Palantir Technologies Inc. (NASDAQ:PLTR) Director Sells $286,520.00 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Palantir Technologies Trading Down 1.4 %

PLTR stock opened at $67.26 on Friday. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80. The business’s 50 day simple moving average is $68.93 and its 200 day simple moving average is $45.82. The firm has a market capitalization of $153.22 billion, a PE ratio of 336.32, a PEG ratio of 10.18 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Natixis Advisors LLC bought a new position in shares of Palantir Technologies during the second quarter worth approximately $274,000. Victory Capital Management Inc. lifted its holdings in shares of Palantir Technologies by 18.4% during the second quarter. Victory Capital Management Inc. now owns 660,076 shares of the company’s stock worth $16,720,000 after buying an additional 102,758 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Palantir Technologies by 23.7% in the second quarter. Ballentine Partners LLC now owns 12,339 shares of the company’s stock valued at $313,000 after acquiring an additional 2,368 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at about $441,000. Finally, Choreo LLC increased its position in Palantir Technologies by 318.2% during the second quarter. Choreo LLC now owns 37,635 shares of the company’s stock worth $973,000 after acquiring an additional 28,635 shares during the period. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PLTR has been the topic of several research reports. Bank of America boosted their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Morgan Stanley reiterated an “underweight” rating and set a $60.00 price objective on shares of Palantir Technologies in a report on Monday, January 6th. Northland Securities boosted their target price on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a research note on Thursday, November 7th. Finally, Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.12.

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.