Palantir Technologies' chief accounting officer sells $1.61 million in stock

DENVER—Heather A. Planishek, the Chief Accounting Officer at Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), made significant stock sales this week, according to a recent SEC filing. The sale comes as Palantir's stock trades near its 52-week high of $118.66, having delivered an impressive 368% return over the past year. On February 11, Planishek sold a total of 13,891 shares of Class A Common Stock, amounting to approximately $1.61 million. The shares were sold at prices ranging from $113.03 to $118.22 per share. According to InvestingPro data, the company currently maintains a market capitalization of $268 billion and shows strong financial health metrics, though technical indicators suggest the stock is in overbought territory.

After these transactions, Planishek retains direct ownership of 512,006 shares. Additionally, she holds 8,130 shares indirectly as a custodian for a minor child under the Uniform Transfers to Minors Act in Colorado. These transactions were conducted under a Rule 10b5-1 trading plan, which was established in May 2024. With impressive gross profit margins of 80.25% and strong revenue growth, Palantir continues to attract investor attention, though current valuations suggest the stock is trading above its Fair Value based on comprehensive analysis available in the Pro Research Report.

In other recent news, Palantir Technologies has been the subject of several analyst revisions. The company's recent financial performance and 2025 guidance exceeded market expectations, despite falling short of the $4.5 billion target previously mentioned by CEO Alex Karp. However, this did not deter William Blair from maintaining an Underperform rating, citing concerns over the company's high valuation.

Conversely, Wedbush analysts increased their price target on Palantir shares to $120, reiterating an Outperform rating. They cited the company's role in the artificial intelligence revolution and praised the leadership of CEO Alex Karp. Similarly, BofA Securities analyst Mariana Perez Mora raised the price target to $125 while maintaining a Buy rating, reflecting a shift in valuation methodology focusing on a long-term outlook.

HSBC analysts also revised their price target, lifting it to $96.00 from $38.00, while keeping a Hold rating. This followed Palantir's release of its first-quarter results for 2025 and its full-year guidance, which surpassed both the consensus and HSBC's expectations. However, the analysts expressed concerns about the stock's high valuation.

In addition to these developments, Palantir's CEO Alex Karp is scheduled to host an 'ask me anything' session, anticipated to provide insights into the company's future plans and current operations. These recent events highlight the diverse perspectives among analysts regarding Palantir's financial outlook and valuation.

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