Palantir Technologies (NYSE:PLTR) Trading 0.1% Higher

Shares of Palantir Technologies Inc. (NYSE:PLTR) were up 0.1% during trading on Thursday . The company traded as high as $21.37 and last traded at $21.33. Approximately 14,464,690 shares traded hands during trading, a decline of 78% from the average daily volume of 64,760,664 shares. The stock had previously closed at $21.31.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLTR. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $5.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 6th. Jefferies Financial Group upgraded Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their price target for the company from $13.00 to $22.00 in a research note on Tuesday, February 6th. Mizuho increased their price objective on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research report on Wednesday, February 14th. Finally, Citigroup raised Palantir Technologies from a “sell” rating to a “neutral” rating and increased their price target for the company from $10.00 to $20.00 in a research report on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.35.

Palantir Technologies Stock Performance

The company has a market capitalization of $45.31 billion, a P/E ratio of 227.53, a PEG ratio of 5.18 and a beta of 2.78. The stock has a 50 day moving average price of $23.77 and a 200 day moving average price of $19.85.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insider Activity

In related news, insider Shyam Sankar sold 29,168 shares of Palantir Technologies stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.00, for a total value of $729,200.00. Following the completion of the transaction, the insider now directly owns 752,786 shares in the company, valued at approximately $18,819,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.91, for a total transaction of $124,550.00. Following the completion of the transaction, the director now owns 191,783 shares of the company’s stock, valued at $4,777,314.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 29,168 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.00, for a total transaction of $729,200.00. Following the completion of the transaction, the insider now owns 752,786 shares in the company, valued at $18,819,650. The disclosure for this sale can be found here. Insiders have sold a total of 7,456,273 shares of company stock valued at $184,343,202 over the last quarter. Company insiders own 13.96% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTR. Qsemble Capital Management LP purchased a new position in Palantir Technologies in the third quarter worth $1,178,000. Trexquant Investment LP purchased a new position in Palantir Technologies in the 3rd quarter worth $4,446,000. Victory Capital Management Inc. lifted its stake in Palantir Technologies by 3.9% in the third quarter. Victory Capital Management Inc. now owns 684,953 shares of the company’s stock worth $10,959,000 after purchasing an additional 25,787 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in 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 worth $20,549,000 after purchasing an additional 116,220 shares during the last quarter. Finally, Korea Investment CORP grew its position in Palantir Technologies by 148.4% during the 3rd quarter. Korea Investment CORP now owns 193,957 shares of the company’s stock worth $3,103,000 after acquiring an additional 115,876 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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.