Palantir Technologies Inc. (NASDAQ:PLTR) Insider Sells $1,610,800.36 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Palantir Technologies Trading Up 1.1 %

Shares of PLTR stock opened at $119.16 on Friday. The firm has a 50-day moving average price of $81.90 and a 200 day moving average price of $56.56. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $120.67. The company has a market capitalization of $271.45 billion, a price-to-earnings ratio of 627.19, a PEG ratio of 11.44 and a beta of 2.81.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Meiji Yasuda Life Insurance Co acquired a new position in Palantir Technologies in the 4th quarter valued at about $1,038,000. Blue Rock Wealth Management LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at about $1,675,000. Itau Unibanco Holding S.A. increased its stake in shares of Palantir Technologies by 500.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,993 shares of the company’s stock valued at $151,000 after acquiring an additional 1,661 shares during the last quarter. Keel Point LLC increased its stake in shares of Palantir Technologies by 5.8% during the 4th quarter. Keel Point LLC now owns 13,949 shares of the company’s stock valued at $1,055,000 after acquiring an additional 764 shares during the last quarter. Finally, FAS Wealth Partners Inc. increased its stake in shares of Palantir Technologies by 248.4% during the 4th quarter. FAS Wealth Partners Inc. now owns 36,307 shares of the company’s stock valued at $2,746,000 after acquiring an additional 25,885 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PLTR shares. Wedbush boosted their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. DA Davidson boosted their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $69.44.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.