Palantir Technologies (NASDAQ:PLTR) Given New $155.00 Price Target at Loop Capital

Palantir Technologies (NASDAQ:PLTR) had its price objective boosted by Loop Capital from $130.00 to $155.00 in a report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also commented on PLTR. DA Davidson increased their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Royal Bank of Canada reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. The Goldman Sachs Group increased their price target on Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Cantor Fitzgerald increased their price target on Palantir Technologies from $98.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Finally, Wedbush set a $140.00 price target on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $86.30.

Palantir Technologies Stock Performance

Shares of PLTR opened at $135.19 on Thursday. The firm has a market capitalization of $319.04 billion, a price-to-earnings ratio of 711.56, a PEG ratio of 10.84 and a beta of 2.64. The business’s fifty day moving average price is $114.28 and its two-hundred day moving average price is $94.12. Palantir Technologies has a 52 week low of $21.23 and a 52 week high of $140.00.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. As a group, research analysts forecast that Palantir Technologies will post 0.31 EPS for the current year.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Buckley sold 1,708 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $215,874.12. Following the sale, the insider now directly owns 34,468 shares in the company, valued at approximately $4,356,410.52. The trade was a 4.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,816,925 shares of company stock worth $215,448,358 in the last quarter. Corporate insiders own 9.23% of the company’s stock.

Institutional Trading of Palantir Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of PLTR. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the first quarter worth $25,000. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth $27,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the first quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the first quarter worth $27,000. Finally, HighMark Wealth Management LLC grew its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

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.