Peter Thiel Sells 4,181,118 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 4,181,118 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $36.91, for a total transaction of $154,325,065.38. Following the completion of the transaction, the director now owns 38,502,451 shares in the company, valued at $1,421,125,466.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Peter Thiel also recently made the following trade(s):

• On Friday, September 27th, Peter Thiel sold 3,989,204 shares of Palantir Technologies stock. The shares were sold at an average price of $36.94, for a total transaction of $147,361,195.76.
• On Wednesday, September 25th, Peter Thiel sold 4,254,666 shares of Palantir Technologies stock. The shares were sold at an average price of $36.77, for a total transaction of $156,444,068.82.

Palantir Technologies Price Performance

Shares of NYSE PLTR opened at $39.25 on Friday. The company’s 50 day simple moving average is $32.23 and its 200 day simple moving average is $26.67. Palantir Technologies Inc. has a fifty-two week low of $14.48 and a fifty-two week high of $39.29. The firm has a market capitalization of $87.90 billion, a P/E ratio of 327.11 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The business had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 27.2% on a year-over-year basis. Sell-side analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in Palantir Technologies in the second quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies in the second quarter valued at approximately $25,000. West Paces Advisors Inc. increased its stake in Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after purchasing an additional 620 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Palantir Technologies in the second quarter valued at approximately $30,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after purchasing an additional 691 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Mizuho lowered shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $21.00 to $22.00 in a research report on Tuesday, July 16th. Northland Securities began coverage on shares of Palantir Technologies in a research report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 target price on the stock. DA Davidson upped their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Argus began coverage on shares of Palantir Technologies in a research report on Monday, June 17th. They set a “buy” rating and a $29.00 target price on the stock. Finally, Monness Crespi & Hardt reduced their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.29.

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.