Palantir Technologies Inc. (NYSE:PLTR – Get Free Report) insider Shyam Sankar sold 29,168 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.00, for a total value of $729,200.00. Following the completion of the sale, the insider now owns 752,786 shares of the company’s stock, valued at $18,819,650. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Palantir Technologies Price Performance
PLTR stock traded up $0.68 during mid-day trading on Monday, reaching $25.06. 107,998,372 shares of the company’s stock were exchanged, compared to its average volume of 79,034,797. The company has a market cap of $54.52 billion, a price-to-earnings ratio of 278.42, a price-to-earnings-growth ratio of 5.98 and a beta of 2.66. The stock’s 50 day moving average is $17.62 and its 200 day moving average is $17.07. Palantir Technologies Inc. has a 12-month low of $7.19 and a 12-month high of $25.52.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on PLTR. Jefferies Financial Group upgraded Palantir Technologies from an “underperform” rating to a “hold” rating and upped their price objective for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $5.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 6th. Raymond James increased their price objective on Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Wedbush increased their price objective on Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Finally, Citigroup raised Palantir Technologies from a “sell” rating to a “neutral” rating and increased their price objective for the company from $10.00 to $20.00 in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $15.25.
Hedge Funds Weigh In On Palantir Technologies
A number of hedge funds have recently bought and sold shares of PLTR. Truvestments Capital LLC lifted its position in shares of Palantir Technologies by 74.9% in the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares in the last quarter. First United Bank & Trust purchased a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $26,000. Pacifica Partners Inc. purchased a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $27,000. Resurgent Financial Advisors LLC purchased a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $28,000. Finally, GAMMA Investing LLC purchased a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 34.21% of the company’s stock.
Palantir Technologies Company Profile
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 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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