Palantir Technologies (NASDAQ:PLTR) Insider Sells $2,912,626.39 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Ryan Taylor sold 17,761 shares of the business’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 $2,912,626.39. Following the completion of the transaction, the insider directly owned 289,709 shares of the company’s stock, valued at approximately $47,509,378.91. This trade represents a 5.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Palantir Technologies Trading Up 4.8%

PLTR stock traded up $7.40 during mid-day trading on Monday, hitting $162.25. The stock had a trading volume of 57,599,565 shares, compared to its average volume of 64,838,592. The firm has a fifty day simple moving average of $180.17 and a 200 day simple moving average of $158.83. The firm has a market capitalization of $386.71 billion, a P/E ratio of 386.32, a P/E/G ratio of 6.00 and a beta of 2.63. Palantir Technologies Inc. has a 52 week low of $63.40 and a 52 week high of $207.52.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PLTR shares. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Citigroup lifted their price target on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Jefferies Financial Group restated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Mizuho lifted their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada raised their target price on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 4th. Five equities research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $172.28.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at about $450,000. Bison Wealth LLC boosted its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC grew its holdings in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after purchasing an additional 4,722 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Palantir Technologies by 775.0% during the 1st quarter. Assetmark Inc. now owns 10,421 shares of the company’s stock valued at $880,000 after purchasing an additional 9,230 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 8.4% during the 1st quarter. HB Wealth Management LLC now owns 61,892 shares of the company’s stock valued at $5,224,000 after purchasing an additional 4,822 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

About Palantir Technologies

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.