Palantir Technologies (NASDAQ:PLTR) Insider Jeffrey Buckley Sells 1,250 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Jeffrey Buckley sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the transaction, the insider owned 56,921 shares in the company, valued at $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jeffrey Buckley also recently made the following trade(s):

• On Thursday, August 20th, Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock. The stock was sold at an average price of $174.83, for a total value of $359,275.65.
• On Thursday, June 11th, Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock. The stock was sold at an average price of $128.80, for a total value of $190,752.80.

Palantir Technologies Stock Down 2.3%

Shares of Palantir Technologies stock opened at $175.89 on Tuesday. The firm has a market cap of $422.67 billion, a PE ratio of 150.33, a price-to-earnings-growth ratio of 2.54 and a beta of 1.59. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The business’s fifty day simple moving average is $139.73 and its 200-day simple moving average is $140.82.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s artificial-intelligence platform continues to attract strong demand from U.S. commercial and government customers. Recent coverage highlights its modular sales model, expanding commercial business and strong government relationships as competitive advantages. PLTR vs. PATH: Which AI-Driven Software Stock is the Better Buy?
• Positive Sentiment: Optimistic analysts and commentators point to Palantir’s accelerating revenue, a reported Rule of 40 score of 155 and the possibility of further gains toward $250. The company’s latest quarter also featured revenue growth of nearly 93% year over year and earnings above consensus estimates. Prediction: Palantir Stock Will Hit $250 on This Date
• Positive Sentiment: Palantir’s reported profitability remains a major attraction: second-quarter net income was approximately $1.06 billion on $1.94 billion of revenue, implying a roughly 55% net margin. However, coverage notes that interest income and other non-operating factors contributed materially to that figure. Palantir Keeps 55 Cents of Every Revenue Dollar as Profit
• Neutral Sentiment: Palantir’s stock has risen about 46% in August following its earnings report, leading investors and analysts to debate whether its strong fundamentals justify buying after the rally. Technical coverage says the shares remain in or near a buy zone but suggests waiting for a better entry point. Palantir has been on a tear this year. Two numbers signal investors should protect their gains
• Negative Sentiment: Rising long-term Treasury yields are pressuring high-multiple growth stocks. With Palantir trading at a very rich earnings multiple, investors may be reassessing the valuation and the present value of its future profits. Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
• Negative Sentiment: Cathie Wood’s investment firm reportedly sold about $27.2 million of Palantir shares after the rally. The sale adds near-term supply and reinforces concerns that some investors are locking in gains at stretched valuations. Cathie Wood Dumps $27.2 Million of Palantir Stock After 43% Rally

Wall Street Analyst Weigh In

Several analysts recently weighed in on PLTR shares. Roth Capital started coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Wedbush began coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating on the stock. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Wednesday, May 6th. Finally, BNP Paribas Exane initiated coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an “underperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Hedge Funds Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PFA Pension Forsikringsaktieselskab purchased a new position in Palantir Technologies in the 4th quarter valued at about $222,143,000. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Palantir Technologies by 6.8% during the fourth quarter. Global Retirement Partners LLC now owns 79,282 shares of the company’s stock worth $14,092,000 after buying an additional 5,070 shares in the last quarter. Income Insurance Ltd acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $1,228,000. Finally, Sun Financial Inc purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $1,282,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

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.