Palantir Technologies (NASDAQ:PLTR) Insider Sells $2,176,200.00 in Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider Ryan Taylor sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the transaction, the insider directly owned 239,409 shares in the company, valued at approximately $43,416,822.15. The trade was a 4.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Palantir Technologies Stock Down 2.7%

PLTR stock opened at $176.86 on Friday. The company has a market capitalization of $421.54 billion, a price-to-earnings ratio of 421.11, a P/E/G ratio of 4.57 and a beta of 1.54. The firm has a 50 day moving average of $179.67 and a two-hundred day moving average of $170.17. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

Analysts Set New Price Targets

A number of brokerages have recently commented on PLTR. UBS Group increased their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Cantor Fitzgerald increased their price target on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Citigroup lifted their price target on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Robert W. Baird upped their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Truist Financial started coverage on shares of Palantir Technologies in a research note on Tuesday. They issued a “buy” rating and a $223.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $174.69.

View Our Latest Stock Analysis on PLTR

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds have recently modified their holdings of PLTR. Norges Bank bought a new stake in Palantir Technologies in the 2nd quarter valued at $3,307,457,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at about $2,543,888,000. Vanguard Group Inc. lifted its stake in shares of Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after buying an additional 8,168,604 shares during the period. State Street Corp grew its position in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after buying an additional 6,777,771 shares in the last quarter. Finally, Amundi increased its stake in Palantir Technologies by 38.7% during the third quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after acquiring an additional 4,373,201 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Company Profile

(Get Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Insider Buying and Selling by Quarter for Palantir Technologies (NASDAQ:PLTR)

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