Palantir Technologies (NYSE:PLTR) Price Target Lowered to $11.00 at Deutsche Bank Aktiengesellschaft

Palantir Technologies (NYSE:PLTRGet Rating) had its price objective cut by investment analysts at Deutsche Bank Aktiengesellschaft from $15.00 to $11.00 in a research report issued on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 47.45% from the stock’s current price.

Several other research firms have also weighed in on PLTR. Citigroup lowered their target price on shares of Palantir Technologies from $10.00 to $7.00 in a report on Tuesday. Wolfe Research reaffirmed a “hold” rating and issued a $9.00 target price on shares of Palantir Technologies in a report on Friday, February 18th. Zacks Investment Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 22nd. Piper Sandler upped their target price on shares of Palantir Technologies from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. Finally, Royal Bank of Canada lowered shares of Palantir Technologies from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $6.00 in a report on Monday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.20.

Shares of NYSE:PLTR opened at $7.46 on Tuesday. Palantir Technologies has a 1-year low of $7.32 and a 1-year high of $29.29. The firm has a market capitalization of $15.14 billion, a PE ratio of -27.63 and a beta of 5.00. The business’s 50 day moving average is $12.16 and its 200-day moving average is $16.01.

Palantir Technologies (NYSE:PLTRGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The company had revenue of $446.36 million during the quarter, compared to the consensus estimate of $443.51 million. Palantir Technologies had a negative net margin of 33.75% and a positive return on equity of 14.65%. The business’s revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. As a group, equities research analysts anticipate that Palantir Technologies will post 0.2 EPS for the current fiscal year.

In other Palantir Technologies news, insider Ryan D. Taylor sold 79,439 shares of the firm’s stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $11.21, for a total value of $890,511.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 194,817 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $10.62, for a total value of $2,068,956.54. The disclosure for this sale can be found here. Insiders have sold a total of 347,256 shares of company stock worth $3,900,073 over the last 90 days. Corporate insiders own 17.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of PLTR. BlackRock Inc. increased its position in Palantir Technologies by 2.7% during the fourth quarter. BlackRock Inc. now owns 84,965,431 shares of the company’s stock worth $1,547,221,000 after buying an additional 2,213,503 shares during the last quarter. State Street Corp boosted its stake in shares of Palantir Technologies by 4.3% during the 4th quarter. State Street Corp now owns 33,369,876 shares of the company’s stock worth $607,665,000 after acquiring an additional 1,377,707 shares during the period. Geode Capital Management LLC increased its holdings in shares of Palantir Technologies by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 19,873,634 shares of the company’s stock worth $361,379,000 after acquiring an additional 1,741,909 shares during the last quarter. Morgan Stanley grew its stake in shares of Palantir Technologies by 24.3% in the third quarter. Morgan Stanley now owns 17,374,532 shares of the company’s stock valued at $417,684,000 after acquiring an additional 3,393,296 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. grew its stake in shares of Palantir Technologies by 77.3% in the third quarter. Nikko Asset Management Americas Inc. now owns 17,335,075 shares of the company’s stock valued at $420,267,000 after acquiring an additional 7,557,634 shares in the last quarter. Institutional investors and hedge funds own 40.02% of the company’s stock.

Palantir Technologies Company Profile (Get Rating)

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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