Palantir Technologies (NYSE:PLTR) Upgraded by Monness Crespi & Hardt to “Neutral”

Monness Crespi & Hardt upgraded shares of Palantir Technologies (NYSE:PLTR) from a sell rating to a neutral rating in a research report sent to investors on Friday morning, MarketBeat.com reports.

Several other equities research analysts have also weighed in on the company. Citigroup raised Palantir Technologies from a sell rating to a neutral rating and lifted their price objective for the stock from $10.00 to $20.00 in a report on Tuesday, February 6th. Mizuho lifted their price objective on Palantir Technologies from $18.00 to $21.00 and gave the stock a neutral rating in a report on Thursday, March 7th. Jefferies Financial Group raised Palantir Technologies from an underperform rating to a hold rating and lifted their price objective for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Raymond James raised their target price on Palantir Technologies from $22.00 to $25.00 and gave the stock an outperform rating in a research note on Tuesday, February 6th. Finally, Wedbush restated an outperform rating and issued a $35.00 target price (up previously from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $18.35.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $22.52 on Friday. Palantir Technologies has a 1 year low of $7.28 and a 1 year high of $27.50. The firm has a market cap of $49.83 billion, a PE ratio of 250.19, a P/E/G ratio of 5.32 and a beta of 2.78. The stock has a fifty day moving average price of $23.45 and a 200-day moving average price of $20.05.

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

Insider Activity

In other news, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies 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 sale, the director now owns 191,783 shares in the company, valued at approximately $4,777,314.53. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies 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 sale, the director now owns 191,783 shares in the company, valued at approximately $4,777,314.53. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 29,168 shares of Palantir Technologies stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.00, for a total value of $729,200.00. Following the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $18,819,650. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,456,273 shares of company stock worth $184,343,202. 13.96% of the stock is currently owned by insiders.

Institutional Trading of Palantir Technologies

Hedge funds have recently bought and sold shares of the company. West Paces Advisors Inc. lifted its position in Palantir Technologies by 110.7% in the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after buying an additional 620 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Palantir Technologies by 105.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after buying an additional 691 shares during the last quarter. Bogart Wealth LLC lifted its position in Palantir Technologies by 332.8% in the 1st quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock worth $32,000 after buying an additional 1,065 shares during the last quarter. Halpern Financial Inc. lifted its position in Palantir Technologies by 44.0% in the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock worth $33,000 after buying an additional 440 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new stake in Palantir Technologies in the 4th quarter worth approximately $27,000. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

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.