Palantir Technologies (NYSE:PLTR) Shares Up 1.2%

Palantir Technologies Inc. (NYSE:PLTR)’s stock price rose 1.2% on Monday . The stock traded as high as $25.93 and last traded at $25.64. Approximately 11,663,658 shares changed hands during trading, a decline of 79% from the average daily volume of 56,433,836 shares. The stock had previously closed at $25.33.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PLTR shares. Monness Crespi & Hardt cut shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a report on Friday, June 21st. Bank of America upped their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Royal Bank of Canada increased their price objective on Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 7th. Finally, Mizuho lifted their target price on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $21.25.

Palantir Technologies Stock Up 1.8 %

The company has a market cap of $57.43 billion, a PE ratio of 213.68, a price-to-earnings-growth ratio of 5.85 and a beta of 2.71. The firm has a 50 day simple moving average of $22.63 and a 200-day simple moving average of $21.54.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $634.34 million for the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Activity

In related news, insider Heather A. Planishek sold 2,398 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total transaction of $51,077.40. Following the transaction, the insider now directly owns 639,696 shares in the company, valued at approximately $13,625,524.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the sale, the director now directly owns 1,595,519 shares in the company, valued at $35,133,328.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Heather A. Planishek sold 2,398 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the transaction, the insider now directly owns 639,696 shares in the company, valued at $13,625,524.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,372,153 shares of company stock worth $239,941,245. Insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLTR. First United Bank & Trust acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $26,000. Pacifica Partners Inc. acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $27,000. West Paces Advisors Inc. boosted its holdings in shares of Palantir Technologies by 110.7% in the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after acquiring an additional 620 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after acquiring an additional 691 shares during the period. Finally, Bogart Wealth LLC raised its holdings in shares of Palantir Technologies by 332.8% during the first quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock worth $32,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

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.