Stock Traders Buy Large Volume of Palantir Technologies Call Options (NASDAQ:PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) saw unusually large options trading on Friday. Investors purchased 878,632 call options on the stock. This represents an increase of 41% compared to the average daily volume of 625,289 call options.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 830 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $137.41, for a total value of $114,050.30. Following the completion of the sale, the insider directly owned 61,707 shares in the company, valued at $8,479,158.87. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, insider Shyam Sankar sold 165,514 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $87,444,607.44. This trade represents a 20.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 922,524 shares of company stock valued at $125,501,302. 9.53% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Milestone Asset Management LLC lifted its position in shares of 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 during the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Palantir Technologies by 26.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company’s stock valued at $10,680,000 after buying an additional 12,229 shares during the last quarter. VCI Wealth Management LLC lifted its position in shares of Palantir Technologies by 42.3% in the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after buying an additional 3,621 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Palantir Technologies by 135.3% during the third quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company’s stock worth $98,659,000 after purchasing an additional 310,942 shares during the period. Finally, Vanguard Group Inc. increased its stake 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 purchasing an additional 1,557,828 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $156.54 on Friday. The stock has a 50 day moving average price of $141.70 and a 200 day moving average price of $156.13. Palantir Technologies has a 52 week low of $118.93 and a 52 week high of $207.52. The stock has a market capitalization of $375.27 billion, a PE ratio of 175.89, a price-to-earnings-growth ratio of 2.27 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was up 84.7% compared to the same quarter last year. As a group, research analysts forecast that Palantir Technologies will post 1.18 EPS for the current year.

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a report on Tuesday, May 5th. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. Two investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average price target of $192.76.

Key Palantir Technologies News

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

• Positive Sentiment: Investors are bidding up PLTR after Dell’s blockbuster earnings helped validate Palantir’s AI Factory partnership, reinforcing confidence in enterprise AI spending and lifting software names broadly. PLTR Stock Alert: Why Palantir Is Getting a Boost from Dell Earnings
• Positive Sentiment: Strong demand for AI software is also supporting PLTR, with articles pointing to renewed optimism across the sector after Snowflake’s results and a broader rebound in software stocks. Palantir Stock Is Having Its Best Day in a Year. Software Looks Like a Buy Again.
• Positive Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, adding to momentum in the shares.
• Positive Sentiment: Several pieces highlighted improving technicals, including a possible structural bottom and trend reversal, which can attract momentum and algorithmic buyers. Palantir (PLTR) Price Forecast: Structural Bottom Signals Trend Reversal
• Neutral Sentiment: Analyst-related commentary noted upside potential from current price targets and recent earnings estimate revisions, but this is more supportive than a direct stock-moving catalyst. Does Palantir Technologies (PLTR) Have the Potential to Rally 35.91% as Wall Street Analysts Expect?

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.