Insider Selling: Palantir Technologies Inc. (NYSE:PLTR) Insider Sells 638,629 Shares of Stock

Palantir Technologies Inc. (NYSE:PLTR) insider Alexander C. Karp sold 638,629 shares of the stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $24.42, for a total value of $15,595,320.18. Following the completion of the transaction, the insider now directly owns 7,070,887 shares of the company’s stock, valued at $172,671,060.54. The sale was disclosed in a filing with the SEC, which is available through this link.

Alexander C. Karp also recently made the following trade(s):

  • On Tuesday, March 30th, Alexander C. Karp sold 237,779 shares of Palantir Technologies stock. The stock was sold at an average price of $21.68, for a total value of $5,155,048.72.

Shares of NYSE:PLTR opened at $24.14 on Friday. Palantir Technologies Inc. has a one year low of $8.90 and a one year high of $45.00. The firm’s fifty day moving average is $22.39. The firm has a market cap of $45.30 billion and a P/E ratio of 127.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.88 and a quick ratio of 3.88.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Tuesday, May 11th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $341.20 million for the quarter, compared to analyst estimates of $332.22 million. The company’s revenue was up 48.8% on a year-over-year basis. As a group, research analysts expect that Palantir Technologies Inc. will post 0.08 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on PLTR shares. Jefferies Financial Group decreased their price objective on Palantir Technologies from $40.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, May 12th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on Palantir Technologies from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, February 17th. They noted that the move was a valuation call. Royal Bank of Canada decreased their price target on Palantir Technologies from $27.00 to $20.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 12th. Credit Suisse Group initiated coverage on Palantir Technologies in a research note on Tuesday, March 16th. They set an “underperform” rating and a $20.00 price target for the company. Finally, Wolfe Research decreased their price target on Palantir Technologies from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, May 12th. They noted that the move was a valuation call. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $21.44.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Disruptive Technology Advisers LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at $965,814,000. BlackRock Inc. lifted its holdings in shares of Palantir Technologies by 13.8% in the fourth quarter. BlackRock Inc. now owns 33,350,543 shares of the company’s stock valued at $785,406,000 after purchasing an additional 4,051,396 shares in the last quarter. Founders Fund Ill Management LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at $515,195,000. Founders Fund II Management LLC lifted its holdings in shares of Palantir Technologies by 51,508.5% in the first quarter. Founders Fund II Management LLC now owns 21,302,448 shares of the company’s stock valued at $496,134,000 after purchasing an additional 21,261,171 shares in the last quarter. Finally, ARK Investment Management LLC lifted its holdings in shares of Palantir Technologies by 1,314.6% in the first quarter. ARK Investment Management LLC now owns 18,632,471 shares of the company’s stock valued at $433,950,000 after purchasing an additional 17,315,349 shares in the last quarter. Institutional investors own 15.81% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

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Insider Buying and Selling by Quarter for Palantir Technologies (NYSE:PLTR)

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