DoD tests AI models that make it easy to switch from vendors like Palantir
Shyam Sankar, Chief Technology Officer and Executive Vice President of Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), executed a series of stock transactions on June 10, 2025. According to a recent SEC filing, Sankar sold a total of 404,000 shares of Palantir’s Class A Common Stock, generating approximately $53.49 million. The sales occurred at prices ranging from $130.12 to $133.7346 per share. The transaction comes as Palantir’s stock trades near its 52-week high of $140, with the company’s market capitalization reaching approximately $318 billion. According to InvestingPro data, the stock has delivered an impressive 481% return over the past year.
These transactions were part of a pre-existing Rule 10b5-1 trading plan, established in March 2025. The plan included exercising 375,000 vested Class B Common Stock options, converting them into Class A Common Stock, and selling them in the open market. Following these transactions, Sankar holds 702,786 shares directly. Additionally, he is a co-trustee of the Sankar Irrevocable Remainder Trust, which holds 749,899 shares indirectly. InvestingPro analysis indicates the company maintains strong financial health with impressive gross profit margins of 80% and operates with moderate debt levels. For comprehensive insights into Palantir’s valuation and 20+ additional ProTips, explore the detailed Pro Research Report available on InvestingPro.
In other recent news, Palantir Technologies Inc. has reported several significant developments. Loop Capital has raised its price target for Palantir to $155, maintaining a Buy rating, citing the company’s leadership in enterprise AI and its potential for growth in the AI market. Meanwhile, Mizuho (NYSE:MFG) has increased its price target to $116 due to strong execution but continues to rate the stock as Underperform, indicating concerns about its valuation despite positive performance. Citi has reiterated a neutral rating with a $115 price target, noting Palantir’s optimistic outlook on its Artificial Intelligence Platform, particularly in financial services, but expressing caution over valuation challenges.
Additionally, Palantir is advocating for a federal data privacy law, emphasizing the need for comprehensive regulation to protect civil liberties while supporting technological innovation. This comes as the company faces scrutiny over its federal contracts, which it has defended against allegations of centralizing government data. In another strategic move, Palantir has partnered with Italian paper manufacturer Fedrigoni to enhance its digital transformation efforts, focusing on stock optimization and demand forecasting through advanced AI technology.
These developments highlight Palantir’s ongoing efforts to expand its influence in the AI and data privacy sectors while navigating complex regulatory and market dynamics.
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