Palantir Technologies (NYSE:PLTR) Price Target Raised to $41.00 at The Goldman Sachs Group

Palantir Technologies (NYSE:PLTR) had its target price upped by The Goldman Sachs Group from $16.00 to $41.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

PLTR has been the topic of a number of other research reports. DA Davidson lifted their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Northland Capmk raised Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup raised their target price on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, Monness Crespi & Hardt dropped their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $31.71.

Palantir Technologies Stock Up 4.5 %

Shares of PLTR opened at $58.39 on Thursday. Palantir Technologies has a twelve month low of $15.66 and a twelve month high of $58.48. The stock has a market capitalization of $130.76 billion, a P/E ratio of 291.96 and a beta of 2.70. The company has a 50 day moving average of $40.13 and a 200-day moving average of $30.71.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter last year, the firm earned $0.03 earnings per share. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Palantir Technologies will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 72,500 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $31.18, for a total value of $2,260,550.00. Following the transaction, the insider now directly owns 298,012 shares of the company’s stock, valued at $9,292,014.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider David A. Glazer sold 72,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $31.18, for a total value of $2,260,550.00. Following the transaction, the insider now owns 298,012 shares of the company’s stock, valued at approximately $9,292,014.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 160,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $32.00, for a total value of $5,120,000.00. Following the sale, the insider now directly owns 372,565 shares of the company’s stock, valued at approximately $11,922,080. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,462,878 shares of company stock valued at $1,043,597,696. Company insiders own 12.93% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors have recently modified their holdings of the business. Walter & Keenan Wealth Management LLC IN ADV raised its stake in Palantir Technologies by 1.2% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock worth $729,000 after purchasing an additional 235 shares in the last quarter. Greater Midwest Financial Group LLC grew its position in shares of Palantir Technologies by 0.3% during the 3rd quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock worth $3,251,000 after purchasing an additional 250 shares in the last quarter. Quantum Private Wealth LLC increased its holdings in shares of Palantir Technologies by 1.1% during the third quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock worth $865,000 after purchasing an additional 250 shares during the period. LCM Capital Management Inc raised its position in shares of Palantir Technologies by 0.9% in the third quarter. LCM Capital Management Inc now owns 32,455 shares of the company’s stock valued at $1,207,000 after buying an additional 300 shares in the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV boosted its stake in shares of Palantir Technologies by 0.6% in the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 48,347 shares of the company’s stock valued at $1,799,000 after buying an additional 300 shares during the period. 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.