Palantir Technologies Inc. (NYSE:PLTR – Get Free Report) insider Ryan D. Taylor sold 155,539 shares of Palantir Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $35.02, for a total value of $5,446,975.78. Following the completion of the sale, the insider now directly owns 331,369 shares of the company’s stock, valued at $11,604,542.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Palantir Technologies Stock Performance
PLTR stock traded up $0.08 during midday trading on Thursday, hitting $34.93. 54,287,973 shares of the company’s stock were exchanged, compared to its average volume of 55,000,363. The stock’s fifty day moving average price is $29.52 and its 200-day moving average price is $25.40. The company has a market cap of $77.79 billion, a PE ratio of 291.08, a price-to-earnings-growth ratio of 5.35 and a beta of 2.72. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $35.40.
Palantir Technologies (NYSE:PLTR – Get Free Report) last released its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. Palantir Technologies’s revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. On average, analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.
Hedge Funds Weigh In On Palantir Technologies
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Northland Capmk raised Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Bank of America lifted their price objective on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James lifted their price objective on Palantir Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Finally, Monness Crespi & Hardt decreased their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, August 6th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.79.
Get Our Latest Research Report on Palantir Technologies
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.
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