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DENVER—On May 1, Alexander D. Moore, a director at Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), sold a significant portion of his holdings in the company. According to a recent SEC filing, Moore sold a total of 20,000 shares of Palantir’s Class A Common Stock. The sale comes as Palantir trades near its 52-week high of $125.41, with the stock showing remarkable momentum, having gained over 390% in the past year.
The transactions took place at prices ranging from $117.26 to $120.10 per share, resulting in total sales of approximately $2.37 million. The sales were executed in multiple open market transactions as part of a pre-established Rule 10b5-1 trading plan, which Moore entered into on November 22, 2024. With a current market capitalization of $291 billion and trading at high valuation multiples, InvestingPro analysis indicates the stock appears overvalued relative to its Fair Value.
Following these transactions, Moore now holds 1,350,630 shares directly. The sales were carried out in three separate batches, with the shares sold at weighted average prices of $117.9302, $118.6859, and $119.4857, respectively.
These transactions provide insight into the trading activities of Palantir’s insiders, often closely monitored by investors for signals on the company’s future outlook.
In other recent news, Palantir Technologies Inc. announced impressive financial results for the first quarter of 2025, with revenue increasing 39% year-over-year to $884 million, aligning with an earnings per share forecast of $0.13. The company’s U.S. revenue saw a significant surge of 55%, driven by a 71% rise in U.S. commercial revenue. Despite these strong figures, Palantir’s stock experienced a decline of 8.31% in after-hours trading, reflecting investor concerns about future growth prospects. The company has raised its full-year revenue guidance to between $3.890 billion and $3.902 billion, anticipating continued strength in U.S. commercial revenue. Palantir’s focus on AI and enterprise autonomy remains a key driver of its growth strategy. Additionally, the company has been highlighted in various earnings calls from companies like Citibank and BP (NYSE:BP), showcasing the transformative impact of its AI Platform. Palantir’s government sector also reported robust growth, with U.S. government revenue increasing by 45% year-over-year.
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