Ryan Taylor Sells 19,988 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider Ryan Taylor sold 19,988 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,672,795.36. Following the completion of the transaction, the insider directly owned 219,421 shares of the company’s stock, valued at approximately $29,340,976.12. This trade represents a 8.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Palantir Technologies Stock Up 4.2%

Shares of NASDAQ PLTR opened at $134.19 on Thursday. The firm’s 50-day moving average price is $161.79 and its 200-day moving average price is $170.49. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The company has a market cap of $319.83 billion, a PE ratio of 213.00, a PEG ratio of 2.48 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 70.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research reports. Phillip Securities began coverage on Palantir Technologies in a research report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 target price on the stock. Weiss Ratings cut shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, CICC Research lifted their price target on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $191.05.

Check Out Our Latest Analysis on Palantir Technologies

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds have recently modified their holdings of the company. Occidental Asset Management LLC boosted its holdings in Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock worth $358,000 after buying an additional 53 shares during the period. Gallacher Capital Management LLC lifted its position in shares of Palantir Technologies by 2.2% in the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after acquiring an additional 53 shares in the last quarter. Bare Financial Services Inc boosted its stake in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the period. Lionshead Wealth Management LLC grew its position in shares of Palantir Technologies by 0.4% during the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock worth $2,395,000 after purchasing an additional 56 shares in the last quarter. Finally, Ellenbecker Investment Group grew its position in shares of Palantir Technologies by 3.6% during the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after purchasing an additional 57 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

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About Palantir Technologies

(Get Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Insider Buying and Selling by Quarter for Palantir Technologies (NASDAQ:PLTR)

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