Palantir Technologies (NASDAQ:PLTR) Insider Sells 2,252 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Ryan Taylor sold 2,252 shares of Palantir Technologies stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $351,875.00. Following the completion of the transaction, the insider directly owned 287,457 shares of the company’s stock, valued at $44,915,156.25. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded up $7.40 during trading hours on Monday, hitting $162.25. 57,599,565 shares of the company’s stock traded hands, compared to its average volume of 64,838,592. The business has a fifty day moving average price of $180.17 and a 200-day moving average price of $158.83. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52. The firm has a market capitalization of $386.71 billion, a P/E ratio of 386.32, a price-to-earnings-growth ratio of 6.00 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $0.10 earnings per share. 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, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after acquiring an additional 8,168,604 shares in the last quarter. State Street Corp grew its stake in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after buying an additional 6,777,771 shares during the period. Norges Bank acquired a new position in Palantir Technologies during the 2nd quarter worth approximately $3,307,457,000. Invesco Ltd. increased its position in shares of Palantir Technologies by 5.9% during the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock worth $3,976,534,000 after acquiring an additional 1,213,529 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Palantir Technologies by 3.8% during the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock worth $3,846,957,000 after purchasing an additional 769,238 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. 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 report on Tuesday, November 4th. Robert W. Baird upped their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group increased their price objective on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. DA Davidson increased their price target on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen upgraded Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.