Palantir Technologies (NASDAQ:PLTR) Insider Shyam Sankar Sells 30,000 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shyam Sankar also recently made the following trade(s):

• On Wednesday, August 20th, Shyam Sankar sold 375,000 shares of Palantir Technologies stock. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00.
• On Thursday, August 21st, Shyam Sankar sold 77,769 shares of Palantir Technologies stock. The stock was sold at an average price of $155.75, for a total transaction of $12,112,521.75.
• On Wednesday, August 20th, Shyam Sankar sold 93,092 shares of Palantir Technologies stock. The stock was sold at an average price of $151.37, for a total transaction of $14,091,336.04.
• On Tuesday, June 10th, Shyam Sankar sold 405,000 shares of Palantir Technologies stock. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00.

Palantir Technologies Stock Up 1.6%

Shares of NASDAQ PLTR opened at $158.74 on Friday. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00. The firm’s fifty day moving average is $153.61 and its 200 day moving average is $121.77. The company has a market cap of $376.59 billion, a price-to-earnings ratio of 529.15, a PEG ratio of 8.80 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently modified their holdings of the business. Carter Financial Group INC. bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $1,972,000. Stance Capital LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $1,895,000. Clarion Wealth Managment Partners LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $286,000. Slocum Gordon & Co LLP bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $41,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Palantir Technologies by 36.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 113,208 shares of the company’s stock valued at $15,433,000 after buying an additional 30,533 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup reissued a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. UBS Group reissued a “neutral” rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. 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 equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $136.61.

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.