Palantir Technologies (NASDAQ:PLTR) Insider Sells $86,057,506.92 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.

Palantir Technologies Stock Up 2.8%

Shares of PLTR opened at $177.50 on Thursday. The business’s fifty day moving average is $141.46 and its 200 day moving average is $141.39. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The stock has a market cap of $426.54 billion, a P/E ratio of 151.71, a P/E/G ratio of 2.44 and a beta of 1.59.

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

Analysts Set New Price Targets

PLTR has been the subject of several analyst reports. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Wednesday, May 6th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set an “overweight” rating on the stock. Wedbush started coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They set an “outperform” rating on the stock. Finally, DA Davidson increased their target price on shares of Palantir Technologies from $175.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $192.19.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently bought and sold shares of PLTR. BCGM Wealth Management LLC raised its position in Palantir Technologies by 2.0% in the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock worth $374,000 after purchasing an additional 64 shares during the period. CYBER HORNET ETFs LLC boosted its position in shares of Palantir Technologies by 1.2% during the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company’s stock valued at $966,000 after buying an additional 65 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of Palantir Technologies by 0.4% during the fourth quarter. Verdence Capital Advisors LLC now owns 17,574 shares of the company’s stock valued at $3,124,000 after buying 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 valued at $45,000 after buying an additional 67 shares during the last quarter. Finally, Financial Partners Group Inc lifted its position 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 last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies News Summary

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

• Positive Sentiment: William Blair reiterated a Buy rating, citing Palantir’s Maven smart-system program, which the firm believes is on track to reach $1 billion in annual recurring revenue. The analyst also sees potential support from renewed defense spending and a possible return toward the low-$200s. William Blair Maven analysis
• Positive Sentiment: Maven’s designation as an official Pentagon program of record could provide more durable, multi-year budget support as the platform expands across the military. That status strengthens the long-term government revenue outlook. Palantir Maven Pentagon program
• Positive Sentiment: The stock’s recent advance is being supported by its latest “blowout” quarter: revenue rose 92.8% year over year to $1.94 billion, while adjusted earnings of $0.41 per share exceeded the $0.34 consensus estimate. Strong commercial demand, government relationships and Palantir’s AI platform remain central to the bullish thesis. Palantir rally analysis
• Neutral Sentiment: Options activity around the September 18 expiration is unusually heavy, suggesting traders expect another significant move. This may increase volatility without establishing a clear fundamental direction. Palantir September options analysis
• Negative Sentiment: CEO Alexander Karp sold approximately $86.1 million of shares, while other insiders also reported sales. The transactions were made under pre-arranged Rule 10b5-1 plans and partly covered tax obligations, but the timing may reinforce concerns that executives are monetizing the sharp rally. Alexander Karp stock sale
• Negative Sentiment: Michael Burry has added to his Palantir short position, arguing that the company’s valuation is difficult to justify. With PLTR trading at roughly 150 times earnings after a gain of more than 40% in a month, analysts and investors remain divided over whether future growth can support the price. Michael Burry Palantir short position

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.