OpenAI to produce its own AI chip with Broadcom from 2026- FT
DENVER—Alexander D. Moore, a director at Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Moore sold a total of 20,000 shares of Class A Common Stock on January 2, 2025. The sales were executed at prices ranging from $73.15 to $75.85, amounting to approximately $1.49 million. The sale comes as PLTR shares have surged over 375% in the past year, with InvestingPro analysis indicating the stock is currently trading above its Fair Value.
Following these transactions, Moore retains ownership of 1,430,630 shares in the company. The sales were conducted as part of a pre-arranged trading plan, established in compliance with Rule 10b5-1, which allows insiders to set up a trading plan for selling stocks they own.
Palantir Technologies, based in Denver, is known for its data analytics software and services. The company has been a notable player in the technology sector, providing solutions to both commercial and government clients. According to InvestingPro data, Palantir maintains impressive gross profit margins of 81.1% and receives a "GREAT" financial health score. The company has shown strong revenue growth of 24.5% over the last twelve months. For deeper insights into Palantir's financial health and growth prospects, investors can access 20 additional ProTips and a comprehensive Pro Research Report through InvestingPro.
In other recent news, Palantir Technologies has been the focus of several significant developments. Morgan Stanley (NYSE:MS) analysts downgraded Palantir to an Underweight rating due to concerns over the company's valuation. Despite a positive shift in growth and an improved assessment of Palantir's position in the AI sector, the firm suggests that the stock is trading ahead of Palantir's intrinsic value. On the other hand, Wedbush maintained an Outperform rating, highlighting Palantir's strong positioning in the rapidly growing AI market and its potential to evolve into a company comparable to Oracle (NYSE:ORCL) in the next decade.
UBS analyst Karl Keirstead initiated coverage on Palantir with a Neutral rating, citing a very positive outlook on the company's fundamentals and revenue growth projections for 2025/2026. However, the company's current valuation was a factor in the neutral stance. In contrast, William Blair analysts have maintained an underperform rating on Palantir due to concerns about the company's revenue projections, suggesting that Palantir will fall short of its $4.5 billion revenue target by over $700 million.
Palantir has secured an extended partnership with the U.S. Army, valued at approximately $400.7 million, reinforcing its role in providing data analytics solutions to the military sector. The company has also announced its first group of partners for its Warp Speed initiative aimed at advancing American manufacturing through artificial intelligence and technology. Furthermore, Palantir has partnered with Pray.com to enhance its language translation capabilities using Palantir's Ontology Software (ETR:SOWGn) Development Kit. These are the recent developments involving Palantir Technologies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.