Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) insider Jeffrey Buckley sold 1,712 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $232,900.48. Following the sale, the insider directly owned 62,537 shares of the company’s stock, valued at approximately $8,507,533.48. The trade was a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Friday, May 22nd, Jeffrey Buckley sold 830 shares of Palantir Technologies stock. The shares were sold at an average price of $137.41, for a total value of $114,050.30.
- On Tuesday, February 24th, Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock. The stock was sold at an average price of $129.08, for a total value of $159,026.56.
Palantir Technologies Price Performance
Shares of NASDAQ:PLTR opened at $136.88 on Friday. Palantir Technologies Inc. has a fifty-two week low of $118.93 and a fifty-two week high of $207.52. The business has a 50-day moving average of $142.88 and a two-hundred day moving average of $157.76. The stock has a market capitalization of $328.14 billion, a P/E ratio of 153.80, a P/E/G ratio of 2.18 and a beta of 1.52.
Palantir Technologies News Summary
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Several recent pieces continue to highlight Palantir’s strong fundamentals, including rapid revenue growth, elevated margins, and a “Rule of 40” profile that bulls say supports further upside. Article Title
- Positive Sentiment: Rosenblatt reiterated a buy rating and a $225 price target, signaling Wall Street still sees meaningful upside from current levels. Article Title
- Positive Sentiment: Some commentary argues the recent pullback could be a buying opportunity, with analysts pointing to Palantir’s strong execution and long-term AI positioning. Article Title
- Neutral Sentiment: The stock is trending heavily in retail and media circles, which can keep attention high but does not by itself change the business outlook. Article Title
- Neutral Sentiment: Palantir continues to attract comparisons with other AI names like Nvidia and Innodata, underscoring its status as a high-profile AI stock rather than delivering a fresh company-specific catalyst. Article Title
- Negative Sentiment: Cantor Fitzgerald kept a neutral stance and said Palantir’s AI opportunity is real, but the valuation still looks too rich, reinforcing a key bear case. Article Title
- Negative Sentiment: News that Palantir is challenging the Defense Intelligence Agency over an analytics contract, along with a separate blocked U.K. police deal, adds uncertainty around government revenue opportunities. Article Title
- Negative Sentiment: Recent articles also note the stock remains well below its highs and that even bullish investors acknowledge it may need much more growth to justify today’s price. Article Title
Analyst Ratings Changes
A number of brokerages have weighed in on PLTR. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Wednesday, May 6th. William Blair raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a research report on Tuesday, May 5th. Benchmark began coverage on Palantir Technologies in a research report on Wednesday, April 1st. They issued a “hold” rating for the company. Finally, Oppenheimer began coverage on Palantir Technologies in a research report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.76.
Check Out Our Latest Stock Report on PLTR
Hedge Funds Weigh In On Palantir Technologies
A number of institutional investors have recently made changes to their positions in the business. Summitry LLC increased its stake in shares of Palantir Technologies by 97.5% in the first quarter. Summitry LLC now owns 3,942 shares of the company’s stock worth $577,000 after purchasing an additional 1,946 shares during the period. WNY Asset Management LLC bought a new position in shares of Palantir Technologies in the first quarter worth about $288,000. Segall Bryant & Hamill LLC bought a new position in shares of Palantir Technologies in the first quarter worth about $350,000. Wellington Grp LLC increased its stake in shares of Palantir Technologies by 29.3% in the first quarter. Wellington Grp LLC now owns 4,451 shares of the company’s stock worth $651,000 after purchasing an additional 1,009 shares during the period. Finally, Verus Capital Partners LLC increased its stake in shares of Palantir Technologies by 4.2% in the first quarter. Verus Capital Partners LLC now owns 104,010 shares of the company’s stock worth $15,215,000 after purchasing an additional 4,209 shares during the period. 45.65% of the stock is currently owned by institutional investors.
About Palantir Technologies
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.
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