Palantir Technologies (NASDAQ:PLTR) Stock Price Down 1.6% Following Insider Selling

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price traded down 1.6% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $126.71 and last traded at $132.22. Approximately 40,289,274 shares were traded during trading, a decline of 15% from the average session volume of 47,598,633 shares. The stock had previously closed at $134.37.

Specifically, insider Shyam Sankar sold 150,000 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $19,500,000.00. Following the sale, the insider owned 599,899 shares of the company’s stock, valued at $77,986,870. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $4,550,000.00. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at $83,562,180. The trade was a 5.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PLTR. Royal Bank Of Canada restated an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. UBS Group upgraded shares of Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. Cantor Fitzgerald restated a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a report on Friday, May 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $190.85.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir expanded its commercial footprint in Latin America by signing Mexico’s largest insurer, GNP Seguros, as its first publicly announced commercial customer in the region, reinforcing growth beyond government work. Article Title
• Positive Sentiment: DA Davidson upgraded Palantir to Buy and lifted its price target, adding to bullish sentiment and supporting the case for further upside despite the stock’s recent volatility. Article Title
• Positive Sentiment: Palantir also announced a partnership with SNP to accelerate secure SAP transformations, which could deepen its role in large enterprise technology projects. Article Title
• Neutral Sentiment: Some commentary remains constructive, with articles arguing Palantir’s sovereign AI and defense positioning continue to attract investors even after a sharp pullback. Article Title
• Negative Sentiment: Market reports say Palantir is sliding as AI software stocks come under pressure, with concerns about slower AI adoption, insider selling, and a broader rotation away from expensive growth names. Article Title
• Negative Sentiment: Additional pressure came from Financial Times/Barron’s coverage highlighting political scrutiny of Palantir’s government contracts, including concern that this could affect a major part of the business. Article Title
• Negative Sentiment: Recent insider sales by senior executive Shyam Sankar also added to the cautious tone, as investors often view heavy insider selling as a warning sign when valuation is already elevated. Article Title

Palantir Technologies Stock Down 1.6%

The firm has a fifty day simple moving average of $133.27 and a 200-day simple moving average of $147.37. The company has a market cap of $316.97 billion, a PE ratio of 148.56, a price-to-earnings-growth ratio of 2.12 and a beta of 1.56.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business’s revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Equities research analysts forecast that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares during the period. State Street Corp increased its position in Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after purchasing an additional 1,126,418 shares during the period. Geode Capital Management LLC raised its stake in shares of Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after buying an additional 805,047 shares in the last quarter. Norges Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $5,149,641,000. Finally, Invesco Ltd. lifted its holdings in shares of Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after buying an additional 616,297 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

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.