Palantir Technologies Inc. (NYSE:PLTR – Get Rating) insider Ryan D. Taylor sold 29,887 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $12.15, for a total transaction of $363,127.05. Following the transaction, the insider now owns 124,283 shares of the company’s stock, valued at $1,510,038.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Palantir Technologies Trading Up 5.0 %
NYSE:PLTR opened at $12.84 on Friday. Palantir Technologies Inc. has a 12 month low of $5.84 and a 12 month high of $13.42. The company has a market cap of $27.19 billion, a PE ratio of -98.77, a price-to-earnings-growth ratio of 4.45 and a beta of 2.85. The company has a 50 day simple moving average of $8.83 and a two-hundred day simple moving average of $7.95.
Wall Street Analyst Weigh In
PLTR has been the subject of several recent research reports. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Monday, March 27th. Mizuho boosted their price objective on shares of Palantir Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, February 14th. Jefferies Financial Group boosted their price objective on shares of Palantir Technologies from $8.50 to $10.00 in a report on Tuesday, May 9th. Credit Suisse Group restated a “neutral” rating and issued a $11.00 price objective on shares of Palantir Technologies in a report on Wednesday, February 15th. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $5.00 price objective on shares of Palantir Technologies in a report on Thursday, February 23rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.54.
Institutional Investors Weigh In On Palantir Technologies
About Palantir Technologies
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.
- Get a free copy of the StockNews.com research report on Palantir Technologies (PLTR)
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