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Taylor Ryan D., an officer at Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), executed several stock transactions on March 31, 2025, according to a recent SEC filing. The transactions, which were part of a pre-established trading plan, involved the sale of 102,177 shares of Palantir’s Class A Common Stock. The sales were conducted at prices ranging from $79.43 to $84.26 per share, totaling approximately $8.13 million. The stock, currently trading at $87.42, has seen remarkable growth with a 285% return over the past year, according to InvestingPro data.
The filing also detailed the conversion of 98,177 shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis, which were then sold in the open market. Following these transactions, Ryan holds 403,171 shares directly in the company, which now commands a substantial market capitalization of $205 billion.
These transactions were executed as part of a Rule 10b5-1 trading plan, which was set up on September 5, 2024, to comply with SEC regulations. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 17 additional key insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Oracle Corporation (NYSE:ORCL) faced a significant setback as the U.S. Department of Defense decided to cancel its plan to use Oracle’s software for managing its civilian workforce. This decision is part of the Pentagon’s efforts to streamline operations and reduce budget overruns, affecting Oracle’s potential future earnings. Meanwhile, Palantir Technologies has been active with several strategic partnerships. Everfox announced a collaboration with Palantir to enhance software solutions in classified network environments, aiming to improve operational efficiency and technological advancements in defense. Additionally, Palantir has partnered with R1 to create an AI lab, R37, focused on reducing healthcare costs by automating revenue cycle processes.
Goldman Sachs has maintained a Neutral rating on Palantir with a price target of $80, reflecting uncertainty about the simplicity of building custom AI workflows. Similarly, William Blair reiterated a Market Perform rating on Palantir following its partnership with Databricks, highlighting the growing demand for AI data analytics solutions. This partnership is seen as strategic, leveraging a large total addressable market without joint go-to-market efforts. These developments indicate Palantir’s ongoing commercial momentum and strategic positioning in various sectors.
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