Key Points
- Palantir insider Shyam Sankar sold 84,680 shares for about $14.8 million at an average price of $175.07 under a pre-arranged Rule 10b5-1 plan. He retained 857,616 shares; the article also notes a separate sale of 300,000 shares the prior day.
- Palantir reported quarterly EPS of $0.44, beating the $0.41 consensus, and revenue of $2.31 billion, up 95.9% year over year and above estimates.
- Analysts’ consensus rating was “Moderate Buy”, with a $216.20 average price target. Shares traded at $167.99 in Friday midday trading, while the article reported a market capitalization of about $403.7 billion.
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Shyam Sankar sold 84,680 shares of the firm's stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $175.07, for a total value of $14,824,927.60. Following the completion of the transaction, the insider directly owned 857,616 shares in the company, valued at $150,142,833.12. The trade was a 8.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 Tuesday, November 10th, Shyam Sankar sold 300,000 shares of Palantir Technologies stock. The shares were sold at an average price of $167.03, for a total value of $50,109,000.00.
Palantir Technologies Stock Performance
Shares of NASDAQ PLTR traded down $3.59 during midday trading on Friday, hitting $167.99. 15,160,139 shares of the company's stock traded hands, compared to its average volume of 25,516,524. The firm has a fifty day moving average of $184.79 and a 200 day moving average of $153.82. The stock has a market capitalization of $403.69 billion, a price-to-earnings ratio of 117.48, a price-to-earnings-growth ratio of 3.47 and a beta of 1.65. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The firm's revenue was up 95.9% on a year-over-year basis. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating for the company. Northland Securities set a $200.00 target price on Palantir Technologies in a research report on Tuesday, August 4th. Weiss Ratings upgraded Palantir Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Truist Financial reissued a "buy" rating and set a $250.00 price target (up from $223.00) on shares of Palantir Technologies in a report on Tuesday, November 3rd. Finally, Oppenheimer restated an "outperform" rating and issued a $235.00 price target (up from $200.00) on shares of Palantir Technologies in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $216.20.
View Our Latest Stock Report on Palantir Technologies
Institutional Investors Weigh In On Palantir Technologies
A number of institutional investors have recently bought and sold shares of the business. Jennison Associates LLC bought a new position in Palantir Technologies during the first quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership increased its stake in Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares during the last quarter. Bank of America Corp DE increased its stake in Palantir Technologies by 28.7% in the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock worth $2,755,883,000 after acquiring an additional 4,201,852 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Palantir Technologies by 795.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company's stock worth $480,247,000 after acquiring an additional 2,952,079 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock worth $12,190,903,000 after acquiring an additional 2,863,874 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.
Palantir Technologies News Summary
Here's some of the latest news about PLTR:
- Positive Sentiment: Palantir’s Rule of 40 score reached 158% in Q3 2026, reflecting a combination of rapid revenue growth and stronger profitability. The company also reported 165% net dollar retention, supporting the case for continued customer expansion. Article: PLTR's Rule of 40 Hits 158%
- Negative Sentiment: Investors are also focused on deceleration in contract-related growth indicators versus the previous quarter, which may raise questions about future demand. A planned sale of 84,680 shares by CTO Shyam Sankar—and another recent planned sale filing—could add to negative sentiment, though insider sales do not necessarily signal a lack of confidence. Article: Why Palantir Technologies Stock Is Down
- Negative Sentiment: ARK Invest reportedly trimmed its Palantir position while buying another AI-related stock. The move may reinforce concerns about investor rotation away from richly valued AI names, although it reflects one fund’s portfolio decision. Article: Cathie Wood Is Buying CoreWeave and Selling Palantir
Palantir Technologies Company Profile
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Get Free Report)
Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company's platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.
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