Palantir Technologies (NASDAQ:PLTR) Insider Stephen Andrew Cohen Sells 319,934 Shares

Key Points

• Palantir insider Stephen Andrew Cohen sold 319,934 shares on May 20 at an average price of $136.04, totaling about $43.5 million. The filing says the sale was made to cover tax withholding obligations tied to vested equity awards.
• The sale sharply reduced Cohen’s stake, leaving him with just 592 shares and cutting his ownership by 99.82%.
• Palantir’s fundamentals remain strong despite recent volatility: the company recently beat quarterly earnings and revenue estimates, while analysts remain mixed with a consensus “Moderate Buy” and an average price target of $192.76.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the sale, the insider directly owned 592 shares of the company's stock, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Palantir Technologies Stock Down 0.4%

Shares of NASDAQ PLTR traded down $0.53 during mid-day trading on Friday, reaching $136.88. 27,472,996 shares of the company were exchanged, compared to its average volume of 41,201,120. Palantir Technologies Inc. has a 52 week low of $118.93 and a 52 week high of $207.52. The stock has a market capitalization of $328.14 billion, a PE ratio of 153.80, a PEG ratio of 2.18 and a beta of 1.52. The company's 50 day moving average price is $142.88 and its 200 day moving average price is $157.76.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the firm posted $0.13 EPS. The firm's revenue was up 84.7% compared to the same quarter last year. On average, sell-side analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Institutional Investors Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTR. Milestone Asset Management LLC grew its holdings in shares of Palantir Technologies by 229.5% during the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock valued at $10,763,000 after buying an additional 42,173 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Palantir Technologies by 26.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company's stock valued at $10,680,000 after buying an additional 12,229 shares during the last quarter. VCI Wealth Management LLC grew its holdings in shares of Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company's stock valued at $2,166,000 after buying an additional 3,621 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Palantir Technologies by 135.3% during the third quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company's stock valued at $98,659,000 after buying an additional 310,942 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock valued at $38,295,188,000 after buying an additional 1,557,828 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Several recent pieces continue to highlight Palantir’s strong fundamentals, including rapid revenue growth, elevated margins, and a “Rule of 40” profile that bulls say supports further upside. Article Title
• Positive Sentiment: Rosenblatt reiterated a buy rating and a $225 price target, signaling Wall Street still sees meaningful upside from current levels. Article Title
• Positive Sentiment: Some commentary argues the recent pullback could be a buying opportunity, with analysts pointing to Palantir’s strong execution and long-term AI positioning. Article Title
• Neutral Sentiment: The stock is trending heavily in retail and media circles, which can keep attention high but does not by itself change the business outlook. Article Title
• Neutral Sentiment: Palantir continues to attract comparisons with other AI names like Nvidia and Innodata, underscoring its status as a high-profile AI stock rather than delivering a fresh company-specific catalyst. Article Title
• Negative Sentiment: Cantor Fitzgerald kept a neutral stance and said Palantir’s AI opportunity is real, but the valuation still looks too rich, reinforcing a key bear case. Article Title
• Negative Sentiment: News that Palantir is challenging the Defense Intelligence Agency over an analytics contract, along with a separate blocked U.K. police deal, adds uncertainty around government revenue opportunities. Article Title
• Negative Sentiment: Recent articles also note the stock remains well below its highs and that even bullish investors acknowledge it may need much more growth to justify today’s price. Article Title

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. HSBC downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $200.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Robert W. Baird upgraded shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price objective on the stock in a report on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $192.76.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

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