Palantir Technologies (NASDAQ:PLTR) Insider Sells 1,232 Shares

Key Points

  • David Glazer, a Palantir insider, sold 17,438 shares on Feb. 20 at an average of $133.72 for about $2.33 million, reducing his stake by 4.26% to 392,370 shares (≈$52.47M).
  • Palantir beat quarterly estimates with $0.25 EPS vs. $0.23 expected and reported revenue of $1.41 billion, an increase of 70% year‑over‑year.
  • Analyst sentiment is mixed: the consensus rating is a Hold with an average price target of $191.05, while individual ratings range from Strong Buy to Sell.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Jeffrey Buckley sold 1,232 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider owned 43,108 shares of the company's stock, valued at $5,564,380.64. This represents a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jeffrey Buckley also recently made the following trade(s):

  • On Friday, February 20th, Jeffrey Buckley sold 2,704 shares of Palantir Technologies stock. The stock was sold at an average price of $133.72, for a total value of $361,578.88.

Palantir Technologies Trading Down 1.3%

Palantir Technologies stock opened at $128.84 on Wednesday. The firm has a market capitalization of $307.08 billion, a P/E ratio of 204.51, a PEG ratio of 2.51 and a beta of 1.64. The business has a 50-day moving average of $162.65 and a 200-day moving average of $170.75. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52.




Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies's quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Trending Headlines about Palantir Technologies

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

Institutional Investors Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Occidental Asset Management LLC boosted its position in Palantir Technologies by 2.8% during the third quarter. Occidental Asset Management LLC now owns 1,964 shares of the company's stock valued at $358,000 after purchasing an additional 53 shares during the last quarter. Gallacher Capital Management LLC raised its stake in shares of Palantir Technologies by 2.2% during the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company's stock worth $447,000 after purchasing an additional 53 shares in the last quarter. Bare Financial Services Inc boosted its holdings in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after buying an additional 55 shares during the last quarter. Lionshead Wealth Management LLC grew its stake in shares of Palantir Technologies by 0.4% in the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company's stock valued at $2,395,000 after buying an additional 56 shares in the last quarter. Finally, Ellenbecker Investment Group grew its stake in shares of Palantir Technologies by 3.6% in the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company's stock valued at $295,000 after buying an additional 57 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on PLTR. HSBC upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 price target on shares of Palantir Technologies in a research note on Thursday, January 22nd. Argus raised shares of Palantir Technologies to a "hold" rating in a research note on Monday, February 9th. Robert W. Baird upgraded Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 target price for the company in a report on Tuesday, February 3rd. Finally, Citigroup boosted their price target on Palantir Technologies from $235.00 to $260.00 and gave the company a "buy" rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $191.05.

View Our Latest Research Report on Palantir Technologies

Palantir Technologies Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Palantir Technologies (NASDAQ:PLTR)

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