Palantir Technologies Inc. (NASDAQ:PLTR) Receives Consensus Rating of “Hold” from Analysts

Palantir Technologies Inc. (NASDAQ:PLTR) has been assigned a consensus recommendation of “Hold” from the twenty-three research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $172.2750.

A number of equities research analysts have commented on PLTR shares. HSBC increased their price target on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Northland Securities increased their price objective on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Citigroup boosted their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Palantir Technologies in a research note on Monday, December 8th.

Palantir Technologies Trading Down 2.1%

NASDAQ PLTR opened at $183.57 on Monday. The firm’s fifty day simple moving average is $179.31 and its two-hundred day simple moving average is $163.90. The firm has a market capitalization of $437.53 billion, a P/E ratio of 437.08, a P/E/G ratio of 7.12 and a beta of 1.50. Palantir Technologies has a 12-month low of $63.40 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. As a group, sell-side analysts predict that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $100,435,312.50. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 1,973 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $308,281.25. Following the completion of the sale, the insider owned 413,639 shares in the company, valued at approximately $64,631,093.75. This represents a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,008,844 shares of company stock worth $164,676,161 in the last quarter. 12.93% of the stock is owned by insiders.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL increased its stake in shares of Palantir Technologies by 28.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 13,819 shares of the company’s stock worth $2,521,000 after acquiring an additional 3,021 shares during the period. IFP Advisors Inc boosted its holdings in Palantir Technologies by 8.4% in the third quarter. IFP Advisors Inc now owns 46,606 shares of the company’s stock valued at $8,502,000 after purchasing an additional 3,621 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in Palantir Technologies by 5.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 858,292 shares of the company’s stock worth $156,570,000 after purchasing an additional 45,814 shares during the period. Groupama Asset Managment grew its position in Palantir Technologies by 5.9% during the 3rd quarter. Groupama Asset Managment now owns 28,728 shares of the company’s stock worth $5,241,000 after purchasing an additional 1,592 shares during the period. Finally, Investment Research Partners LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at about $279,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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.