Palantir Technologies (NASDAQ:PLTR) Insider David Glazer Sells 8,047 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider David Glazer sold 8,047 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $1,253,320.25. Following the sale, the insider owned 474,399 shares of the company’s stock, valued at approximately $73,887,644.25. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Palantir Technologies Trading Up 1.6%

PLTR stock opened at $158.74 on Friday. The firm has a 50 day moving average of $153.61 and a 200-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 cap of $376.59 billion, a price-to-earnings ratio of 529.15, a PEG ratio of 8.80 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period last year, the firm earned $0.09 EPS. The company’s revenue for the quarter 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 forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Palantir Technologies

Several institutional investors have recently made changes to their positions in PLTR. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies during the 1st quarter valued at $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter valued at $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter valued at $27,000. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies during the 2nd quarter valued at $27,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PLTR shares. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their target price for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Bank of America lifted their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $136.61.

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.