Palantir Technologies (NASDAQ:PLTR) Insider Ryan Taylor Sells 17,761 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Ryan Taylor sold 17,761 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction 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 $47,509,378.91. The trade was a 5.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Palantir Technologies Price Performance

NASDAQ:PLTR 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. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The company’s 50 day moving average price is $180.17 and its 200-day moving average price is $158.83. The stock has a market capitalization of $386.71 billion, a price-to-earnings ratio of 386.32, a PEG ratio of 6.00 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion for 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 firm earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies during the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the 1st quarter valued at about $27,000. Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies during the second quarter worth about $27,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on PLTR. Piper Sandler lifted their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada upped 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. Wall Street Zen upgraded Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Robert W. Baird upped their target price on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.