Palantir Technologies (NYSE:PLTR) Stock Rating Reaffirmed by William Blair

Palantir Technologies (NYSE:PLTR)‘s stock had its “underperform” rating restated by research analysts at William Blair in a research report issued on Tuesday, RTT News reports.

Other research analysts also recently issued research reports about the stock. Wedbush restated an “outperform” rating and set a $35.00 price objective on shares of Palantir Technologies in a report on Monday. Raymond James boosted their price target on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Jefferies Financial Group raised Palantir Technologies from an “underperform” rating to a “hold” rating and raised their target price for the company from $13.00 to $22.00 in a research report on Tuesday, February 6th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research note on Wednesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.65.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $21.56 on Tuesday. The company has a market cap of $47.71 billion, a P/E ratio of 239.58, a PEG ratio of 5.72 and a beta of 2.76. Palantir Technologies has a fifty-two week low of $8.65 and a fifty-two week high of $27.50. The stock has a 50 day simple moving average of $23.34 and a two-hundred day simple moving average of $20.35.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share 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 company had revenue of $608.35 million during the quarter, compared to the consensus estimate of $603.48 million. On average, research analysts predict that Palantir Technologies will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

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 stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the transaction, the director now owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $22.74, for a total transaction of $113,700.00. Following the transaction, the director now directly owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the transaction, the director now directly owns 1,595,519 shares of the company’s stock, valued at $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 valued at $178,543,602 in the last quarter. Insiders own 13.96% of the company’s stock.

Institutional Trading of Palantir Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pursue Wealth Partners LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $1,741,000. Qsemble Capital Management LP purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $1,178,000. Trexquant Investment LP bought a new position in Palantir Technologies in the 3rd quarter valued at approximately $4,446,000. Raymond James Financial Services Advisors Inc. boosted its stake in Palantir Technologies by 10.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock valued at $20,549,000 after purchasing an additional 116,220 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Palantir Technologies by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 684,953 shares of the company’s stock worth $10,959,000 after purchasing an additional 25,787 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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.