Palantir Technologies (NASDAQ:PLTR) Insider Sells $46,875.00 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Jeffrey Buckley sold 300 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $46,875.00. Following the sale, the insider owned 48,296 shares of the company’s stock, valued at approximately $7,546,250. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, November 24th, Jeffrey Buckley sold 1,252 shares of Palantir Technologies stock. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00.
• 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 stock was sold at an average price of $157.00, for a total value of $440,071.00.

Palantir Technologies Trading Up 1.4%

PLTR stock opened at $165.77 on Thursday. The firm has a market cap of $395.10 billion, a PE ratio of 394.70, a price-to-earnings-growth ratio of 6.34 and a beta of 2.63. The stock has a 50-day moving average price of $179.98 and a 200-day moving average price 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 released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations 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 quarter last 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, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in PLTR. KERR FINANCIAL PLANNING Corp acquired a new position in Palantir Technologies during the 3rd quarter valued at about $1,996,000. Kimelman & Baird LLC bought a new position in shares of Palantir Technologies in the third quarter valued at approximately $55,000. Opes Wealth Management LLC boosted its position in shares of Palantir Technologies by 6.7% during the third quarter. Opes Wealth Management LLC now owns 2,859 shares of the company’s stock valued at $522,000 after buying an additional 179 shares during the last quarter. Graybill Wealth Management LTD. bought a new stake in Palantir Technologies during the third quarter worth $255,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Palantir Technologies in the 3rd quarter valued at $88,779,000. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLTR. Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Mizuho raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Bank of America upped their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Loop Capital boosted their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $172.28.

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.