Palantir Technologies Inc. (NYSE:PLTR) Director Sells $147,361,195.76 in Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 3,989,204 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $36.94, for a total transaction of $147,361,195.76. Following the completion of the transaction, the director now owns 42,683,569 shares in the company, valued at approximately $1,576,731,038.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Peter Thiel also recently made the following trade(s):

• On Monday, September 30th, Peter Thiel sold 4,181,118 shares of Palantir Technologies stock. The stock was sold at an average price of $36.91, for a total transaction of $154,325,065.38.
• On Wednesday, September 25th, Peter Thiel sold 4,254,666 shares of Palantir Technologies stock. The stock was sold at an average price of $36.77, for a total transaction of $156,444,068.82.

Palantir Technologies Trading Up 4.7 %

Shares of PLTR stock opened at $39.25 on Friday. The firm has a market capitalization of $87.90 billion, a PE ratio of 327.11 and a beta of 2.72. The firm has a fifty day simple moving average of $32.23 and a two-hundred day simple moving average of $26.67. Palantir Technologies Inc. has a 12 month low of $14.48 and a 12 month high of $39.29.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $653.23 million. During the same quarter in the previous year, the company earned $0.01 EPS. The business’s revenue was up 27.2% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho downgraded shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $21.00 to $22.00 in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. DA Davidson boosted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, Wedbush boosted their target price on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.29.

Institutional Trading of Palantir Technologies

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 6,466,596 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Palantir Technologies by 183.3% in the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock worth $3,645,000 after buying an additional 102,479 shares during the last quarter. Accel Wealth Management purchased a new position in shares of Palantir Technologies in the 1st quarter worth about $360,000. ProShare Advisors LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth about $262,000. Finally, OneAscent Wealth Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth about $210,000. 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.