IREN proposes $875 million convertible notes offering due 2031
Taylor Ryan D., Chief Revenue Officer and Chief Legal Officer at Palantir Technologies Inc (NYSE:PLTR), sold 36,048 shares of Class A Common Stock on September 5, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $385 billion, has seen its stock surge over 367% in the past year, according to InvestingPro data.
The shares were sold at prices ranging from $157.80 to $158.77, with a weighted average sale price of $158.346, for a total transaction value of $5,708,056.
The sale was executed under a prearranged Rule 10b5-1 trading plan, adopted on March 12, 2025. In other recent news, Palantir Technologies Inc. hosted its eighth AIPCon event, showcasing presentations from over 70 U.S. commercial customers, including notable names like Waste Management, bp, and American Airlines. This event highlighted the diverse applications of Palantir’s Foundry and Artificial Intelligence Platform across various sectors. In a significant development, Palantir announced a partnership with Lumen Technologies aimed at integrating Palantir’s technology into Lumen’s operations to transform its business model. William Blair reiterated its Market Perform rating on Palantir, noting new customer logos announced during AIPCon 8, which aligns with their ongoing analysis of the company’s commercial momentum. UBS also maintained its Neutral rating and $165 price target on Palantir, based on recent research into the company’s demand trends. The assessment was informed by discussions with key customers and service partners. However, Palantir faced some caution from Citron Research, a short seller, which expressed concerns about the company’s valuation. This caution was echoed by comments from OpenAI CEO Sam Altman, who suggested that the AI market might be experiencing a bubble, raising questions about the sustainability of AI-related stock valuations. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.