Palantir Technologies (NASDAQ:PLTR) Insider Alexander Karp Sells 359,325 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Alexander Karp sold 359,325 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,054,825,989.42. This trade represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Palantir Technologies Stock Performance

Shares of PLTR stock traded up $7.40 during trading hours on Monday, hitting $162.25. 57,599,565 shares of the company were exchanged, compared to its average volume of 64,838,592. The business’s 50-day simple moving average is $180.17 and its two-hundred day simple moving average is $158.83. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The stock has a market capitalization of $386.71 billion, a price-to-earnings ratio of 386.32, a P/E/G ratio of 6.00 and a beta of 2.63.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PLTR. Deutsche Bank Aktiengesellschaft upped their target price on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Citigroup increased their price target on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. DA Davidson upped their target price on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Palantir Technologies in a report on Monday, November 17th. 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $172.28.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently made changes to their positions in PLTR. Vanguard Group Inc. grew its position in shares of Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. Truist Financial Corp increased its position in shares of Palantir Technologies by 4.2% during the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after purchasing an additional 21,809 shares during the last quarter. State of Michigan Retirement System boosted its position in Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after buying an additional 12,300 shares during the period. Presilium Private Wealth LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at approximately $204,000. Finally, New Century Financial Group LLC bought a new position in shares of Palantir Technologies during the second quarter valued at about $228,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.