Palantir Technologies (NYSE:PLTR) Price Target Increased to $20.00 by Analysts at Deutsche Bank Aktiengesellschaft

Palantir Technologies (NYSE:PLTR) had its target price upped by research analysts at Deutsche Bank Aktiengesellschaft from $18.00 to $20.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential downside of 7.24% from the stock’s previous close.

A number of other analysts also recently commented on the company. Raymond James raised their price objective on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a report on Wednesday, February 14th. Jefferies Financial Group raised shares of Palantir Technologies from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Mizuho increased their price target on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Finally, Monness Crespi & Hardt raised Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $20.65.

Palantir Technologies Trading Up 0.7 %

Shares of Palantir Technologies stock opened at $21.56 on Tuesday. Palantir Technologies has a 1 year low of $8.65 and a 1 year high of $27.50. The company’s fifty day simple moving average is $23.34 and its 200-day simple moving average is $20.35. The company has a market cap of $47.71 billion, a price-to-earnings ratio of 239.58, a PEG ratio of 5.72 and a beta of 2.76.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $603.48 million. As a group, research analysts forecast that Palantir Technologies will post 0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $25.10, for a total transaction of $125,500.00. Following the transaction, the director now directly owns 181,830 shares in the company, valued at $4,563,933. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $25.10, for a total transaction of $125,500.00. Following the transaction, the director now owns 181,830 shares of the company’s stock, valued at $4,563,933. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather A. Planishek sold 32,828 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $25.95, for a total value of $851,886.60. Following the sale, the insider now directly owns 662,006 shares of the company’s stock, valued at $17,179,055.70. The disclosure for this sale can be found here. Insiders have sold a total of 7,206,273 shares of company stock valued at $178,543,602 in the last 90 days. 13.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors have recently made changes to their positions in the stock. Raymond James & Associates boosted its holdings in Palantir Technologies by 18.8% during the third quarter. Raymond James & Associates now owns 1,563,991 shares of the company’s stock worth $25,024,000 after buying an additional 247,595 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Palantir Technologies by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,537,415 shares of the company’s stock worth $120,599,000 after acquiring an additional 72,889 shares during the last quarter. Brown Advisory Inc. grew its holdings in Palantir Technologies by 9.9% during the third quarter. Brown Advisory Inc. now owns 14,425 shares of the company’s stock valued at $231,000 after purchasing an additional 1,300 shares during the period. Mackenzie Financial Corp increased its stake in Palantir Technologies by 26.0% in the third quarter. Mackenzie Financial Corp now owns 125,145 shares of the company’s stock valued at $1,865,000 after purchasing an additional 25,852 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Palantir Technologies by 12.2% during the third quarter. Brighton Jones LLC now owns 30,191 shares of the company’s stock worth $483,000 after purchasing an additional 3,294 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

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.