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Alexander D. Moore, a director at Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), has sold a substantial portion of the company’s Class A Common Stock. According to a recent SEC filing, Moore sold shares amounting to approximately $1.63 million. The transactions were executed on February 3, 2025, with sale prices ranging from $79.24 to $84.02 per share. The stock has since continued its impressive rally, now trading at $101.36, marking a 34% gain year-to-date and an extraordinary 363% return over the past year.
This series of transactions involved multiple open market sales, conducted under a Rule 10b5-1 trading plan established on November 30, 2023. Following these sales, Moore retains ownership of 1,410,630 shares of Palantir’s Class A Common Stock in the company, which now commands a market capitalization of $228.42 billion.
Investors often scrutinize such transactions to gauge insider sentiment and potential future performance of the company. Palantir Technologies, headquartered in Denver, is known for its data analytics software and services. According to InvestingPro, the stock appears overvalued at current levels, with 23 additional exclusive insights available for subscribers seeking deeper analysis of this high-momentum tech stock.
In other recent news, Palantir Technologies Inc. has been making waves with its revenue and operating income surpassing market expectations, causing a flurry of activity among analysts. Despite an Underperform rating from William Blair due to valuation concerns, Palantir’s 2025 revenue forecast of $3.75 billion exceeds the consensus estimate, although it falls short of the $4.5 billion target set by CEO Alex Karp.
Wedbush analysts have increased their price target on Palantir to $120, reiterating an Outperform rating on the stock. They highlighted the company’s role in advancing the artificial intelligence revolution and praised the leadership of CEO Alex Karp. Similarly, BofA Securities analyst Mariana Perez Mora has raised the price target to $125, reaffirming a Buy rating, and focusing on a long-term outlook.
HSBC analysts have also revised their price target on Palantir, lifting it to $96.00, while maintaining a Hold rating. They noted the company’s strong operating profit margin and robust guidance, however, they also expressed concerns about the stock’s high valuation. Lastly, Mizuho (NYSE:MFG) Securities has raised its price target to $80, while continuing to recommend an Underperform rating. Despite acknowledging Palantir’s impressive results, they expressed difficulty in justifying the company’s high multiple.
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