Palantir Technologies (NYSE:PLTR) Trading Up 0.4%

Palantir Technologies Inc. (NYSE:PLTR) rose 0.4% during trading on Thursday . The company traded as high as $27.53 and last traded at $27.01. Approximately 7,290,221 shares changed hands during trading, a decline of 87% from the average daily volume of 54,330,102 shares. The stock had previously closed at $26.89.

Analysts Set New Price Targets

PLTR has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, May 7th. Monness Crespi & Hardt lowered Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective for the company. in a research report on Friday, June 21st. HSBC raised their price objective on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Finally, Mizuho downgraded Palantir Technologies from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $21.00 to $22.00 in a research note on Tuesday, July 16th. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.96.

Palantir Technologies Price Performance

The company’s 50-day simple moving average is $25.19 and its 200-day simple moving average is $23.16. The stock has a market capitalization of $57.94 billion, a price-to-earnings ratio of 215.85, a P/E/G ratio of 6.09 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The company had revenue of $634.34 million during the quarter, compared to the consensus estimate of $614.88 million. Research analysts expect that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the sale, the insider now owns 298,012 shares of the company’s stock, valued at $8,749,632.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Peter Thiel sold 6,285,833 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the sale, the director now owns 64,520,599 shares of the company’s stock, valued at $1,376,224,376.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the sale, the insider now directly owns 298,012 shares in the company, valued at approximately $8,749,632.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,447,179 shares of company stock valued at $242,285,913. 12.93% of the stock is currently owned by insiders.

Institutional Trading of Palantir Technologies

Institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at about $25,000. West Paces Advisors Inc. grew 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 purchasing an additional 620 shares in the last quarter. Massmutual Trust Co. FSB ADV grew 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 purchasing an additional 691 shares in the last quarter. Bogart Wealth LLC grew 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 purchasing an additional 1,065 shares in the last quarter. Finally, Halpern Financial Inc. grew its position in shares of Palantir Technologies by 44.0% during the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after acquiring an additional 440 shares during the period. 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.