Jeffrey Buckley Sells 1,232 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider Jeffrey Buckley sold 1,232 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the completion of the transaction, the insider directly owned 43,108 shares in the company, valued at $5,564,380.64. This represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jeffrey Buckley also recently made the following trade(s):

  • On Friday, February 20th, Jeffrey Buckley sold 2,704 shares of Palantir Technologies stock. The stock was sold at an average price of $133.72, for a total transaction of $361,578.88.

Palantir Technologies Trading Down 1.3%

Shares of NASDAQ:PLTR traded down $1.76 during midday trading on Tuesday, hitting $128.84. The stock had a trading volume of 47,000,687 shares, compared to its average volume of 59,048,212. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The stock has a 50 day moving average price of $162.65 and a two-hundred day moving average price of $170.75. The company has a market capitalization of $307.08 billion, a PE ratio of 204.51, a P/E/G ratio of 2.51 and a beta of 1.64.

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

Institutional Trading of Palantir Technologies

Large investors have recently modified their holdings of the business. Bare Financial Services Inc increased its position in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at $29,000. Financial Consulate Inc. acquired a new stake in shares of Palantir Technologies during the third quarter valued at $30,000. Retirement Wealth Solutions LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth about $31,000. Finally, United Financial Planning Group LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth about $32,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PLTR shares. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Tuesday, February 3rd. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a research note on Thursday, January 22nd. Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Tuesday, February 3rd. Finally, William Blair raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $191.05.

Read Our Latest Report on PLTR

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

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.

Recommended Stories

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

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.