Palantir Technologies (NASDAQ:PLTR) Given New $100.00 Price Target at DA Davidson

Palantir Technologies (NASDAQ:PLTR) had its price objective cut by DA Davidson from $105.00 to $100.00 in a research report released on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Citigroup upped their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. UBS Group lifted their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Robert W. Baird upped their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Loop Capital reiterated a “buy” rating on shares of Palantir Technologies in a report on Friday, April 4th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $74.95.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $92.62 on Monday. The company has a market capitalization of $217.23 billion, a P/E ratio of 487.50, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. Palantir Technologies has a 52 week low of $20.33 and a 52 week high of $125.41. The company’s 50 day moving average price is $92.63 and its two-hundred day moving average price is $73.66.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the transaction, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. This trade represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the sale, the director now owns 88,129 shares of the company’s stock, valued at $9,059,661.20. This trade represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock valued at $253,328,090 in the last quarter. 12.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

Hedge funds have recently bought and sold shares of the business. Mather Group LLC. increased its holdings in shares of Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after purchasing an additional 448 shares during the period. Diversify Wealth Management LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $876,000. Destiny Wealth Partners LLC acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $3,233,000. Kieckhefer Group LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $11,769,000. Finally, Grange Capital LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $5,829,000. 45.65% of the stock is owned by institutional investors.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.