David A. Glazer Sells 18,000 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) insider David A. Glazer sold 18,000 shares of the company’s stock in a transaction dated Monday, September 20th. The stock was sold at an average price of $27.00, for a total value of $486,000.00. Following the sale, the insider now owns 2,524,054 shares in the company, valued at approximately $68,149,458. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Palantir Technologies stock opened at $26.55 on Tuesday. Palantir Technologies Inc. has a 12 month low of $8.90 and a 12 month high of $45.00. The stock’s 50 day moving average is $24.18 and its 200-day moving average is $23.65. The company has a market capitalization of $51.86 billion and a price-to-earnings ratio of -22.89.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Thursday, August 12th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $375.64 million for the quarter, compared to the consensus estimate of $360.60 million. Palantir Technologies had a positive return on equity of 20.55% and a negative net margin of 95.14%.

A number of equities analysts have weighed in on PLTR shares. Jefferies Financial Group boosted their price target on Palantir Technologies from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, August 12th. Zacks Investment Research downgraded Palantir Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 19th. Morgan Stanley boosted their price target on Palantir Technologies from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, August 13th. Royal Bank of Canada boosted their price target on Palantir Technologies from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Friday, August 13th. Finally, Wolfe Research boosted their price target on Palantir Technologies from $20.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, August 13th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $23.11.

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Palantir Technologies by 22.0% during the first quarter. Bank of New York Mellon Corp now owns 351,801 shares of the company’s stock worth $8,193,000 after buying an additional 63,538 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Palantir Technologies during the second quarter worth approximately $44,315,000. Ocean Capital Management LLC grew its position in Palantir Technologies by 41.7% during the second quarter. Ocean Capital Management LLC now owns 42,701 shares of the company’s stock worth $1,126,000 after buying an additional 12,557 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Palantir Technologies during the first quarter worth approximately $115,000. Finally, Bellevue Asset Management LLC grew its position in Palantir Technologies by 50.0% during the first quarter. Bellevue Asset Management LLC now owns 15,000 shares of the company’s stock worth $351,000 after buying an additional 5,000 shares in the last quarter. 22.13% of the stock is currently owned by institutional investors and hedge funds.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, 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.

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Insider Buying and Selling by Quarter for Palantir Technologies (NYSE:PLTR)

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