Palantir Technologies Inc. (NASDAQ:PLTR) Director Alexandra W. Schiff Sells 6,776 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now directly owns 184,617 shares in the company, valued at approximately $15,993,370.71. The trade was a 3.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Palantir Technologies Trading Up 5.7 %

Shares of NASDAQ PLTR opened at $85.07 on Friday. The stock has a market cap of $199.51 billion, a PE ratio of 447.74, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The company has a 50-day moving average of $87.31 and a 200 day moving average of $62.91.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group increased their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Mizuho increased their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Bank of America raised their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, William Blair raised Palantir Technologies from an “underperform” rating to a “market perform” rating in a research report on Wednesday. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.79.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpha Wealth Funds LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at about $1,118,000. Copia Wealth Management purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $46,000. IronOak Wealth LLC. acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $2,024,000. Wood Tarver Financial Group LLC acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $251,000. Finally, Siemens Fonds Invest GmbH grew its position in Palantir Technologies by 115.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 46,791 shares of the company’s stock worth $3,611,000 after acquiring an additional 25,074 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.