Palantir Technologies (NASDAQ:PLTR) Insider Shyam Sankar Sells 168,004 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Palantir Technologies Stock Down 1.3%

Shares of PLTR opened at $128.84 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The company’s fifty day moving average is $162.65 and its two-hundred day moving average is $170.75. The firm has a market cap of $307.08 billion, a PE ratio of 204.51, a price-to-earnings-growth ratio of 2.51 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 70.0% on a year-over-year basis. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC boosted its position in Palantir Technologies by 0.5% in the 4th quarter. DGS Capital Management LLC now owns 73,417 shares of the company’s stock valued at $13,050,000 after buying an additional 375 shares during the last quarter. Ketron Financial acquired a new position in shares of Palantir Technologies in the fourth quarter worth about $601,000. SG Trading Solutions LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $3,338,000. Titan Investment Management LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $1,982,000. Finally, Floyd Financial Group LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $1,380,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLTR. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective for the company in a research note on Tuesday, February 3rd. Argus raised shares of Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. DA Davidson reduced their target price on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $200.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $191.05.

View Our Latest Analysis on Palantir Technologies

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About Palantir Technologies

(Get Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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