Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Jeffrey Buckley sold 1,250 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the sale, the insider owned 56,921 shares in the company, valued at $9,920,761.09. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jeffrey Buckley also recently made the following trade(s):
- On Thursday, August 20th, Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock. The shares were sold at an average price of $174.83, for a total value of $359,275.65.
- On Thursday, June 11th, Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock. The shares were sold at an average price of $128.80, for a total value of $190,752.80.
Palantir Technologies Trading Down 2.3%
NASDAQ PLTR opened at $175.89 on Tuesday. The business's 50-day moving average price is $139.73 and its 200 day moving average price is $140.82. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The company has a market capitalization of $422.67 billion, a PE ratio of 150.33, a price-to-earnings-growth ratio of 2.54 and a beta of 1.59.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the business earned $0.16 EPS. The firm's revenue was up 92.8% on a year-over-year basis. Equities analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.
Institutional Investors Weigh In On Palantir Technologies
Hedge funds have recently modified their holdings of the stock. Carlson Financial Inc. grew its position in Palantir Technologies by 1.3% in the second quarter. Carlson Financial Inc. now owns 10,349 shares of the company's stock valued at $1,207,000 after acquiring an additional 130 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Palantir Technologies by 11,040.0% during the second quarter. California State Teachers Retirement System now owns 383,800,665 shares of the company's stock worth $44,778,024,000 after purchasing an additional 380,355,408 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of Palantir Technologies by 16.6% in the second quarter. Washington Trust Advisors Inc. now owns 3,815 shares of the company's stock valued at $445,000 after purchasing an additional 544 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of Palantir Technologies by 436.6% in the second quarter. Ameritas Advisory Services LLC now owns 83,117 shares of the company's stock valued at $9,697,000 after purchasing an additional 67,626 shares during the period. Finally, Guardian Wealth Advisors LLC NC grew its holdings in Palantir Technologies by 67.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company's stock valued at $1,240,000 after purchasing an additional 4,283 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently commented on PLTR shares. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 11th. Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a report on Wednesday, May 6th. Citigroup lowered Palantir Technologies from a "buy" rating to a "market perform" rating in a research note on Tuesday, August 4th. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $90.00 price objective on shares of Palantir Technologies in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 target price for the company in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.19.
View Our Latest Stock Analysis on PLTR
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir’s artificial-intelligence platform continues to attract strong demand from U.S. commercial and government customers. Recent coverage highlights its modular sales model, expanding commercial business and strong government relationships as competitive advantages. PLTR vs. PATH: Which AI-Driven Software Stock is the Better Buy?
- Positive Sentiment: Optimistic analysts and commentators point to Palantir’s accelerating revenue, a reported Rule of 40 score of 155 and the possibility of further gains toward $250. The company’s latest quarter also featured revenue growth of nearly 93% year over year and earnings above consensus estimates. Prediction: Palantir Stock Will Hit $250 on This Date
- Positive Sentiment: Palantir’s reported profitability remains a major attraction: second-quarter net income was approximately $1.06 billion on $1.94 billion of revenue, implying a roughly 55% net margin. However, coverage notes that interest income and other non-operating factors contributed materially to that figure. Palantir Keeps 55 Cents of Every Revenue Dollar as Profit
- Neutral Sentiment: Palantir’s stock has risen about 46% in August following its earnings report, leading investors and analysts to debate whether its strong fundamentals justify buying after the rally. Technical coverage says the shares remain in or near a buy zone but suggests waiting for a better entry point. Palantir has been on a tear this year. Two numbers signal investors should protect their gains
- Negative Sentiment: Rising long-term Treasury yields are pressuring high-multiple growth stocks. With Palantir trading at a very rich earnings multiple, investors may be reassessing the valuation and the present value of its future profits. Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Negative Sentiment: Cathie Wood’s investment firm reportedly sold about $27.2 million of Palantir shares after the rally. The sale adds near-term supply and reinforces concerns that some investors are locking in gains at stretched valuations. Cathie Wood Dumps $27.2 Million of Palantir Stock After 43% Rally
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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