Shyam Sankar Sells 77,769 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Key Points

• Shyam Sankar, an insider at Palantir Technologies, sold a total of 77,769 shares on August 21st for approximately $12.1 million, reducing his ownership by nearly 10% to 702,786 shares.
• Palantir's stock experienced a price increase, reaching $158.74 as of the last trading session, amidst a significant trading volume of over 101 million shares.
• Palantir Technologies reported strong quarterly earnings, with a revenue of $1 billion and earnings per share exceeding analyst expectations, leading to positive rating upgrades by multiple research firms.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Shyam Sankar sold 77,769 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $12,112,521.75. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at $109,458,919.50. This represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, August 20th, Shyam Sankar sold 375,000 shares of Palantir Technologies stock. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00.
• 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 transaction of $4,786,500.00.
• 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 transaction 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 transaction of $53,492,400.00.

Palantir Technologies Price Performance

PLTR traded up $2.56 on Friday, hitting $158.74. 101,782,072 shares of the stock were exchanged, compared to its average volume of 77,128,816. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00. The business has a 50-day moving average of $153.18 and a two-hundred day moving average of $121.39. The firm has a market capitalization of $376.59 billion, a price-to-earnings ratio of 709.91, a PEG ratio of 8.80 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share 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 business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. Palantir Technologies'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. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Palantir Technologies

Large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its position in Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after purchasing an additional 6,479 shares during the period. Garrison Bradford & Associates Inc. acquired a new stake in Palantir Technologies in the 1st quarter valued at $45,000. Menard Financial Group LLC grew its position in Palantir Technologies by 8.2% in the 1st quarter. Menard Financial Group LLC now owns 25,938 shares of the company's stock valued at $2,189,000 after purchasing an additional 1,964 shares during the period. TCW Group Inc. grew its position in Palantir Technologies by 14.5% in the 1st quarter. TCW Group Inc. now owns 32,031 shares of the company's stock valued at $2,703,000 after purchasing an additional 4,068 shares during the period. Finally, Sagespring Wealth Partners LLC grew its position in Palantir Technologies by 36.3% in the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after purchasing an additional 6,405 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Wall Street Zen raised Palantir Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Bank of America upped their price objective on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $136.61.

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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