Palantir Technologies (NASDAQ:PLTR) Given a $155.00 Price Target at Loop Capital

Palantir Technologies (NASDAQ:PLTRGet Free Report) has been assigned a $155.00 price target by research analysts at Loop Capital in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price target indicates a potential upside of 8.79% from the company’s current price.

PLTR has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. DA Davidson lifted their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Finally, UBS Group raised their price target on Palantir Technologies from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $86.30.

Read Our Latest Stock Analysis on PLTR

Palantir Technologies Trading Up 3.7%

PLTR stock traded up $5.08 during trading on Thursday, reaching $142.48. 49,032,490 shares of the stock were exchanged, compared to its average volume of 80,895,639. The business has a 50 day moving average price of $115.48 and a 200-day moving average price of $95.01. Palantir Technologies has a 1 year low of $21.23 and a 1 year high of $144.74. The firm has a market capitalization of $336.23 billion, a price-to-earnings ratio of 750.91, a P/E/G ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $883.86 million during the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm’s revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. On average, research analysts anticipate that Palantir Technologies will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 405,000 shares of the company’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider now owns 702,786 shares of the company’s stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now directly owns 403,171 shares in the company, valued at approximately $33,382,558.80. This represents a 19.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,506,925 shares of company stock worth $188,456,658 in the last 90 days. Company insiders own 9.23% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Palantir Technologies in the 4th quarter valued at $1,360,191,000. Nuveen LLC acquired a new position in Palantir Technologies during the first quarter worth about $520,232,000. Price T Rowe Associates Inc. MD raised its stake in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. grew its holdings in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Palantir Technologies (NASDAQ:PLTR)

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