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Alexander Karp, CEO of Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), executed significant stock transactions recently, according to an SEC filing. The transactions come as Palantir maintains a "GREAT" financial health score according to InvestingPro analysis, with the stock delivering an impressive 490% return over the past year. On May 20 and 21, Karp sold a total of 390,417 shares of Palantir’s Class A common stock, generating approximately $50.4 million. The shares were sold at prices ranging from $125.26 to $127.71, with the current market capitalization standing at $284.6 billion. InvestingPro’s Fair Value analysis suggests the stock is currently trading above its estimated Fair Value.
These transactions were part of a series of automatic sales designed to cover tax obligations associated with the vesting of restricted stock units. Following these sales, Karp retains a substantial holding in Palantir, with over 6.4 million shares of Class A common stock still under his direct ownership.
The sales were executed in multiple open market transactions, reflecting the weighted average sale prices within the specified ranges. This activity highlights Karp’s ongoing management of his equity stake in the company while fulfilling tax-related obligations.
In other recent news, Palantir Technologies Inc. has reported its first-quarter earnings for 2025, surpassing analyst expectations by 2.5%. This outperformance was driven by a 10% exceedance in U.S. Commercial sector results and a 5% rise in total Government revenue compared to forecasts. Palantir’s revenue growth has been noted across several reports, with Loop Capital highlighting a 39% increase to $884 million, surpassing their estimates by $21 million. Despite these achievements, international commercial revenues fell short by 16%, posing challenges in Europe.
Analysts from Cantor Fitzgerald and UBS both raised their price targets for Palantir to $110, citing strong performance yet maintaining a Neutral rating due to valuation concerns. Meanwhile, RBC Capital remains cautious, maintaining an Underperform rating and a $40 price target, questioning the company’s growth potential and market differentiation. Loop Capital, however, increased its price target to $130 and reiterated a Buy rating, emphasizing Palantir’s robust fundamentals and strategic position in the AI market.
Additionally, Palantir has announced a strategic partnership with Divergent Technologies to integrate advanced manufacturing systems into its platforms, aiming to enhance on-demand production capabilities. This collaboration is expected to improve the production of aerospace, defense, and automotive structures, leveraging Divergent’s AI-powered system for efficient and cost-effective manufacturing.
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