David Glazer Sells 17,438 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider David Glazer sold 17,438 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the transaction, the insider owned 392,370 shares in the company, valued at $52,467,716.40. The trade was a 4.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $134.19 on Thursday. The stock’s fifty day moving average is $161.79 and its two-hundred day moving average is $170.49. The firm has a market capitalization of $319.83 billion, a P/E ratio of 213.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Palantir Technologies

Hedge funds have recently bought and sold shares of the company. Tempo Wealth LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $3,376,000. Thryve Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $426,000. MidFirst Bank purchased a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $760,000. DGS Capital Management LLC grew its holdings in shares of Palantir Technologies by 0.5% in the fourth quarter. DGS Capital Management LLC now owns 73,417 shares of the company’s stock valued at $13,050,000 after purchasing an additional 375 shares in the last quarter. Finally, Ketron Financial acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $601,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Loop Capital cut their price target on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a report on Friday, January 30th. DA Davidson cut their target price on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. The Goldman Sachs Group reduced their target price on Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a report on Thursday, January 22nd. Finally, Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $191.05.

View Our Latest Report on PLTR

Palantir Technologies News Summary

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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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