Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the transaction, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. The trade was a 3.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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, August 21st, Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50.
- On Thursday, June 11th, Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80.
Palantir Technologies Trading Down 2.3%
Shares of Palantir Technologies stock traded down $4.05 on Monday, hitting $175.89. 35,028,807 shares of the company traded hands, compared to its average volume of 47,641,380. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The company has a market cap of $422.67 billion, a P/E ratio of 150.33, a P/E/G ratio of 2.54 and a beta of 1.59. The firm’s 50-day simple moving average is $138.90 and its 200 day simple moving average is $140.69.
Institutional Investors Weigh In On Palantir Technologies
A number of large investors have recently added to or reduced their stakes in the company. BCGM Wealth Management LLC lifted its stake in Palantir Technologies by 2.0% in the second quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock worth $374,000 after acquiring an additional 64 shares during the period. CYBER HORNET ETFs LLC increased its position in Palantir Technologies by 1.2% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company’s stock valued at $966,000 after purchasing an additional 65 shares during the period. Verdence Capital Advisors LLC raised its holdings in Palantir Technologies by 0.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,574 shares of the company’s stock worth $3,124,000 after purchasing an additional 67 shares in the last quarter. JDM Financial Group LLC raised its holdings in Palantir Technologies by 20.9% in the 2nd quarter. JDM Financial Group LLC now owns 388 shares of the company’s stock worth $45,000 after purchasing an additional 67 shares in the last quarter. Finally, Financial Partners Group Inc lifted its position in shares of Palantir Technologies by 1.8% in the 4th quarter. Financial Partners Group Inc now owns 3,802 shares of the company’s stock worth $676,000 after purchasing an additional 68 shares during the period. Institutional investors own 45.65% of the company’s stock.
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir’s artificial-intelligence platform continues to attract strong demand from U.S. commercial and government customers. Recent coverage highlights its modular sales model, expanding commercial business and strong government relationships as competitive advantages. PLTR vs. PATH: Which AI-Driven Software Stock is the Better Buy?
- Positive Sentiment: Optimistic analysts and commentators point to Palantir’s accelerating revenue, a reported Rule of 40 score of 155 and the possibility of further gains toward $250. The company’s latest quarter also featured revenue growth of nearly 93% year over year and earnings above consensus estimates. Prediction: Palantir Stock Will Hit $250 on This Date
- Positive Sentiment: Palantir’s reported profitability remains a major attraction: second-quarter net income was approximately $1.06 billion on $1.94 billion of revenue, implying a roughly 55% net margin. However, coverage notes that interest income and other non-operating factors contributed materially to that figure. Palantir Keeps 55 Cents of Every Revenue Dollar as Profit
- Neutral Sentiment: Palantir’s stock has risen about 46% in August following its earnings report, leading investors and analysts to debate whether its strong fundamentals justify buying after the rally. Technical coverage says the shares remain in or near a buy zone but suggests waiting for a better entry point. Palantir has been on a tear this year. Two numbers signal investors should protect their gains
- Negative Sentiment: Rising long-term Treasury yields are pressuring high-multiple growth stocks. With Palantir trading at a very rich earnings multiple, investors may be reassessing the valuation and the present value of its future profits. Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Negative Sentiment: Cathie Wood’s investment firm reportedly sold about $27.2 million of Palantir shares after the rally. The sale adds near-term supply and reinforces concerns that some investors are locking in gains at stretched valuations. Cathie Wood Dumps $27.2 Million of Palantir Stock After 43% Rally
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Jefferies Financial Group restated an “underperform” rating and set a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Wolfe Research assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating on the stock. Piper Sandler reissued an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Cantor Fitzgerald began coverage on Palantir Technologies in a report on Tuesday, August 4th. They set an “overweight” rating for the company. Finally, President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.19.
View Our Latest Stock Report on Palantir Technologies
Palantir Technologies Company Profile
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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