Palantir Technologies (NASDAQ:PLTR) Insider Shyam Sankar Sells 77,769 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Shyam Sankar sold 77,769 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $12,112,521.75. Following the completion of the sale, the insider owned 702,786 shares of the company’s stock, valued at $109,458,919.50. This represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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 value of $56,700,000.00.
• On Friday, August 22nd, Shyam Sankar sold 30,000 shares of Palantir Technologies stock. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00.
• 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 value 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 value of $53,492,400.00.

Palantir Technologies Trading Up 1.6%

Shares of PLTR stock opened at $158.74 on Friday. The stock has a 50 day moving average of $153.61 and a two-hundred day moving average of $121.77. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00. The company has a market capitalization of $376.59 billion, a P/E ratio of 529.15, a P/E/G ratio of 8.80 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data 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 return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter last year, the company earned $0.09 EPS. The company’s quarterly 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. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Mizuho upgraded Palantir Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $116.00 to $135.00 in a research report on Wednesday, July 16th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Finally, Cantor Fitzgerald raised their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $136.61.

Institutional Investors Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Accuvest Global Advisors increased its holdings in Palantir Technologies by 0.7% during the 2nd quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after purchasing an additional 63 shares in the last quarter. Ignite Planners LLC increased its stake in shares of Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock valued at $2,094,000 after buying an additional 66 shares during the period. Christensen King & Associates Investment Services Inc. increased its stake in shares of Palantir Technologies by 1.3% in the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after buying an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. increased its stake in shares of Palantir Technologies by 1.0% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after buying an additional 73 shares during the period. Finally, Boomfish Wealth Group LLC increased its stake in shares of Palantir Technologies by 2.7% in the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after buying an additional 73 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

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.