Palantir Technologies Inc. (NYSE:PLTR) Insider Ryan D. Taylor Sells 155,539 Shares

Palantir Technologies Inc. (NYSE:PLTR) 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) 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

A number of institutional investors have recently bought and sold shares of PLTR. Evolution Wealth Advisors LLC grew its position in shares of Palantir Technologies by 0.5% in the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after purchasing an additional 360 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Palantir Technologies by 2.6% during the second quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock worth $386,000 after purchasing an additional 379 shares during the last quarter. Gradient Investments LLC lifted its stake in Palantir Technologies by 21.4% during the second quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after purchasing an additional 406 shares during the last quarter. Apella Capital LLC lifted its stake in Palantir Technologies by 3.7% during the second quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock worth $323,000 after purchasing an additional 416 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Palantir Technologies by 1.2% during the second quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after purchasing an additional 416 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.

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.