Heather A. Planishek Sells 20,000 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total transaction of $999,200.00. Following the completion of the sale, the insider now owns 562,006 shares in the company, valued at approximately $28,077,819.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Palantir Technologies Price Performance

Shares of NYSE:PLTR traded up $0.34 during mid-day trading on Thursday, reaching $55.87. 121,369,861 shares of the company traded hands, compared to its average volume of 57,446,848. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $56.47. The firm has a market cap of $125.12 billion, a PE ratio of 278.85 and a beta of 2.70. The company’s 50 day moving average price is $39.10 and its 200-day moving average price is $30.15.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 10.41% and a net margin of 18.01%. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the prior year, the firm posted $0.03 EPS. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, research analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Mizuho boosted their target price on shares of Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday. Citigroup upped their price target on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. DA Davidson upped their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Northland Capmk raised Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.71.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors have recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in Palantir Technologies during the first quarter valued at about $42,000. Mediolanum International Funds Ltd acquired a new stake in Palantir Technologies in the first quarter worth about $597,000. Signaturefd LLC boosted its holdings in Palantir Technologies by 8.5% in the first quarter. Signaturefd LLC now owns 39,999 shares of the company’s stock worth $920,000 after acquiring an additional 3,136 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Palantir Technologies by 7.5% in the first quarter. Geneos Wealth Management Inc. now owns 12,118 shares of the company’s stock worth $279,000 after acquiring an additional 842 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Palantir Technologies by 9.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 26,919 shares of the company’s stock worth $619,000 after acquiring an additional 2,427 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.