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

Palantir Technologies Inc. (NASDAQ:PLTR) insider Ryan Taylor sold 2,252 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 value of $351,875.00. Following the sale, the insider owned 287,457 shares of the company’s stock, valued at approximately $44,915,156.25. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Palantir Technologies Price Performance

PLTR traded up $7.40 on Monday, hitting $162.25. The company had a trading volume of 57,599,565 shares, compared to its average volume of 64,838,592. The company’s fifty day moving average price is $180.17 and its 200 day moving average price is $158.83. Palantir Technologies Inc. has a 1-year low of $63.40 and a 1-year high of $207.52. The stock has a market cap of $386.71 billion, a price-to-earnings ratio of 386.32, a price-to-earnings-growth 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 for the quarter, beating 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 net margin of 28.11% and a return on equity of 15.48%. The firm’s revenue was up 62.8% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald raised their price target on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Palantir Technologies in a research note on Monday, November 17th. CICC Research lifted their price target on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Finally, The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $172.28.

Institutional Trading of Palantir Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in PLTR. Vanguard Group Inc. raised its stake in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the period. Truist Financial Corp raised its holdings in shares of Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after purchasing an additional 21,809 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after purchasing an additional 12,300 shares during the last quarter. Presilium Private Wealth LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at about $204,000. Finally, New Century Financial Group LLC bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $228,000. 45.65% of the stock is currently owned by institutional investors.

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.