Functional Brands closes $8 million private placement and completes Nasdaq listing
Director Alexander D. Moore of Palantir Technologies Inc (NYSE:PLTR) sold 19,990 shares of Class A Common Stock on November 3, 2025, for approximately $4.09 million. The sales were executed in multiple transactions with prices ranging from $202.6273 to $206.6015. The stock has retreated to $187.9 since the transaction, though it remains near its 52-week high of $207.52. According to InvestingPro analysis, Palantir appears significantly overvalued at current levels despite its impressive 238% return over the past year.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan, adopted on November 22, 2024. Following the transactions, Moore directly owns 1,232,978 shares of Palantir Technologies Inc , representing a small fraction of the company’s $448.56 billion market cap. Palantir has maintained strong financial health with a "GREAT" overall score from InvestingPro, which offers a comprehensive Pro Research Report on PLTR among 1,400+ US equities.
In other recent news, Palantir Technologies Inc. reported impressive third-quarter 2025 results with revenue of $1.181 billion, marking a 63% year-over-year growth and surpassing consensus estimates by about 10%. The company achieved an adjusted operating income of $601 million with a 51% margin and an adjusted free cash flow of $540 million with a 46% margin. Following these results, several analysts have adjusted their price targets for Palantir. DA Davidson raised its price target to $215, citing accelerated revenue growth driven by strong U.S. demand for AI solutions. Cantor Fitzgerald increased its target to $198, noting a record guidance beat. Meanwhile, Goldman Sachs adjusted its target to $188, highlighting revenue 8% above Street expectations and an EBIT margin significantly higher than anticipated. In addition to these financial developments, Palantir has entered into a joint venture with Dubai Holding called Aither, aimed at enhancing AI capabilities in Dubai’s public and private sectors. This partnership formalizes 18 months of collaboration, impacting areas like real estate, hospitality, finance, and infrastructure.
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