Palantir Technologies (NASDAQ:PLTR) Insider Jeffrey Buckley Sells 1,250 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Jeffrey Buckley sold 1,250 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. This trade represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, August 20th, Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65.
• On Thursday, June 11th, Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock. The stock was sold at an average price of $128.80, for a total value of $190,752.80.

Palantir Technologies Stock Performance

PLTR traded down $4.05 during trading on Monday, reaching $175.89. The company had a trading volume of 35,028,807 shares, compared to its average volume of 47,641,380. The firm’s 50-day simple moving average is $138.90 and its 200 day simple moving average is $140.69. The company has a market cap of $422.67 billion, a price-to-earnings ratio of 150.33, a PEG ratio of 2.54 and a beta of 1.59. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies’s revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. On average, sell-side analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Mizuho boosted their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Citigroup downgraded shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Roth Capital began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Finally, HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.19.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s artificial-intelligence platform continues to attract strong demand from U.S. commercial and government customers. Recent coverage highlights its modular sales model, expanding commercial business and strong government relationships as competitive advantages. PLTR vs. PATH: Which AI-Driven Software Stock is the Better Buy?
• Positive Sentiment: Optimistic analysts and commentators point to Palantir’s accelerating revenue, a reported Rule of 40 score of 155 and the possibility of further gains toward $250. The company’s latest quarter also featured revenue growth of nearly 93% year over year and earnings above consensus estimates. Prediction: Palantir Stock Will Hit $250 on This Date
• Positive Sentiment: Palantir’s reported profitability remains a major attraction: second-quarter net income was approximately $1.06 billion on $1.94 billion of revenue, implying a roughly 55% net margin. However, coverage notes that interest income and other non-operating factors contributed materially to that figure. Palantir Keeps 55 Cents of Every Revenue Dollar as Profit
• Neutral Sentiment: Palantir’s stock has risen about 46% in August following its earnings report, leading investors and analysts to debate whether its strong fundamentals justify buying after the rally. Technical coverage says the shares remain in or near a buy zone but suggests waiting for a better entry point. Palantir has been on a tear this year. Two numbers signal investors should protect their gains
• Negative Sentiment: Rising long-term Treasury yields are pressuring high-multiple growth stocks. With Palantir trading at a very rich earnings multiple, investors may be reassessing the valuation and the present value of its future profits. Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
• Negative Sentiment: Cathie Wood’s investment firm reportedly sold about $27.2 million of Palantir shares after the rally. The sale adds near-term supply and reinforces concerns that some investors are locking in gains at stretched valuations. Cathie Wood Dumps $27.2 Million of Palantir Stock After 43% Rally

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. BCGM Wealth Management LLC raised its position in shares of Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock valued at $374,000 after acquiring an additional 64 shares during the last quarter. CYBER HORNET ETFs LLC boosted its position in shares of Palantir Technologies by 1.2% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company’s stock worth $966,000 after purchasing an additional 65 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Palantir Technologies by 0.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,574 shares of the company’s stock worth $3,124,000 after purchasing an additional 67 shares during the last quarter. JDM Financial Group LLC grew its stake in shares of Palantir Technologies by 20.9% during the second quarter. JDM Financial Group LLC now owns 388 shares of the company’s stock worth $45,000 after purchasing an additional 67 shares during the period. Finally, Financial Partners Group Inc grew its stake in shares of Palantir Technologies by 1.8% during the fourth quarter. Financial Partners Group Inc now owns 3,802 shares of the company’s stock worth $676,000 after purchasing an additional 68 shares during the period. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

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.