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

Palantir Technologies Inc. (NASDAQ:PLTR) insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the transaction, the insider directly owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were 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 transaction of $190,752.80.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $172.73 on Wednesday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The company has a market capitalization of $415.08 billion, a PE ratio of 147.63, a price-to-earnings-growth ratio of 2.49 and a beta of 1.59. The company has a fifty day moving average of $140.52 and a 200-day moving average of $141.05.

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, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 92.8% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. DA Davidson lifted their target price on shares of Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. BNP Paribas Exane initiated coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They set an “underperform” rating on the stock. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Finally, Cantor Fitzgerald started coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set an “overweight” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Truist Securities reiterated a Buy rating and a $223 price target, citing Palantir’s strong artificial-intelligence demand and continued growth potential. The company’s latest quarter included revenue of $1.94 billion, up nearly 93% year over year, and earnings above analysts’ expectations. Palantir Stock Has Rallied 40% Over the Past Month
• Positive Sentiment: Palantir’s Maven AI platform has reportedly become an official Pentagon “program of record.” That status could support recurring, long-term budget allocations and broaden adoption across U.S. military branches. Palantir’s Maven Is Now an Official Pentagon Program of Record
• Positive Sentiment: Recent bullish coverage highlights strong U.S. commercial and government demand, Palantir’s modular sales model and robust profitability. These factors have helped drive a gain of more than 40% over the past month. What’s Fueling Palantir’s Rally
• Neutral Sentiment: Analyst opinion remains generally favorable, with a reported consensus rating of Moderate Buy, but price targets vary widely. Investors are increasingly debating whether Palantir’s rapid growth can justify its valuation, which is above 140 times earnings. The Real Question Behind Palantir’s High Price
• Negative Sentiment: A reported loss of an $875 million contract has renewed concerns about competition, customer concentration and whether Palantir can sustain its growth rate. The development is particularly important because the stock’s valuation assumes continued execution. Palantir Lost an $875 Million Contract
• Negative Sentiment: Insiders, including CEO Alexander Karp, disclosed sales conducted under pre-arranged Rule 10b5-1 plans. Cathie Wood’s firm also reportedly sold approximately $27.2 million of PLTR after the rally, adding to near-term profit-taking pressure. Monster Insider Trading Alert for Palantir
• Negative Sentiment: Higher Treasury yields are weighing on expensive growth stocks by reducing the present value of future profits. Additional bearish commentary, including Michael Burry’s reported Palantir put positions, underscores concerns that the shares may be overvalued. Treasury Yields Are Surging Again

Hedge Funds Weigh In On Palantir Technologies

Hedge funds have recently made changes to their positions in the stock. Basepoint Wealth LLC bought a new position in Palantir Technologies during the 4th quarter worth approximately $29,000. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $31,000. Whipplewood Advisors LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth $32,000. Finally, Prudent Man Investment Management Inc. bought a new position in Palantir Technologies during the fourth quarter worth $35,000. 45.65% of the stock is currently owned by institutional investors.

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.