Shyam Sankar Sells 35,000 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the sale, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shyam Sankar also recently made the following trade(s):

• On Thursday, July 2nd, Shyam Sankar sold 150,000 shares of Palantir Technologies stock. The shares were sold at an average price of $130.00, for a total transaction of $19,500,000.00.
• On Thursday, July 2nd, Shyam Sankar sold 35,000 shares of Palantir Technologies stock. The stock was sold at an average price of $130.00, for a total transaction of $4,550,000.00.
• On Wednesday, May 20th, Shyam Sankar sold 165,514 shares of Palantir Technologies stock. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $3.22 during mid-day trading on Monday, reaching $175.23. 57,148,590 shares of the company’s stock were exchanged, compared to its average volume of 45,973,112. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The firm has a market capitalization of $420.08 billion, a price-to-earnings ratio of 149.77, a PEG ratio of 2.45 and a beta of 1.59. The business’s fifty day moving average price is $131.76 and its 200-day moving average price is $139.70.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $0.16 earnings per share. Palantir Technologies’s quarterly revenue was up 92.8% on a year-over-year basis. Analysts predict that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

Key Stories Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Raised guidance reinforces the growth story. Palantir was identified as a Q2 earnings-season standout after raising its outlook. Articles indicate the guidance upgrade implies approximately $362 million of additional second-half revenue, helping investors reassess the company’s near-term earnings power. Q2 Earnings Season Standouts: 3 Companies Raising Guidance
• Positive Sentiment: AI-driven commercial momentum remains the main catalyst. Recent coverage highlights 93% year-over-year revenue growth, commercial revenue growth of 110%, government revenue growth of 79%, a 62% adjusted EBITDA margin, and $1.22 billion of free cash flow. Palantir’s open-weight model approach may also differentiate it from OpenAI and Anthropic by allowing customers to customize models on their own infrastructure and retain the resulting model weights. Palantir Q2: Karp Takes On The Two AI Labs
• Positive Sentiment: Analysts and investors remain bullish. Bank of America reportedly set a $255 price target, while other bullish research cited targets of $218 and $255. Coverage also points to a $13.1 billion backlog and substantial room to expand Palantir’s U.S. commercial business. BofA, JPMorgan, Oppenheimer Name Their Favorite AI Stocks
• Neutral Sentiment: Defense exposure is attracting attention. Palantir’s battlefield AI is reportedly helping the Pentagon accelerate target identification. However, the related missile shortage could benefit defense contractors such as Lockheed Martin and RTX more directly than Palantir. Palantir AI Boosts Pentagon Capabilities but Missile Shortage Benefits Contractors
• Negative Sentiment: Valuation and profit-taking are key risks. After a sharp rally, some investors have taken profits. Palantir trades at an elevated earnings multiple, so any slowdown in growth, weaker guidance, or margin pressure could trigger significant volatility. Michael Burry’s bearish AI positioning has also kept valuation concerns in focus. Palantir Stock Valuation Risk

Wall Street Analyst Weigh In

A number of analysts have commented on PLTR shares. Argus raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and issued a $230.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Northland Securities set a $200.00 target price on Palantir Technologies in a research report on Tuesday, August 4th. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued an “overweight” rating for the company. Finally, Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.73.

Institutional Trading of Palantir Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTR. Vanguard Group Inc. increased its position in shares of Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after acquiring an additional 1,557,828 shares in the last quarter. BlackRock Inc. lifted its position in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after acquiring an additional 757,322 shares in the last quarter. State Street Corp boosted its stake in Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after purchasing an additional 1,126,418 shares during the last quarter. Geode Capital Management LLC boosted its stake in Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after purchasing an additional 805,047 shares during the last quarter. Finally, Norges Bank bought a new stake in Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.