Shyam Sankar Sells 150,000 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Key Points

• Palantir insider Shyam Sankar sold 150,000 shares on July 2 at an average price of $130, totaling $19.5 million. After the sale, he still owned 599,899 shares, and the transaction was made under a pre-arranged Rule 10b5-1 plan.
• PLTR shares were trading higher at $134.37, with the company carrying a market cap of about $322.13 billion. The stock remains volatile relative to its 52-week range of $106.37 to $207.52.
• Analyst sentiment is mixed but constructive, with an average “Moderate Buy” rating and a consensus price target of $190.85. Recent coverage included upgrades from some firms and downgrades from others, reflecting continued debate over Palantir’s valuation and growth outlook.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Shyam Sankar sold 150,000 shares of the business's stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the sale, the insider directly owned 599,899 shares in the company, valued at $77,986,870. The trade was a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, July 2nd, Shyam Sankar sold 35,000 shares of Palantir Technologies stock. The shares were sold at an average price of $130.00, for a total transaction of $4,550,000.00.
• On Wednesday, May 20th, Shyam Sankar sold 165,514 shares of Palantir Technologies stock. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56.

Palantir Technologies Price Performance

NASDAQ PLTR traded up $1.83 on Tuesday, reaching $134.37. The company had a trading volume of 52,436,910 shares, compared to its average volume of 40,160,664. The firm has a market cap of $322.13 billion, a price-to-earnings ratio of 150.98, a P/E/G ratio of 2.12 and a beta of 1.56. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The business has a 50 day moving average of $133.44 and a two-hundred day moving average of $147.67.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business's quarterly revenue was up 84.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. BTIG Research downgraded Palantir Technologies to a "neutral" rating in a research note on Tuesday, June 16th. BNP Paribas Exane assumed coverage on Palantir Technologies in a research report on Tuesday, June 16th. They issued an "underperform" rating for the company. Cantor Fitzgerald restated a "neutral" rating and set a $138.00 price objective on shares of Palantir Technologies in a research note on Friday, May 22nd. Wolfe Research raised shares of Palantir Technologies from an "underperform" rating to a "peer perform" rating in a report on Tuesday, June 16th. Finally, Citigroup upped their target price on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $190.85.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir announced an expansion agreement with GNP Seguros, giving it its first publicly announced commercial customer in Latin America and underscoring international growth potential. Palantir Expands Its Presence in Mexico and Strengthens Its AI Offering in the Insurance Sector with GNP Seguros
• Positive Sentiment: DA Davidson upgraded Palantir to Buy, adding analyst credibility to the recent rebound and supporting the view that the stock’s AI platform is gaining value with enterprises. DA Davidson Upgrades Palantir (PLTR) To Buy
• Positive Sentiment: Coverage tied Palantir’s recent move to its expanded Nvidia partnership and stronger sovereign AI positioning, which investors see as a major long-term growth channel in government and critical infrastructure. Palantir's AI Position Wins New Support From Analysts
• Positive Sentiment: Market commentary also pointed to Palantir’s defense and AI momentum, including new international contract traction and expanding adoption of its software stack, which can fuel expectations for continued revenue growth. Why Palantir Stock Ticked Higher on Tuesday

Institutional Trading of Palantir Technologies

A number of institutional investors and hedge funds have recently modified their holdings of PLTR. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth $29,000. Ballast Advisors LLC bought a new position in Palantir Technologies during the first quarter valued at about $29,000. Morton Brown Family Wealth LLC grew its position in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after buying an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the fourth quarter worth about $31,000. Finally, United Financial Planning Group LLC purchased a new stake in Palantir Technologies during the third quarter worth about $32,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

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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