Palantir Technologies (NYSE:PLTR) Stock Price Down 0.7%

Palantir Technologies Inc. (NYSE:PLTR) traded down 0.7% during trading on Friday . The company traded as low as $20.79 and last traded at $20.98. 11,441,608 shares were traded during trading, a decline of 82% from the average session volume of 64,296,809 shares. The stock had previously closed at $21.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Monness Crespi & Hardt cut Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a research note on Thursday, March 28th. Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $10.00 to $20.00 in a research note on Tuesday, February 6th. Bank of America lifted their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada reissued an “underperform” rating and issued a $5.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 6th. Finally, Jefferies Financial Group raised Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.35.

Palantir Technologies Price Performance

The stock has a market capitalization of $45.29 billion, a PE ratio of 227.47, a PEG ratio of 5.18 and a beta of 2.78. The business has a 50 day moving average price of $23.77 and a 200 day moving average price of $19.89.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The company had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. On average, equities analysts expect that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insider Activity

In other news, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the transaction, the insider now directly owns 181,460 shares of the company’s stock, valued at $3,992,120. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Palantir Technologies news, insider Shyam Sankar sold 29,168 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.00, for a total value of $729,200.00. Following the transaction, the insider now owns 752,786 shares of the company’s stock, valued at $18,819,650. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 120,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total value of $2,640,000.00. Following the completion of the transaction, the insider now directly owns 181,460 shares in the company, valued at approximately $3,992,120. The disclosure for this sale can be found here. Insiders have sold a total of 7,456,273 shares of company stock valued at $184,343,202 over the last ninety days. 13.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC lifted its holdings in Palantir Technologies by 74.9% in the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares during the period. First United Bank & Trust bought a new position in Palantir Technologies in the fourth quarter valued at about $26,000. Pacifica Partners Inc. bought a new position in shares of Palantir Technologies in the fourth quarter worth about $27,000. West Paces Advisors Inc. raised its stake in shares of Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after buying an additional 620 shares during the period. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $28,000. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

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.