Palantir Technologies (NASDAQ:PLTR) Now Covered by Daiwa Capital Markets

Analysts at Daiwa Capital Markets began coverage on shares of Palantir Technologies (NASDAQ:PLTR) in a research note issued to investors on Tuesday. The firm set a “neutral” rating and a $90.00 price target on the stock. Daiwa Capital Markets’ price objective would indicate a potential upside of 7.11% from the company’s current price.

Several other analysts also recently issued reports on PLTR. William Blair set a $84.00 price target on Palantir Technologies in a research note on Wednesday, March 5th. UBS Group upped their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Northland Securities lifted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Citigroup upped their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada boosted their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $75.19.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $0.37 during midday trading on Tuesday, reaching $84.03. 8,566,458 shares of the company’s stock traded hands, compared to its average volume of 67,921,841. The company has a market cap of $197.07 billion, a price-to-earnings ratio of 440.20, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies has a 52 week low of $20.33 and a 52 week high of $125.41. The company’s 50 day simple moving average is $92.23 and its 200 day simple moving average is $69.88.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 483,987 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the sale, the insider now directly owns 170,273 shares in the company, valued at $12,681,933.04. The trade was a 73.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,379,785 shares of company stock worth $281,528,938. 12.93% of the stock is owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Roxbury Financial LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank bought a new position in Palantir Technologies in the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC raised its stake in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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.