Jeffrey Buckley, chief accounting officer of Palantir Technologies Inc. (NASDAQ: PLTR), sold 3,305 shares of Class A common stock for approximately $577,132 through pre-arranged transactions under a Rule 10b5-1 trading plan.
The disposals occurred over two days in August 2026. On August 20, Buckley sold 2,055 shares at prices ranging from $172.65 to $176.31, totaling roughly $359,270, to cover tax withholdings tied to restricted stock unit vesting. On August 21, an additional 1,250 shares were sold at $174.29 each for about $217,862. Buckley retained 56,921 shares of Class A stock following the transactions.
Palantir’s shares closed at $175.89 on August 21, down $4.05, or 2.25%, after a 31% gain over the prior six months. The stock’s performance comes amid a backdrop of strong second-quarter 2026 results, which exceeded analyst expectations. Revenue rose 6.8% above FactSet consensus, while operating income and free cash flow surpassed estimates by 10.5% and 9.0%, respectively.
Analysts have responded with upward revisions to price targets. UBS lifted its target to $220, citing accelerating revenue growth to 93%. Phillip Securities raised its target to $215, Truist Securities set a new target at $223, and Piper Sandler maintained an Overweight rating with a $230 target, emphasizing growth in U.S. commercial revenue. Benchmark, however, maintained a Hold rating.
