Key Points
- Palantir insider Shyam Sankar sold 165,514 shares on May 20 at an average price of $136.04, a transaction worth about $22.5 million. The sale was disclosed to the SEC and was reportedly made to cover tax withholding tied to vested equity awards.
- Palantir recently beat expectations on earnings and revenue, reporting $0.33 EPS versus $0.28 expected and $1.63 billion in revenue versus $1.54 billion expected. Revenue jumped 84.7% year over year, underscoring continued strong growth.
- Analyst sentiment remains mixed but broadly positive, with a consensus rating of “Moderate Buy” and an average target price of $192.76. However, some firms still caution that the stock’s valuation is rich despite Palantir’s AI-driven momentum.
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider David Glazer sold 17,128 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares in the company, valued at approximately $51,047,921.68. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Palantir Technologies Stock Performance
Palantir Technologies stock opened at $136.88 on Friday. The firm's 50-day moving average is $142.88 and its 200-day moving average is $157.76. Palantir Technologies Inc. has a 1 year low of $118.93 and a 1 year high of $207.52. The company has a market cap of $328.14 billion, a P/E ratio of 153.80, a PEG ratio of 2.18 and a beta of 1.52.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $0.13 EPS. The company's revenue for the quarter was up 84.7% on a year-over-year basis. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Several recent pieces continue to highlight Palantir’s strong fundamentals, including rapid revenue growth, elevated margins, and a “Rule of 40” profile that bulls say supports further upside. Article Title
- Positive Sentiment: Rosenblatt reiterated a buy rating and a $225 price target, signaling Wall Street still sees meaningful upside from current levels. Article Title
- Positive Sentiment: Some commentary argues the recent pullback could be a buying opportunity, with analysts pointing to Palantir’s strong execution and long-term AI positioning. Article Title
- Neutral Sentiment: The stock is trending heavily in retail and media circles, which can keep attention high but does not by itself change the business outlook. Article Title
- Neutral Sentiment: Palantir continues to attract comparisons with other AI names like Nvidia and Innodata, underscoring its status as a high-profile AI stock rather than delivering a fresh company-specific catalyst. Article Title
- Negative Sentiment: Cantor Fitzgerald kept a neutral stance and said Palantir’s AI opportunity is real, but the valuation still looks too rich, reinforcing a key bear case. Article Title
- Negative Sentiment: News that Palantir is challenging the Defense Intelligence Agency over an analytics contract, along with a separate blocked U.K. police deal, adds uncertainty around government revenue opportunities. Article Title
- Negative Sentiment: Recent articles also note the stock remains well below its highs and that even bullish investors acknowledge it may need much more growth to justify today’s price. Article Title
Analysts Set New Price Targets
Several equities analysts have recently issued reports on PLTR shares. Argus raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Wednesday, May 6th. Loop Capital reduced their price target on shares of Palantir Technologies from $230.00 to $220.00 and set a "buy" rating for the company in a report on Friday, January 30th. Mizuho reduced their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada reissued an "underperform" rating and set a $90.00 price target on shares of Palantir Technologies in a report on Tuesday, May 5th. Finally, Citigroup boosted their price target on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $192.76.
View Our Latest Report on Palantir Technologies
Institutional Investors Weigh In On Palantir Technologies
Institutional investors and hedge funds have recently bought and sold shares of the business. Bare Financial Services Inc lifted its holdings in 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 acquiring an additional 55 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $29,000. United Financial Planning Group LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth about $32,000. Flagship Wealth Advisors LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth about $32,000. Finally, Morton Brown Family Wealth LLC raised its holdings in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after buying an additional 125 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.
About Palantir Technologies
(
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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