Shyam Sankar Sells 375,000 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Key Points

• Shyam Sankar, an insider at Palantir Technologies, sold 375,000 shares at an average price of $151.20, totaling $56.7 million, reducing his ownership by 34.79%.
• Palantir Technologies reported a $1 billion revenue for the last quarter, exceeding analyst estimates and showing a 48% increase year-on-year.
• Multiple analysts have upgraded their target prices on Palantir, with Goldman Sachs raising it to $141.00 and Loop Capital to $180.00, amid a consensus rating of "Hold".

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value 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. The trade was a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, August 22nd, Shyam Sankar sold 30,000 shares of Palantir Technologies stock. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00.
• 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 value 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 value 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 value of $53,492,400.00.

Palantir Technologies Trading Up 1.6%

Shares of PLTR traded up $2.56 during trading hours on Friday, hitting $158.74. The company had a trading volume of 101,782,072 shares, compared to its average volume of 77,128,816. The company has a market capitalization of $376.59 billion, a PE ratio of 709.91, a price-to-earnings-growth ratio of 8.80 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The company's fifty day moving average price is $153.18 and its two-hundred day moving average price is $121.39.

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 the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent analyst reports. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada upped their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Loop Capital upped their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen raised Palantir Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.61.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently modified their holdings of the stock. Accuvest Global Advisors lifted its position in shares of Palantir Technologies by 0.7% in the second quarter. Accuvest Global Advisors now owns 9,035 shares of the company's stock valued at $1,232,000 after acquiring an additional 63 shares in the last quarter. Ignite Planners LLC lifted its position in shares of Palantir Technologies by 0.4% in the second quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock valued at $2,094,000 after acquiring an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. lifted its position in shares of Palantir Technologies by 1.3% in the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock valued at $747,000 after acquiring an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of Palantir Technologies by 1.0% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock valued at $1,007,000 after acquiring an additional 73 shares in the last quarter. Finally, Boomfish Wealth Group LLC lifted its position in shares of Palantir Technologies by 2.7% in the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company's stock valued at $379,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other 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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