Palantir Technologies (NASDAQ:PLTR) Stock: Insider Eric Woersching Sells 1,000 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) Director Eric Woersching sold 1,000 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the transaction, the director directly owned 3,465 shares of the company’s stock, valued at approximately $710,325. This represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Palantir Technologies Stock Performance

Palantir Technologies stock traded down $7.70 during trading on Wednesday, reaching $200.97. The company had a trading volume of 24,046,176 shares, compared to its average volume of 23,202,436. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94. The stock’s 50 day moving average price is $180.59 and its two-hundred day moving average price is $150.98. The firm has a market capitalization of $482.94 billion, a price-to-earnings ratio of 212.93, a PEG ratio of 2.87 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, research analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds have recently made changes to their positions in the business. Guardian Wealth Advisors LLC NC grew its stake in shares of Palantir Technologies by 67.5% in the second quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock valued at $1,240,000 after buying an additional 4,283 shares in the last quarter. Independent Financial Group LLC grew its position in Palantir Technologies by 20.8% in the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock valued at $21,957,000 after acquiring an additional 32,427 shares in the last quarter. World Equity Group Inc. grew its position in Palantir Technologies by 7.2% in the second quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock valued at $5,090,000 after acquiring an additional 2,948 shares in the last quarter. Sage Capital Advisors llc raised its stake in shares of Palantir Technologies by 63.5% during the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock valued at $7,810,000 after purchasing an additional 25,995 shares during the period. Finally, V. M. Manning & CO. Inc. purchased a new stake in shares of Palantir Technologies during the second quarter valued at approximately $539,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
• Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
• Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
• Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research reports. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. UBS Group raised their price objective on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.54.

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.