Palantir Technologies (NYSE:PLTR) Shares Up 3.7%

Palantir Technologies Inc. (NYSE:PLTR) shares shot up 3.7% during trading on Monday . The stock traded as high as $29.15 and last traded at $29.11. 20,075,669 shares were traded during mid-day trading, a decline of 64% from the average session volume of 55,494,012 shares. The stock had previously closed at $28.07.

Analyst Ratings Changes

Several brokerages have issued reports on PLTR. Citigroup lifted their price target on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. DA Davidson lifted their price target on shares of Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a research note on Tuesday, May 7th. Finally, Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday, May 7th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $21.25.

Palantir Technologies Trading Up 2.3 %

The stock’s 50-day moving average is $23.60 and its 200-day moving average is $22.19. The firm has a market capitalization of $63.96 billion, a price-to-earnings ratio of 240.50, a PEG ratio of 6.48 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last released 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. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The business had revenue of $634.34 million during the quarter, compared to analysts’ expectations of $614.88 million. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the completion of the transaction, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Peter Thiel sold 6,285,833 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the completion of the sale, the director now directly owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now owns 1,595,519 shares of the company’s stock, valued at $35,133,328.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,375,179 shares of company stock worth $240,025,973. 12.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. First United Bank & Trust bought a new position in Palantir Technologies during the fourth quarter worth $26,000. West Paces Advisors Inc. boosted its stake in Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after acquiring an additional 620 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Palantir Technologies by 105.3% during 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 in the last quarter. Bogart Wealth LLC lifted its stake in shares of Palantir Technologies by 332.8% in the first quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock valued at $32,000 after buying an additional 1,065 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at $33,000. 45.65% of the stock is owned by institutional investors.

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.