Palantir Technologies Inc. (NASDAQ: PLTR) Chief Accounting Officer Jeffrey Buckley sold approximately 3,305 shares of Class A common stock for a total of $577,132 over two trading sessions in August 2026.
The first transaction on August 20 involved 2,055 shares sold between $172.65 and $176.31 per share, generating roughly $359,270. These sales were automatic and designed to cover tax withholding obligations related to the vesting of restricted stock units under Buckley’s Rule 10b5-1 trading plan. The second transaction on August 21 consisted of 1,250 shares sold at $174.29 per share for approximately $217,862. This was an open-market sale executed pursuant to a Rule 10b5-1 plan established on March 12, 2026.
Following the disposals, Buckley retains direct ownership of 56,921 shares of Palantir Class A common stock. The stock was trading at $175.89 at the time of the transactions, down 2.25% on the day. Over the prior six months, Palantir shares have gained 31%.
The sales follow Palantir’s Q2 2026 results, which exceeded analyst expectations. Revenue growth surpassed FactSet consensus by 6.8%, while operating income and margin exceeded estimates by 10.5%. Free cash flow and its margin also beat projections by 9.0%. Analysts have since raised price targets, with UBS increasing its target to $220 and Piper Sandler maintaining an overweight rating with a $230 target, citing strong commercial revenue growth.
