Palantir Technologies Inc. (NYSE:PLTR) Given Consensus Rating of “Reduce” by Brokerages

Shares of Palantir Technologies Inc. (NYSE:PLTR) have been assigned a consensus rating of “Reduce” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.25.

Several analysts have recently issued reports on the company. DA Davidson increased their price objective on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Wedbush reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Palantir Technologies in a research report on Monday, May 6th. Monness Crespi & Hardt downgraded Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective for the company. in a research report on Friday, June 21st. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, May 7th.

Insider Transactions at Palantir Technologies

In related news, Director Peter Thiel sold 5,000,000 shares of the 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 sale, the director now owns 15,733,625 shares in the company, valued at approximately $326,944,727.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Palantir Technologies news, Director Peter Thiel sold 5,000,000 shares of the company’s 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 sale, the director now directly owns 15,733,625 shares of the company’s stock, valued at approximately $326,944,727.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heather A. Planishek sold 10,907 shares of Palantir Technologies stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $21.43, for a total value of $233,737.01. Following the completion of the transaction, the insider now owns 651,099 shares in the company, valued at $13,953,051.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,375,179 shares of company stock worth $240,025,973. Insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently bought and sold shares of the company. Diversify Advisory Services LLC acquired a new position in shares of Palantir Technologies during the second quarter worth about $285,000. Atlas Private Wealth Advisors increased its position in Palantir Technologies by 160.6% during the 2nd quarter. Atlas Private Wealth Advisors now owns 45,826 shares of the company’s stock worth $1,161,000 after purchasing an additional 28,244 shares during the period. Annex Advisory Services LLC raised its stake in shares of Palantir Technologies by 7.6% during the 2nd quarter. Annex Advisory Services LLC now owns 19,831 shares of the company’s stock worth $502,000 after buying an additional 1,397 shares in the last quarter. Lion Street Advisors LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $370,000. Finally, Capital Investment Advisors LLC boosted its stake in shares of Palantir Technologies by 16.9% in the second quarter. Capital Investment Advisors LLC now owns 11,343 shares of the company’s stock valued at $287,000 after buying an additional 1,643 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.6 %

PLTR opened at $28.07 on Monday. The stock’s 50-day moving average price is $23.60 and its 200 day moving average price is $22.19. Palantir Technologies has a 12-month low of $13.68 and a 12-month high of $28.59. The firm has a market cap of $62.51 billion, a price-to-earnings ratio of 233.94, a PEG ratio of 6.48 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $634.34 million for 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, research analysts forecast that Palantir Technologies will post 0.16 earnings per share for the current year.

About Palantir Technologies

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.