Insider Selling: Palantir Technologies (NASDAQ:PLTR) Insider Sells 17,128 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider David Glazer sold 17,128 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares in the company, valued at approximately $51,047,921.68. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Palantir Technologies Trading Down 0.4%

NASDAQ PLTR traded down $0.53 on Friday, hitting $136.88. 27,472,996 shares of the company were exchanged, compared to its average volume of 41,201,120. The company has a market cap of $328.14 billion, a PE ratio of 153.80, a PEG ratio of 2.18 and a beta of 1.52. Palantir Technologies Inc. has a 12 month low of $118.93 and a 12 month high of $207.52. The stock has a fifty day moving average of $142.88 and a 200-day moving average of $157.76.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the firm earned $0.13 earnings per share. Palantir Technologies’s revenue was up 84.7% on a year-over-year basis. On average, analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Palantir Technologies News Summary

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

• Positive Sentiment: Several recent pieces continue to highlight Palantir’s strong fundamentals, including rapid revenue growth, elevated margins, and a “Rule of 40” profile that bulls say supports further upside. Article Title
• Positive Sentiment: Rosenblatt reiterated a buy rating and a $225 price target, signaling Wall Street still sees meaningful upside from current levels. Article Title
• Positive Sentiment: Some commentary argues the recent pullback could be a buying opportunity, with analysts pointing to Palantir’s strong execution and long-term AI positioning. Article Title
• Neutral Sentiment: The stock is trending heavily in retail and media circles, which can keep attention high but does not by itself change the business outlook. Article Title
• Neutral Sentiment: Palantir continues to attract comparisons with other AI names like Nvidia and Innodata, underscoring its status as a high-profile AI stock rather than delivering a fresh company-specific catalyst. Article Title
• Negative Sentiment: Cantor Fitzgerald kept a neutral stance and said Palantir’s AI opportunity is real, but the valuation still looks too rich, reinforcing a key bear case. Article Title
• Negative Sentiment: News that Palantir is challenging the Defense Intelligence Agency over an analytics contract, along with a separate blocked U.K. police deal, adds uncertainty around government revenue opportunities. Article Title
• Negative Sentiment: Recent articles also note the stock remains well below its highs and that even bullish investors acknowledge it may need much more growth to justify today’s price. Article Title

Institutional Investors Weigh In On Palantir Technologies

Hedge funds have recently bought and sold shares of the stock. Bare Financial Services Inc lifted its position in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares during the last quarter. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth approximately $29,000. United Financial Planning Group LLC purchased a new position in shares of Palantir Technologies during the third quarter worth approximately $32,000. Flagship Wealth Advisors LLC purchased a new position in shares of Palantir Technologies during the third quarter worth approximately $32,000. Finally, Morton Brown Family Wealth LLC increased its stake in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research report on Tuesday, May 5th. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Wednesday, May 6th. Mizuho decreased their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Finally, DA Davidson cut their target price on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $192.76.

About Palantir Technologies

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.