Insider Selling: Palantir Technologies Inc. (NYSE:PLTR) Director Sells 11,377 Shares of Stock

Palantir Technologies Inc. (NYSE:PLTR – Get Rating) Director Alexander D. Moore sold 11,377 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $8.89, for a total transaction of $101,141.53. Following the transaction, the director now directly owns 1,960,928 shares in the company, valued at approximately $17,432,649.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYSE:PLTR traded down $0.50 on Thursday, hitting $8.68. The company had a trading volume of 30,486,173 shares, compared to its average volume of 48,942,031. The firm’s 50-day simple moving average is $10.24 and its two-hundred day simple moving average is $13.46. Palantir Technologies Inc. has a 1 year low of $6.44 and a 1 year high of $29.29. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of -34.72 and a beta of 5.05.

Palantir Technologies (NYSE:PLTR – Get Rating) last posted its earnings results on Monday, May 9th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). Palantir Technologies had a positive return on equity of 12.04% and a negative net margin of 30.25%. The company had revenue of $446.36 million during the quarter, compared to analysts’ expectations of $443.51 million. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies Inc. will post -0.07 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of PLTR. Endurance Wealth Management Inc. purchased a new stake in shares of Palantir Technologies in the 1st quarter worth about $27,000. IndexIQ Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter valued at about $27,000. Herold Advisors Inc. purchased a new position in Palantir Technologies during the 1st quarter valued at about $35,000. UMB Bank N A MO purchased a new position in Palantir Technologies during the 4th quarter valued at about $37,000. Finally, TAP Consulting LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $38,000. 40.02% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on PLTR shares. Zacks Investment Research lowered shares of Palantir Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th. Morgan Stanley raised shares of Palantir Technologies from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $24.00 to $16.00 in a report on Monday, March 7th. Royal Bank of Canada lowered shares of Palantir Technologies from a “sector perform” rating to an “underperform” rating and cut their price target for the stock from $12.00 to $6.00 in a report on Monday, May 9th. Citigroup cut their price target on shares of Palantir Technologies from $10.00 to $7.00 in a report on Tuesday, May 10th. Finally, Monness Crespi & Hardt started coverage on shares of Palantir Technologies in a report on Monday, April 11th. They issued a “buy” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $15.20.

About Palantir Technologies (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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