Palantir Technologies (NASDAQ:PLTR) Insider Sells $190,752.80 in Stock
by Kim Johansen · The Markets DailyPalantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares of the company’s stock, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeffrey Buckley also recently made the following trade(s):
- On Friday, May 22nd, Jeffrey Buckley sold 830 shares of Palantir Technologies stock. The shares were sold at an average price of $137.41, for a total transaction of $114,050.30.
- On Wednesday, May 20th, Jeffrey Buckley sold 1,712 shares of Palantir Technologies stock. The shares were sold at an average price of $136.04, for a total transaction of $232,900.48.
Palantir Technologies Price Performance
Shares of PLTR stock traded up $6.72 on Monday, hitting $134.71. The stock had a trading volume of 41,531,001 shares, compared to its average volume of 36,772,832. The business has a 50 day moving average of $139.26 and a 200 day moving average of $153.49. The stock has a market cap of $322.94 billion, a price-to-earnings ratio of 151.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. Palantir Technologies Inc. has a 12-month low of $122.68 and a 12-month high of $207.52.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 84.7% compared to the same quarter last year. As a group, research analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Mizuho decreased their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. UBS Group raised their price objective on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Friday, June 5th. Oppenheimer initiated coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price for the company. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $138.00 target price on shares of Palantir Technologies in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.
Check Out Our Latest Stock Analysis on Palantir Technologies
Palantir Technologies News Roundup
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Investors are bidding up Palantir on continued enthusiasm for AI software demand, with articles highlighting the company’s strong growth story and its positioning in AI security and analytics. Palantir Growth Story Stays Strong As AI Software Demand Expands
- Positive Sentiment: Coverage also notes that Palantir remains debt-free and is still producing solid financial results, which supports the bullish case that the company has the balance-sheet strength to keep investing in growth. Palantir (PLTR): Debt-Free AI Growth Shows Why Its Software Story Still Has Financial Firepower
- Positive Sentiment: Monday trading commentary says Palantir rose as investors piled into AI and cybersecurity-related names during a broad risk-on rally, suggesting sector momentum is helping the stock. Palantir Rises 5%, Cloudflare Pops 3% as Investors Pile Into AI Security Plays
- Neutral Sentiment: Several pieces simply note that Palantir is drawing heavy investor attention and searching interest, which reflects strong market focus but does not by itself change the fundamentals. Palantir Technologies Inc. (PLTR) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: One article frames Palantir as trading near its 52-week low and asks whether it is a buy, reinforcing that sentiment is still split even after strong long-term AI enthusiasm. Trading Near Its 52-Week Low, Is Palantir Technologies Stock a Buy?
- Negative Sentiment: Analysts and commentary also point to ongoing pressure from profit-taking and the stock’s weak year-to-date performance, suggesting some investors remain cautious after a big run-up and subsequent pullback. Palantir Wows Retail Traders With Q1 Revenue Beat And Guidance Hike, But Stock Drops Amid Profit-Taking
- Negative Sentiment: A separate report highlights a Swiss court defeat and broader European data-sovereignty and contract risks, which could weigh on sentiment around Palantir’s international expansion. Palantir Swiss Court Defeat Raises European Data Sovereignty And Contract Risks
Hedge Funds Weigh In On Palantir Technologies
Several hedge funds have recently bought and sold shares of PLTR. Milestone Asset Management LLC boosted its position in Palantir Technologies by 229.5% in the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after buying an additional 42,173 shares in the last quarter. VCI Wealth Management LLC increased its position in shares of Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after acquiring an additional 3,621 shares in the last quarter. 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. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $222,143,000. Finally, Jefferson Bridge Capital LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $1,322,000. Hedge funds and other 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.
Featured Articles
- Five stocks we like better than Palantir Technologies
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win