Heather A. Planishek Sells 13,891 Shares of Palantir Technologies Inc. (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the sale, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $119.16 on Friday. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $120.67. The company has a market capitalization of $271.45 billion, a P/E ratio of 627.19, a PEG ratio of 11.44 and a beta of 2.81. The stock has a 50-day simple moving average of $81.05 and a 200-day simple moving average of $55.71.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank of Canada boosted their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Robert W. Baird boosted their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Northland Securities boosted their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group upped their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.44.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in Palantir Technologies during the 3rd quarter valued at approximately $25,000. Prestige Wealth Management Group LLC raised its stake in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at approximately $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies during the 4th quarter valued at approximately $28,000. Finally, Wolff Wiese Magana LLC raised its stake in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

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.