Palantir Technologies (NASDAQ:PLTR) Insider Sells 149,872 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Shyam Sankar sold 149,872 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $24,577,509.28. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, November 21st, Shyam Sankar sold 19,004 shares of Palantir Technologies stock. The shares were sold at an average price of $156.25, for a total value of $2,969,375.00.

Palantir Technologies Price Performance

NASDAQ:PLTR traded up $7.40 during trading hours on Monday, reaching $162.25. The company had a trading volume of 57,599,565 shares, compared to its average volume of 64,838,592. Palantir Technologies Inc. has a 1-year low of $63.40 and a 1-year high of $207.52. The firm has a market cap of $386.71 billion, a PE ratio of 386.32, a price-to-earnings-growth ratio of 6.00 and a beta of 2.63. The business’s 50 day moving average price is $180.17 and its 200-day moving average price is $158.83.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLTR. Weiss Ratings reissued a “buy (b)” rating on shares of Palantir Technologies in a research report on Monday, November 17th. Morgan Stanley lifted their target price on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. HSBC raised their price objective on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Piper Sandler boosted their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada raised their price target on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $172.28.

Institutional Trading of Palantir Technologies

Several hedge funds have recently added to or reduced their stakes in PLTR. Norges Bank acquired a new stake in Palantir Technologies during the 2nd quarter worth about $3,307,457,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $2,543,888,000. Vanguard Group Inc. raised its holdings in shares of Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after purchasing an additional 8,168,604 shares in the last quarter. State Street Corp lifted its holdings in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth $520,232,000. 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.