Palantir Technologies Inc. (NYSE:PLTR) Insider Heather A. Planishek Sells 11,373 Shares of Stock

Palantir Technologies Inc. (NYSE:PLTR) insider Heather A. Planishek sold 11,373 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $32.25, for a total value of $366,779.25. Following the transaction, the insider now owns 600,633 shares of the company’s stock, valued at approximately $19,370,414.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Palantir Technologies Stock Performance

NYSE:PLTR opened at $31.93 on Friday. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $33.13. The firm has a market cap of $71.49 billion, a price-to-earnings ratio of 266.06, a PEG ratio of 5.66 and a beta of 2.71. The firm’s fifty day moving average is $27.48 and its two-hundred day moving average is $24.53.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The business had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The company’s revenue was up 27.2% compared to the same quarter last year. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after purchasing an additional 6,466,596 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Palantir Technologies by 248,208.2% during the first quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock worth $83,418,000 after acquiring an additional 3,623,840 shares during the period. Marshall Wace LLP increased its stake in shares of Palantir Technologies by 594.3% during the second quarter. Marshall Wace LLP now owns 3,550,176 shares of the company’s stock worth $89,926,000 after acquiring an additional 3,038,861 shares during the period. Norges Bank acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $46,542,000. Finally, Coatue Management LLC grew its position in Palantir Technologies by 285.6% during the fourth quarter. Coatue Management LLC now owns 3,447,363 shares of the company’s stock worth $59,191,000 after buying an additional 2,553,432 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Northland Securities initiated coverage on Palantir Technologies in a research report on Thursday. They set a “market perform” rating and a $35.00 price objective for the company. Raymond James raised their price objective on Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $35.00 price target on shares of Palantir Technologies in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.93.

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.