Key Points
- Director Eric Woersching sold 1,000 Palantir shares at an average price of $205, generating $205,000 and reducing his direct stake by 22.4% to 3,465 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan.
- Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analysts’ expectations of $0.34.
- Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $200.54, though the stock’s elevated valuation and upcoming earnings report could increase volatility.
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Eric Woersching sold 1,000 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the transaction, the director directly owned 3,465 shares of the company's stock, valued at $710,325. This trade represents a 22.40% 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.
Palantir Technologies Stock Down 3.7%
Shares of Palantir Technologies stock opened at $200.97 on Thursday. The firm has a market cap of $482.94 billion, a price-to-earnings ratio of 171.77, a PEG ratio of 2.87 and a beta of 1.60. The business has a 50-day moving average price of $181.44 and a 200-day moving average price of $151.35. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The business's revenue was up 92.8% compared to the same quarter last year. On average, equities analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. boosted its stake in Palantir Technologies by 13.6% during the third quarter. Mather Group LLC. now owns 23,073 shares of the company's stock worth $4,316,000 after buying an additional 2,764 shares during the period. Hudock Inc. bought a new position in Palantir Technologies during the third quarter valued at $248,000. West Wealth Group LLC bought a new position in Palantir Technologies during the third quarter valued at $276,000. Summit Financial Strategies Inc. raised its stake in shares of Palantir Technologies by 66.8% in the third quarter. Summit Financial Strategies Inc. now owns 4,184 shares of the company's stock valued at $783,000 after acquiring an additional 1,675 shares during the period. Finally, Fortune 45 LLC raised its stake in shares of Palantir Technologies by 6.4% in the third quarter. Fortune 45 LLC now owns 6,214 shares of the company's stock valued at $1,163,000 after acquiring an additional 373 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.
Wall Street Analyst Weigh In
PLTR has been the subject of several research analyst reports. Benchmark restated a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Raymond James Financial raised Palantir Technologies from a "hold" rating to a "moderate buy" rating in a research note on Thursday, October 8th. Barclays assumed coverage on Palantir Technologies in a report on Friday, October 9th. They set an "overweight" rating and a $265.00 price objective on the stock. DA Davidson increased their target price on Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, September 11th. Finally, Piper Sandler reiterated an "overweight" rating and set a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.54.
Get Our Latest Stock Report on PLTR
Key Stories Impacting Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
- Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
- Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
- Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
- Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
- Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
- Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
- Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view
About Palantir Technologies
(
Get Free Report)
Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.
The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.
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