 stock has a 50-day moving average of $153.18 and a 200 day moving average of $121.39. Palantir Technologies Inc. has a 1-year low of $29.31 and a 1-year high of $190.00. The stock has a market capitalization of $376.59 billion, a P/E ratio of 709.91, a price-to-earnings-growth ratio of 8.80 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results 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 company had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. Palantir Technologies's revenue for the quarter 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. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PLTR shares. Piper Sandler set a $182.00 target price 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 company a "neutral" rating in a research note on Tuesday, August 5th. Loop Capital increased their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. UBS Group reiterated 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. Finally, Citigroup restated a "neutral" rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $136.61.

Institutional Investors Weigh In On Palantir Technologies

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

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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