Palantir Technologies (NASDAQ:PLTR) Insider Sells $387,836.35 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Jeffrey Buckley sold 2,365 shares of Palantir Technologies stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $387,836.35. Following the completion of the sale, the insider directly owned 48,596 shares in the company, valued at approximately $7,969,258.04. This represents a 4.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jeffrey Buckley also recently made the following trade(s):

• On Monday, November 24th, Jeffrey Buckley sold 1,252 shares of Palantir Technologies stock. The shares were sold at an average price of $157.50, for a total value of $197,190.00.
• On Friday, November 21st, Jeffrey Buckley sold 300 shares of Palantir Technologies stock. The shares were sold at an average price of $156.25, for a total value of $46,875.00.
• On Friday, August 29th, Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock. The stock was sold at an average price of $157.00, for a total value of $440,071.00.

Palantir Technologies Trading Up 1.4%

NASDAQ PLTR opened at $165.77 on Thursday. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The stock has a 50 day moving average of $179.98 and a 200-day moving average of $159.20. The company has a market cap of $395.10 billion, a PE ratio of 394.70, a PEG ratio of 6.34 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Occidental Asset Management LLC boosted its holdings in Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after purchasing an additional 53 shares during the period. Gallacher Capital Management LLC raised its position in shares of Palantir Technologies by 2.2% in the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after buying an additional 53 shares in the last quarter. Bare Financial Services Inc boosted its stake in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the period. Lionshead Wealth Management LLC boosted its stake in shares of Palantir Technologies by 0.4% in the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after buying an additional 56 shares during the period. Finally, Ellenbecker Investment Group grew its position in Palantir Technologies by 3.6% during the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after buying an additional 57 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PLTR. Mizuho raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Loop Capital boosted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Finally, Morgan Stanley lifted their price objective on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $172.28.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.