Palantir Technologies Inc. (NASDAQ:PLTR) Insider Sells $8,129,055.60 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares in the company, valued at approximately $33,382,558.80. The trade was a 19.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $74.01 on Friday. The firm has a market capitalization of $173.58 billion, a price-to-earnings ratio of 389.55, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The business’s 50 day simple moving average is $92.67 and its 200-day simple moving average is $70.93. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.

Institutional Trading of Palantir Technologies

Institutional investors have recently bought and sold shares of the company. Prestige Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the last quarter. Roxbury Financial LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC lifted its holdings in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC grew its position in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLTR has been the topic of several research analyst reports. Daiwa Capital Markets started coverage on Palantir Technologies in a research report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price target on the stock. Citigroup lifted their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Loop Capital reiterated a “buy” rating on shares of Palantir Technologies in a research note on Friday. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Finally, Northland Securities increased their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $75.19.

About Palantir Technologies

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.