Palantir Technologies (NASDAQ:PLTR) Stock Price Down 1.6% - Should You Sell?

Key Points

• Palantir Technologies' stock price fell 1.6% on Wednesday, closing at $179.56, with a volume decline of 49% from its average trading session.
• Analyst ratings reveal a mix of opinions; Goldman Sachs upgraded Palantir's price target to $141.00 while Bank of America set a target of $215.00, showing differing views on the stock's potential.
• Insiders have recently sold a substantial number of shares, with a total of 1,634,634 shares sold, indicating significant changes in ownership dynamics among company executives.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report)'s share price fell 1.6% on Wednesday . The stock traded as low as $177.12 and last traded at $179.56. 45,059,416 shares changed hands during trading, a decline of 49% from the average session volume of 88,559,938 shares. The stock had previously closed at $182.55.

Analyst Ratings Changes

Several brokerages have weighed in on PLTR. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Bank of America upped their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research report on Tuesday. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research report on Monday, September 15th. Finally, 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. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average target price of $140.22.

Palantir Technologies Price Performance

The company's 50-day moving average price is $164.60 and its 200-day moving average price is $131.56. The company has a market cap of $425.98 billion, a P/E ratio of 598.55, a P/E/G ratio of 10.11 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The firm's revenue 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, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock valued at $250,524,804 in the last quarter. Company insiders own 12.93% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company's stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the last quarter. State Street Corp lifted its stake in shares of Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company's stock worth $12,879,667,000 after buying an additional 6,097,629 shares during the last quarter. Norges Bank acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth about $3,307,457,000. Invesco Ltd. lifted its stake in shares of Palantir Technologies by 16.0% during the 2nd quarter. Invesco Ltd. now owns 20,585,256 shares of the company's stock worth $2,806,182,000 after buying an additional 2,838,300 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after buying an additional 64,973 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

About Palantir Technologies

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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