Palantir Technologies (NASDAQ:PLTR) Insider Shyam Sankar Sells 300,000 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Shyam Sankar sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $167.03, for a total value of $50,109,000.00. Following the completion of the transaction, the insider directly owned 857,616 shares in the company, valued at $143,247,600.48. The trade was a 25.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shyam Sankar also recently made the following trade(s):

• On Wednesday, November 11th, Shyam Sankar sold 84,680 shares of Palantir Technologies stock. The shares were sold at an average price of $175.07, for a total value of $14,824,927.60.

Palantir Technologies Stock Down 2.1%

Shares of Palantir Technologies stock traded down $3.59 during trading hours on Friday, reaching $167.99. 15,160,139 shares of the stock traded hands, compared to its average volume of 25,516,524. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The firm has a market capitalization of $403.69 billion, a price-to-earnings ratio of 117.48, a P/E/G ratio of 3.47 and a beta of 1.65. The company has a 50 day moving average price of $184.79 and a 200 day moving average price of $153.82.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The business’s quarterly revenue was up 95.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds have recently modified their holdings of PLTR. BlackRock Inc. increased its stake in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after buying an additional 757,322 shares in the last quarter. State Street Corp raised its holdings in Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares during the period. Bank of America Corp DE raised its holdings in Palantir Technologies by 28.7% during the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after acquiring an additional 4,201,852 shares during the period. Amundi raised its holdings in Palantir Technologies by 2.5% during the first quarter. Amundi now owns 16,410,400 shares of the company’s stock valued at $2,400,513,000 after acquiring an additional 398,093 shares during the period. Finally, Jennison Associates LLC purchased a new position in shares of Palantir Technologies in the first quarter valued at about $1,574,111,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $235.00 price target (up from $231.00) on shares of Palantir Technologies in a research report on Tuesday, November 3rd. Mizuho boosted their price objective on shares of Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Wolfe Research started coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Oppenheimer restated an “outperform” rating and issued a $235.00 price objective (up from $200.00) on shares of Palantir Technologies in a research note on Thursday, October 29th. Finally, Fubon started coverage on Palantir Technologies in a report on Tuesday, November 10th. They issued a “buy” rating and a $200.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $216.20.

Recent Palantir Technologies Headlines

Investors following PLTR have been watching these headlines:

• Positive Sentiment: Palantir’s Rule of 40 score reached 158% in Q3 2026, reflecting a combination of rapid revenue growth and stronger profitability. The company also reported 165% net dollar retention, supporting the case for continued customer expansion. Article: PLTR’s Rule of 40 Hits 158%
• Negative Sentiment: Valuation is a key concern: bearish commentary says the share price leaves little room for error, even given Palantir’s exceptional business growth. Investors may be demanding continued rapid growth to justify the premium. Article: Palantir: Exceptional Business, Unjustifiable Price
• Negative Sentiment: Investors are also focused on deceleration in contract-related growth indicators versus the previous quarter, which may raise questions about future demand. A planned sale of 84,680 shares by CTO Shyam Sankar—and another recent planned sale filing—could add to negative sentiment, though insider sales do not necessarily signal a lack of confidence. Article: Why Palantir Technologies Stock Is Down

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.