Palantir Technologies (NASDAQ:PLTR) Insider David Glazer Sells 17,438 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider David Glazer sold 17,438 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider owned 392,370 shares in the company, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Palantir Technologies Stock Performance

Shares of PLTR stock 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 firm has a market cap of $307.08 billion, a P/E ratio of 204.51, a P/E/G ratio of 2.51 and a beta of 1.64. The business’s 50 day moving average price is $162.65 and its 200-day moving average price is $170.75.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its quarterly earnings results 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 company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $0.14 earnings per share. The firm’s revenue was up 70.0% on a year-over-year basis. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Robert W. Baird raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a report on Thursday, January 22nd. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Tuesday, February 10th. Finally, Weiss Ratings downgraded shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $191.05.

Read Our Latest Report on Palantir Technologies

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Hedge Funds Weigh In On Palantir Technologies

Several institutional investors have recently bought and sold shares of PLTR. Bare Financial Services Inc grew its stake in shares of Palantir Technologies by 54.5% in the 3rd 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 bought a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $29,000. Financial Consulate Inc. bought a new position in shares of Palantir Technologies during the 3rd quarter valued at approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in Palantir Technologies in the third quarter worth $31,000. Finally, United Financial Planning Group LLC bought a new position in Palantir Technologies during the third quarter valued at $32,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

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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