Palantir Technologies (NYSE:PLTR) Trading Up 0.9%

Shares of Palantir Technologies Inc. (NYSE:PLTR) were up 0.9% on Friday . The company traded as high as $27.28 and last traded at $26.88. Approximately 9,193,954 shares were traded during trading, a decline of 83% from the average daily volume of 55,063,121 shares. The stock had previously closed at $26.63.

Analysts Set New Price Targets

PLTR has been the topic of several research analyst reports. Royal Bank of Canada lifted their price target on Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 7th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Mizuho downgraded shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $21.00 to $22.00 in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, May 7th. Finally, HSBC boosted their target price on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Seven analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $21.32.

Palantir Technologies Stock Up 2.0 %

The firm has a market cap of $60.46 billion, a price-to-earnings ratio of 225.52, a price-to-earnings-growth ratio of 6.14 and a beta of 2.71. The business’s fifty day moving average is $24.75 and its two-hundred day moving average is $22.83.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $634.34 million during the quarter, compared to analysts’ expectations of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. Research analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 10,907 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $21.43, for a total transaction of $233,737.01. Following the transaction, the insider now directly owns 651,099 shares of the company’s stock, valued at $13,953,051.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Palantir Technologies news, insider Heather A. Planishek sold 10,907 shares of Palantir Technologies stock in a transaction on Monday, May 20th. The shares were sold at an average price of $21.43, for a total transaction of $233,737.01. Following the transaction, the insider now directly owns 651,099 shares of the company’s stock, valued at approximately $13,953,051.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.97, for a total transaction of $57,940.00. Following the transaction, the director now directly owns 69,039 shares in the company, valued at $2,000,059.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,467,179 shares of company stock valued at $242,726,313. Corporate insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its stake in Palantir Technologies by 14.8% in the fourth quarter. Raymond James & Associates now owns 1,796,194 shares of the company’s stock worth $30,841,000 after purchasing an additional 232,203 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Palantir Technologies by 10.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock valued at $20,549,000 after acquiring an additional 116,220 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Palantir Technologies by 77.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,603 shares of the company’s stock valued at $337,000 after acquiring an additional 8,539 shares during the last quarter. PFG Investments LLC grew its stake in shares of Palantir Technologies by 5.8% in the fourth quarter. PFG Investments LLC now owns 25,870 shares of the company’s stock worth $444,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Highland Capital Management LLC bought a new position in Palantir Technologies during the 4th quarter valued at approximately $1,061,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

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.