Palantir Technologies (NYSE:PLTR) Shares Up 1.3%

Shares of Palantir Technologies Inc. (NYSE:PLTR) shot up 1.3% during mid-day trading on Tuesday . The stock traded as high as $25.53 and last traded at $25.34. 19,864,796 shares were traded during trading, a decline of 65% from the average session volume of 57,283,227 shares. The stock had previously closed at $25.02.

Analyst Ratings Changes

Several brokerages have issued reports on PLTR. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, May 7th. Mizuho raised their price target on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. HSBC raised their price target on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and set a $35.00 price target on shares of Palantir Technologies in a report on Monday, May 6th. Finally, Bank of America raised their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.25.

Palantir Technologies Trading Up 3.1 %

The business has a 50 day moving average of $22.09 and a 200-day moving average of $21.10. The stock has a market cap of $57.45 billion, a PE ratio of 211.18, a price-to-earnings-growth ratio of 5.44 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The firm had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $22.74, for a total transaction of $113,700.00. Following the transaction, the director now owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Peter Thiel sold 6,285,833 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the completion of the sale, the director now directly owns 64,520,599 shares in the company, valued at approximately $1,376,224,376.67. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $22.74, for a total value of $113,700.00. Following the sale, the director now owns 186,783 shares of the company’s stock, valued at $4,247,445.42. The disclosure for this sale can be found here. Insiders have sold a total of 11,374,153 shares of company stock valued at $239,976,945 in the last quarter. 12.93% of the stock is currently owned by company insiders.

Institutional Trading of Palantir Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in PLTR. Truvestments Capital LLC increased its holdings in Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. First United Bank & Trust acquired a new stake in Palantir Technologies in the 4th quarter valued at $26,000. Pacifica Partners Inc. acquired a new stake in Palantir Technologies in the 4th quarter valued at $27,000. West Paces Advisors Inc. increased its holdings in Palantir Technologies by 110.7% in the 1st 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. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Palantir Technologies by 105.3% in the 1st 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. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

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.