Palantir Technologies (NASDAQ:PLTR) Insider Sells $197,190.00 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the sale, the insider directly owned 47,044 shares in the company, valued at $7,409,430. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeffrey Buckley also recently made the following trade(s):

• On Friday, November 21st, Jeffrey Buckley sold 300 shares of Palantir Technologies stock. The stock was sold at an average price of $156.25, for a total value of $46,875.00.
• On Thursday, November 20th, Jeffrey Buckley sold 2,365 shares of Palantir Technologies stock. The shares were sold at an average price of $163.99, for a total transaction of $387,836.35.
• On Friday, August 29th, Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00.

Palantir Technologies Price Performance

PLTR stock opened at $165.77 on Thursday. The stock has a market cap of $395.10 billion, a price-to-earnings ratio of 394.70, a P/E/G ratio of 6.34 and a beta of 2.63. The company has a 50 day simple moving average of $179.98 and a 200 day simple moving average of $159.20. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year 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 analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s revenue was up 62.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the second quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies in the 1st quarter worth about $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at about $27,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $27,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent research reports. Citigroup upped their target price on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. CICC Research upped their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. DA Davidson boosted their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, UBS Group raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently 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.