Peter Thiel Sells 4,254,666 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 4,254,666 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $36.77, for a total transaction of $156,444,068.82. Following the completion of the transaction, the director now owns 51,234,275 shares of the company’s stock, valued at $1,883,884,291.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Palantir Technologies Stock Down 0.6 %

NYSE PLTR opened at $36.86 on Friday. Palantir Technologies Inc. has a 52 week low of $14.48 and a 52 week high of $38.19. The company has a market capitalization of $82.08 billion, a P/E ratio of 307.17 and a beta of 2.72. The stock’s 50-day moving average price is $31.43 and its 200-day moving average price is $26.31.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. During the same quarter in the previous year, the business posted $0.01 EPS. Palantir Technologies’s revenue was up 27.2% on a year-over-year basis. Research analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PLTR shares. Deutsche Bank Aktiengesellschaft boosted their price target on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Citigroup upped their target price on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Mizuho lowered shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $21.00 to $22.00 in a research note on Tuesday, July 16th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, Bank of America boosted their target price on shares of Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $27.29.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Palantir Technologies by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after acquiring an additional 6,466,596 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Palantir Technologies by 183.3% during the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock worth $3,645,000 after acquiring an additional 102,479 shares in the last quarter. Accel Wealth Management bought a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $360,000. ProShare Advisors LLC purchased a new position in shares of Palantir Technologies in the first quarter valued at $262,000. Finally, Norges Bank bought a new stake in Palantir Technologies in the fourth quarter worth $46,542,000. 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.