Palantir reinstates Buckley as chief accounting officer

DENVER – Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), the data analytics giant with a market capitalization of nearly $200 billion, announced the return of Jeffrey Buckley as Chief Accounting Officer, effective March 24, 2025. This move comes after the interim assignment of CFO David Glazer to the role following Heather Planishek’s resignation on February 25, 2025. According to InvestingPro data, the company maintains impressive gross profit margins of 80.25% and has shown strong revenue growth of 28.79% over the last twelve months.

Buckley, 41, previously served as Palantir’s Chief Accounting Officer from September 2020 to February 2023. His experience includes a tenure as Chief Accounting Officer at Zynga (NASDAQ:ZNGA) and most recently at Human Interest, a private financial services firm. Buckley’s return to Palantir will be accompanied by an annual base salary of $400,000 and a restricted stock unit award valued at $3.5 million, vesting over a specified period, contingent upon his continued service. InvestingPro analysis indicates net income is expected to grow this year, with 11 analysts revising their earnings estimates upward for the upcoming period.

The board’s decision to reappoint Buckley aims to reinforce the company’s financial leadership as Glazer continues as CFO and Treasurer. Buckley’s history with Palantir and his professional credentials as a Certified Public Accountant are seen as assets to the company’s executive team.

Palantir, headquartered in Denver, Colorado, operates within the prepackaged software industry and is known for its specialized data analysis software. The company’s Class A common stock is listed on The Nasdaq Stock Market under the symbol PLTR. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value, though it maintains strong financial health with an overall rating of GREAT. For deeper insights into Palantir’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

The company has confirmed that there are no familial ties between Buckley and any current directors or executive officers, and there are no financial transactions requiring disclosure under SEC regulations. Additionally, it is expected that Buckley will enter into a standard indemnification agreement with Palantir.

This announcement is based on information contained in a recent SEC filing by Palantir Technologies Inc.

In other recent news, Palantir Technologies Inc. has been the focus of several analyst reports and market developments. Morgan Stanley (NYSE:MS) reaffirmed its Overweight rating on Palantir, maintaining a price target of $115.00, highlighting a positive outlook on the company’s initial guidance and potential for growth. Meanwhile, Wedbush analysts also maintained their Outperform rating with a $120.00 price target, praising Palantir’s significant role in advancing the AI Revolution and its strategic positioning in the market. Loop Capital initiated coverage with a Buy rating and set a price target of $141, emphasizing the company’s leverage in the AI and GenAI markets.

However, concerns have arisen due to potential Pentagon budget cuts, which could impact Palantir’s revenue from government contracts. News of the US Defense Secretary’s plans to reduce military spending by 8% over the next five years has led to a notable sell-off in Palantir’s shares, reflecting investor apprehension about future earnings. Despite these concerns, some analysts, such as those from Wedbush, remain optimistic about the company’s long-term prospects, viewing the current downturn as a buying opportunity.

The recent developments underscore the mixed sentiment surrounding Palantir, as the company navigates both positive analyst ratings and challenges from potential budget constraints. Investors are keeping a close watch on how these factors will influence Palantir’s performance in the AI and defense sectors.

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