Palantir Technologies (NASDAQ:PLTR) Insider Shyam Sankar Sells 30,000 Shares

Key Points

• Shyam Sankar, an insider at Palantir Technologies, sold 30,000 shares for a total of $4.79 million, decreasing his ownership by 4.09% and retaining ownership of 702,786 shares valued at over $112 million.
• Despite the recent insider trading, Palantir's stock rose 1.6% to $158.74, with a significant trading volume of over 101 million shares.
• In its latest earnings report, Palantir surpassed expectations with $1 billion in revenue and an EPS of $0.16, reflecting a 48% year-over-year growth.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shyam Sankar also recently made the following trade(s):

• On Wednesday, August 20th, Shyam Sankar sold 375,000 shares of Palantir Technologies stock. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00.
• On Thursday, August 21st, Shyam Sankar sold 77,769 shares of Palantir Technologies stock. The stock was sold at an average price of $155.75, for a total transaction of $12,112,521.75.
• On Wednesday, August 20th, Shyam Sankar sold 93,092 shares of Palantir Technologies stock. The stock was sold at an average price of $151.37, for a total transaction of $14,091,336.04.
• On Tuesday, June 10th, Shyam Sankar sold 405,000 shares of Palantir Technologies stock. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00.

Palantir Technologies Trading Up 1.6%

Shares of PLTR stock traded up $2.56 during trading hours on Friday, reaching $158.74. 101,782,072 shares of the stock were exchanged, compared to its average volume of 77,128,816. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00. The company's 50-day moving average price is $153.18 and its 200-day moving average price is $121.39. The firm 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.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping 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 analysts' expectations of $939.29 million. During the same period in the previous year, the company earned $0.09 EPS. The firm'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. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective 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. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" 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 currently has an average rating of "Hold" and a consensus target price of $136.61.

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently bought and sold shares of the business. Mechanics Financial Corp bought a new position in Palantir Technologies in the first quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the first quarter worth approximately $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the first quarter worth approximately $27,000. Finally, Briaud Financial Planning Inc bought a new position in Palantir Technologies in the second quarter worth approximately $27,000. Institutional investors 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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