Palantir Technologies (NASDAQ:PLTR) Insider David Glazer Sells 1,973 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider David Glazer sold 1,973 shares of Palantir Technologies stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $308,281.25. Following the completion of the sale, the insider owned 413,639 shares in the company, valued at approximately $64,631,093.75. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Palantir Technologies Stock Up 4.8%

PLTR opened at $162.25 on Tuesday. The company has a market cap of $386.71 billion, a PE ratio of 386.32, a price-to-earnings-growth ratio of 6.00 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The company has a 50-day moving average price of $180.17 and a 200 day moving average price of $158.83.

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

Analyst Ratings Changes

Several research analysts recently commented on PLTR shares. DA Davidson increased their price objective on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $172.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in Palantir Technologies in the 2nd quarter valued at about $3,307,457,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $2,543,888,000. Vanguard Group Inc. raised its position in shares of Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after buying an additional 8,168,604 shares during the period. State Street Corp raised its position in shares of Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after buying an additional 6,777,771 shares during the period. Finally, Nuveen LLC acquired a new position in Palantir Technologies in the first quarter valued at approximately $520,232,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

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.