Palantir Technologies Inc. (NYSE:PLTR) Director Sells $321,930.00 in Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Alexander D. Moore sold 21,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $14.70, for a total transaction of $321,930.00. Following the sale, the director now owns 1,721,219 shares of the company’s stock, valued at $25,301,919.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Palantir Technologies Price Performance

Shares of NYSE:PLTR opened at $18.89 on Monday. The company’s 50 day simple moving average is $15.84 and its 200 day simple moving average is $14.65. The stock has a market capitalization of $40.65 billion, a price-to-earnings ratio of -629.67, a price-to-earnings-growth ratio of 4.25 and a beta of 2.70. Palantir Technologies Inc. has a 1 year low of $5.84 and a 1 year high of $20.24.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $533.32 million for the quarter, compared to analysts’ expectations of $533.88 million. Palantir Technologies had a negative net margin of 2.35% and a negative return on equity of 4.37%. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.07 EPS for the current fiscal year.

Institutional Trading of Palantir Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of PLTR. AlphaCrest Capital Management LLC bought a new stake in shares of Palantir Technologies during the first quarter worth $206,000. D.A. Davidson & CO. grew its stake in shares of Palantir Technologies by 18.6% during the first quarter. D.A. Davidson & CO. now owns 14,579 shares of the company’s stock worth $200,000 after buying an additional 2,286 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of Palantir Technologies during the first quarter worth $1,475,000. Cibc World Market Inc. grew its stake in shares of Palantir Technologies by 38.3% in the first quarter. Cibc World Market Inc. now owns 226,834 shares of the company’s stock worth $3,114,000 after purchasing an additional 62,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Palantir Technologies by 71.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,153,018 shares of the company’s stock worth $15,832,000 after purchasing an additional 482,171 shares during the last quarter. Institutional investors own 34.21% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research reports. Morgan Stanley downgraded shares of Palantir Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $8.00 to $9.00 in a research report on Thursday, August 31st. Raymond James raised their price objective on shares of Palantir Technologies from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. DA Davidson raised their price objective on shares of Palantir Technologies from $8.50 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. Wedbush reiterated an “outperform” rating and issued a $25.00 price target on shares of Palantir Technologies in a research report on Monday, September 18th. Finally, Mizuho lifted their price target on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. Six analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $13.25.

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.