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On June 10, 2024, Alexander Moore, Director at Palantir Technologies Inc (NYSE:PLTR), completed a sale of 20,422 shares of the company’s stock. The transaction was documented in an SEC filing. Following this transaction, the insider now owns 1,587,707 shares of Palantir Technologies Inc.

Palantir Technologies Inc. specializes in big data analytics. The company’s platforms, Palantir Gotham and Palantir Foundry, serve public and private sector customers worldwide, providing solutions that help organizations optimize their data workflows and drive innovation.

Over the past year, Alexander Moore has sold a total of 270,798 shares and has not purchased any shares of the company. This recent sale is part of a broader trend seen within the company. Over the past year, there have been 68 insider sales and no insider purchases.

Palantir Technologies Inc. shares were trading at $22.94 on the day of the sale. The company has a market capitalization of $51.51 billion. The price-to-earnings ratio is 192.75, well above the industry median of 26.105.

The stock is currently considered significantly overvalued with a price-to-GF-Value ratio of 1.36 based on a GF Value of $16.85. The GF Value is calculated by taking into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance.

Insider sale: Director Alexander Moore sells shares of Palantir Technologies Inc (PLTR)Insider sale: Director Alexander Moore sells shares of Palantir Technologies Inc (PLTR)

Insider sale: Director Alexander Moore sells shares of Palantir Technologies Inc (PLTR)

Insider sale: Director Alexander Moore sells shares of Palantir Technologies Inc (PLTR)Insider sale: Director Alexander Moore sells shares of Palantir Technologies Inc (PLTR)

Insider sale: Director Alexander Moore sells shares of Palantir Technologies Inc (PLTR)

This insider sale could be of interest to investors who track changes in ownership and evaluate the stock’s current valuation metrics, such as the price-to-sales ratio, the price-to-book ratio and the price-to-free cash flow ratio.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.

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