Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Shyam Sankar sold 35,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a 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 150,000 shares of Palantir Technologies stock. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00.
- 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 shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56.
Palantir Technologies Trading Up 1.9%
Shares of NASDAQ:PLTR opened at $175.23 on Tuesday. The stock has a market capitalization of $420.08 billion, a PE ratio of 149.77, a P/E/G ratio of 2.45 and a beta of 1.59. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm has a fifty day moving average price of $132.05 and a 200 day moving average price of $139.75.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The business's quarterly revenue was up 92.8% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.
Palantir Technologies News Roundup
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Raised guidance reinforces the growth story. Palantir was identified as a Q2 earnings-season standout after raising its outlook. Articles indicate the guidance upgrade implies approximately $362 million of additional second-half revenue, helping investors reassess the company’s near-term earnings power. Q2 Earnings Season Standouts: 3 Companies Raising Guidance
- Positive Sentiment: AI-driven commercial momentum remains the main catalyst. Recent coverage highlights 93% year-over-year revenue growth, commercial revenue growth of 110%, government revenue growth of 79%, a 62% adjusted EBITDA margin, and $1.22 billion of free cash flow. Palantir’s open-weight model approach may also differentiate it from OpenAI and Anthropic by allowing customers to customize models on their own infrastructure and retain the resulting model weights. Palantir Q2: Karp Takes On The Two AI Labs
- Positive Sentiment: Analysts and investors remain bullish. Bank of America reportedly set a $255 price target, while other bullish research cited targets of $218 and $255. Coverage also points to a $13.1 billion backlog and substantial room to expand Palantir’s U.S. commercial business. BofA, JPMorgan, Oppenheimer Name Their Favorite AI Stocks
- Neutral Sentiment: Defense exposure is attracting attention. Palantir’s battlefield AI is reportedly helping the Pentagon accelerate target identification. However, the related missile shortage could benefit defense contractors such as Lockheed Martin and RTX more directly than Palantir. Palantir AI Boosts Pentagon Capabilities but Missile Shortage Benefits Contractors
- Negative Sentiment: Valuation and profit-taking are key risks. After a sharp rally, some investors have taken profits. Palantir trades at an elevated earnings multiple, so any slowdown in growth, weaker guidance, or margin pressure could trigger significant volatility. Michael Burry’s bearish AI positioning has also kept valuation concerns in focus. Palantir Stock Valuation Risk
Analyst Ratings Changes
Several equities research analysts recently weighed in on PLTR shares. Jefferies Financial Group restated an "underperform" rating and issued a $80.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. Mizuho increased their price target on Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target on the stock in a research report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $204.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Wolfe Research initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.73.
View Our Latest Stock 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. Revolve Wealth Partners LLC bought a new position in Palantir Technologies during the fourth quarter worth about $450,000. Bison Wealth LLC grew its stake in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its holdings in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after buying an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock worth $858,000 after buying an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $315,000. Institutional investors own 45.65% of the company's stock.
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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