Palantir Technologies (NYSE:PLTR) Price Target Raised to $25.00 at Citigroup

Palantir Technologies (NYSE:PLTR) had its price objective boosted by research analysts at Citigroup from $23.00 to $25.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 15.96% from the company’s current price.

PLTR has been the topic of a number of other reports. Wedbush reissued an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a research note on Monday. Royal Bank of Canada boosted their price target on Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday. Raymond James raised their price objective on Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Bank of America boosted 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. Finally, HSBC raised their price target on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday. Five equities research 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. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $20.65.

Palantir Technologies Stock Performance

Shares of NYSE PLTR opened at $21.56 on Tuesday. The stock has a market capitalization of $47.71 billion, a P/E ratio of 239.58, a PEG ratio of 5.72 and a beta of 2.76. The stock’s fifty day moving average is $23.34 and its 200 day moving average is $20.35. Palantir Technologies has a 52 week low of $8.65 and a 52 week high of $27.50.

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

Insider Buying and Selling

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the completion of the transaction, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $22.74, for a total value of $113,700.00. Following the transaction, the director now directly owns 186,783 shares of the company’s stock, valued at $4,247,445.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now directly owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The disclosure for this sale can be found here. Insiders have sold a total of 7,206,273 shares of company stock worth $178,543,602 in the last ninety days. Company insiders own 13.96% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors have recently modified their holdings of the company. Halpern Financial Inc. lifted its holdings in Palantir Technologies by 44.0% in the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after buying an additional 440 shares during the period. Harbor Investment Advisory LLC raised its position in shares of Palantir Technologies by 16.9% in the 1st quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock worth $74,000 after acquiring an additional 463 shares in the last quarter. Principle Wealth Partners LLC lifted its stake in shares of Palantir Technologies by 4.8% in the 1st quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $241,000 after purchasing an additional 481 shares during the period. GSB Wealth Management LLC boosted its position in shares of Palantir Technologies by 4.6% during the 1st quarter. GSB Wealth Management LLC now owns 13,475 shares of the company’s stock valued at $310,000 after purchasing an additional 595 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its stake in Palantir Technologies by 1.0% during the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock worth $1,044,000 after purchasing an additional 618 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Company Profile

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.