Ryan Taylor Sells 36,048 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Key Points

• Ryan Taylor, an insider at Palantir Technologies, sold 36,048 shares at an average price of $158.35, totaling over $5.7 million, which decreased their ownership by 10.49%.
• Palantir reported strong Q2 earnings of $0.16 EPS, surpassing analyst estimates and posting a 48% revenue increase year-over-year.
• Recent analyst reports have raised price targets for Palantir, with Bank of America and Loop Capital both setting targets of $180.00, reflecting growing market confidence in the stock.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Ryan Taylor sold 36,048 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Palantir Technologies Price Performance

Palantir Technologies stock traded up $6.26 during midday trading on Tuesday, reaching $162.36. The company had a trading volume of 61,075,301 shares, compared to its average volume of 75,365,864. The company has a market capitalization of $385.17 billion, a P/E ratio of 541.22, a P/E/G ratio of 8.80 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $33.62 and a 12-month high of $190.00. The firm's fifty day simple moving average is $158.03 and its 200-day simple moving average is $125.50.

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 firm had revenue of $1 billion for 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 quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Palantir Technologies

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Loop Capital lifted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" 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 research report on Tuesday, August 5th. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, Citigroup reissued a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average target price of $136.61.

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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