Palantir Technologies (NASDAQ:PLTR) Insider Sells $58,925,706.75 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Alexander Karp sold 359,325 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,054,825,989.42. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Palantir Technologies Stock Up 4.8%

Shares of NASDAQ PLTR traded up $7.40 during trading on Monday, reaching $162.25. 57,599,565 shares of the company traded hands, 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 stock has a market capitalization of $386.71 billion, a PE ratio of 386.32, a P/E/G ratio of 6.00 and a beta of 2.63. The firm has a 50 day simple moving average of $180.17 and a 200-day simple moving average of $158.83.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping 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 firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The business’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, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Palantir Technologies

A number of large investors have recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $450,000. Bison Wealth LLC lifted 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 worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC grew its stake in shares of Palantir Technologies by 38.0% during 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 in the last quarter. Assetmark Inc. lifted its position in shares of Palantir Technologies by 775.0% during the 1st quarter. Assetmark Inc. now owns 10,421 shares of the company’s stock worth $880,000 after buying an additional 9,230 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in shares of Palantir Technologies by 8.4% during the first quarter. HB Wealth Management LLC now owns 61,892 shares of the company’s stock worth $5,224,000 after purchasing an additional 4,822 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. UBS Group upped their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Wall Street Zen raised shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Palantir Technologies in a report on Monday, November 17th. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average 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.