Palantir Technologies (NYSE:PLTR) Trading Up 1%

Palantir Technologies Inc. (NYSE:PLTR) traded up 1% during mid-day trading on Friday . The stock traded as high as $28.09 and last traded at $27.93. 9,949,266 shares were traded during mid-day trading, a decline of 82% from the average session volume of 55,643,484 shares. The stock had previously closed at $27.64.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Citigroup increased their price objective on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Argus started coverage on shares of Palantir Technologies in a research report on Monday, June 17th. They set a “buy” rating and a $29.00 price objective on the stock. Finally, Monness Crespi & Hardt downgraded shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a research report on Friday, June 21st. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $21.25.

Palantir Technologies Stock Up 1.3 %

The firm has a market capitalization of $62.33 billion, a PE ratio of 232.77, a PEG ratio of 6.56 and a beta of 2.71. The stock’s fifty day simple moving average is $23.50 and its 200 day simple moving average is $22.05.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $634.34 million during the quarter, compared to analysts’ expectations of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. On average, analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Peter Thiel sold 5,000,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $20.78, for a total transaction of $103,900,000.00. Following the completion of the transaction, the director now owns 15,733,625 shares in the company, valued at $326,944,727.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Eric H. Woersching sold 26,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $23.32, for a total value of $606,320.00. Following the transaction, the director now owns 38,843 shares of the company’s stock, valued at approximately $905,818.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter Thiel sold 5,000,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $20.78, for a total transaction of $103,900,000.00. Following the completion of the transaction, the director now directly owns 15,733,625 shares in the company, valued at approximately $326,944,727.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,375,179 shares of company stock worth $240,025,973. 12.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Pursue Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter worth approximately $1,741,000. Vanguard Group Inc. boosted its stake in Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after purchasing an additional 6,466,596 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Palantir Technologies by 10.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock worth $20,549,000 after purchasing an additional 116,220 shares in the last quarter. Udine Wealth Management Inc. acquired a new stake in Palantir Technologies in the 4th quarter worth approximately $1,612,000. Finally, Accel Wealth Management acquired a new stake in Palantir Technologies in the 1st quarter worth approximately $360,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.