Palantir Technologies (NASDAQ:PLTR) Insider Alexander Karp Sells 222,878 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Alexander Karp sold 222,878 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This trade represents a 3.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Palantir Technologies Stock Up 1.6%

Shares of PLTR opened at $158.74 on Friday. The company has a market capitalization of $376.59 billion, a P/E ratio of 529.15, a price-to-earnings-growth ratio of 8.80 and a beta of 2.60. The firm has a 50 day moving average of $153.61 and a 200 day moving average of $121.77. Palantir Technologies Inc. has a twelve month low of $29.31 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Loop Capital lifted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. UBS Group reissued a “neutral” rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $136.61.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at $25,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at $27,000. LFA Lugano Financial Advisors SA purchased a new stake in Palantir Technologies in the 2nd quarter worth $27,000. Frazier Financial Advisors LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth $28,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

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.