Palantir Technologies (NASDAQ:PLTR) Insider Sells $24,577,509.28 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Shyam Sankar sold 149,872 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 642,786 shares in the company, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

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

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded up $7.40 during midday trading on Monday, hitting $162.25. The stock had a trading volume of 57,599,565 shares, compared to its average volume of 64,838,592. The company’s 50-day simple moving average is $180.17 and its 200 day simple moving average is $158.83. The firm has a market cap of $386.71 billion, a P/E ratio of 386.32, a price-to-earnings-growth ratio of 6.00 and a beta of 2.63. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52.

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

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently made changes to their positions in the stock. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies during the second quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies in the first quarter worth approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the first quarter valued at about $27,000. Briaud Financial Planning Inc purchased a new stake in Palantir Technologies in the 2nd quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Palantir Technologies in the second quarter valued at $27,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PLTR shares. Citigroup increased their price target on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Palantir Technologies in a report on Monday, November 17th. Morgan Stanley raised their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Robert W. Baird upped their price target on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Bank of America increased their price target on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $172.28.

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.