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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 Palantir’s Class A Common Stock on April 1, 2025. The sales were executed at prices ranging from $82.726 to $85.185 per share, resulting in a total transaction value of approximately $1.68 million. The transaction comes as Palantir’s stock has seen remarkable gains, with a 271.89% return over the past year. According to InvestingPro analysis, the company currently appears overvalued relative to its Fair Value.
These transactions were carried out under a Rule 10b5-1 trading plan, which Moore established on November 22, 2024. Following these transactions, Moore retains direct ownership of 1,370,630 shares of Palantir stock.
Palantir Technologies, a prominent player in the software industry, continues to attract attention from investors and analysts alike. The recent sale by Moore is a part of his ongoing trading activity, as outlined in his trading plan.
In other recent news, Oracle Corporation (NYSE:ORCL) experienced a setback as the US Department of Defense canceled its plan to use Oracle’s software for managing its civilian workforce. This decision, part of the Pentagon’s cost-cutting efforts, affects Oracle’s potential future earnings. The project, initially selected in 2019, was significantly over budget and behind schedule, leading to its termination. Meanwhile, Palantir Technologies is involved in several new partnerships and initiatives. The company announced a strategic collaboration with Everfox to enhance software solutions in classified network environments, aiming to improve defense operations. Additionally, Palantir has partnered with R1 to create an AI lab focused on reducing healthcare costs by automating revenue cycle management processes. In terms of analyst ratings, Goldman Sachs maintained a Neutral rating for Palantir, while William Blair reiterated a Market Perform rating. These developments reflect ongoing strategic moves and partnerships by Palantir, as well as the challenges faced by Oracle in the defense sector.
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