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Alexander D. Moore, a director at Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), has recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Moore sold shares of Class A common stock totaling approximately $1.74 million. The sale comes as Palantir’s stock has shown remarkable performance, with a 244% return over the past year and a current market capitalization of $210.54 billion.
The transactions occurred on March 3, 2025, and involved multiple sales at prices ranging from $83.10 to $90.21 per share. Following these transactions, Moore retains ownership of 1,390,930 shares of Palantir Technologies. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with notably high earnings and revenue multiples.
These sales were conducted under a Rule 10b5-1 trading plan, which allows insiders of publicly traded corporations to set up a predetermined plan to sell company stock, helping to avoid accusations of insider trading. The plan was established on November 22, 2024. For deeper insights into Palantir’s valuation metrics and insider trading patterns, InvestingPro subscribers can access comprehensive analysis and 20 additional ProTips about the company’s performance and outlook.
In other recent news, Palantir Technologies Inc. has announced a joint venture with TWG Global to integrate artificial intelligence across the financial services sector. This collaboration aims to enhance functions such as compliance, fraud detection, and risk monitoring. Additionally, Palantir has implemented its Anti Financial Crime technology at Societe Generale (OTC:SCGLY) to combat money laundering and fraud. Meanwhile, Jefferies has maintained an Underperform rating on Palantir, highlighting concerns over insider selling patterns and high valuation multiples. In contrast, Morgan Stanley (NYSE:MS) has reaffirmed an Overweight rating, setting a price target of $115, indicating a positive outlook on Palantir’s guidance and growth potential.
Palantir also announced the return of Jeffrey Buckley as Chief Accounting Officer, following a brief interim period under CFO David Glazer. Buckley, who previously held the position, brings extensive experience from his roles at Zynga (NASDAQ:ZNGA) and Human Interest. This move is part of Palantir’s efforts to strengthen its financial leadership team. These developments reflect Palantir’s strategic initiatives and ongoing adjustments in its executive team to align with its growth objectives.
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