May 23 - Jeffrey Buckley, Chief Accounting Officer of Palantir Technologies (PLTR, Financial), sold shares worth about $239,688 across two days this week, according to a recent filing with the Securities and Exchange Commission.
The transactions, made on May 20 and May 21, involved 1,897 shares of Class A common stock. Prices ranged from $125.26 to $127.71 per share. The sales were automated to cover tax withholding linked to vested restricted stock units. Buckley now holds 34,279 shares directly.
The stock recently traded at $122. It has surged around 490% over the past 12 months. Despite the rally, some analysts view the shares as stretched on valuation.
On May 5, Palantir reported a 39% revenue jump in the March quarter to $884 million, driven by strong U.S. commercial and government demand. However, international commercial growth lagged, especially in Europe.
The company also struck a partnership with Divergent Technologies to support defense and commercial manufacturing. Analyst sentiment remains mixed, with Loop Capital maintaining a Buy rating, while RBC Capital continues to rate it Underperform.
