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Alexandra W. Schiff, a director at Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), recently sold shares of the company’s Class A common stock in a series of transactions. The sales, executed on March 5, 2025, were part of a pre-arranged trading plan under Rule 10b5-1. The transaction comes as Palantir, now valued at $199.4 billion, has seen its stock surge 226% over the past year, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.
Schiff sold a total of 6,776 shares, generating approximately $587,010. The shares were sold in multiple open market transactions at prices ranging from $83.425 to $90.1283 per share. Following these transactions, Schiff retains direct ownership of 184,617 shares of Palantir Technologies. The company maintains impressive gross profit margins of 80% and has received a "GREAT" financial health score from InvestingPro, which offers 16 additional key insights about PLTR’s performance and outlook.
These transactions were carried out as part of a trading plan established on August 22, 2024, designed to comply with Rule 10b5-1, which allows insiders to set up a predetermined plan to sell stock. This provides a degree of protection against accusations of insider trading.
In other recent news, Palantir Technologies Inc. has begun delivering mobile battle stations to the US Army as part of a $178 million contract named Titan. This development marks a significant step for the company in its military collaboration, with the Titan system serving as a mobile hub for data analysis and intelligence gathering. In a separate venture, Palantir has partnered with TWG Global to enhance AI integration in the financial services sector, aiming to improve functions such as compliance and fraud detection. The partnership is poised to set a new standard for AI deployment in the industry.
Additionally, Palantir has entered a strategic partnership with EYSA to develop AI-driven mobility solutions, integrating its software to enhance sustainable mobility applications. In the financial sector, Palantir is collaborating with Societe Generale (OTC:SCGLY) to implement anti-financial crime technology, focusing on improving the bank’s defenses against money laundering and fraud. Despite these advancements, Jefferies has maintained an Underperform rating on Palantir, highlighting concerns over insider selling and high valuation multiples. Analyst Brent Thill noted the recent stock sales by Palantir’s CEO, which have raised questions about the company’s future prospects.
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