Palantir Technologies (NYSE:PLTR) PT Raised to $30.00 at Mizuho

Palantir Technologies (NYSE:PLTR) had its target price upped by equities researchers at Mizuho from $24.00 to $30.00 in a report released on Thursday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s price target points to a potential downside of 30.15% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group raised their price target on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Wedbush boosted their price target on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Royal Bank of Canada reiterated an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 6th. DA Davidson upped their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Northland Securities started coverage on Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price target on the stock. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.86.

Palantir Technologies Price Performance

PLTR stock opened at $42.95 on Thursday. Palantir Technologies has a 12 month low of $14.48 and a 12 month high of $44.39. The firm’s 50-day moving average is $35.60 and its 200 day moving average is $28.06. The company has a market capitalization of $96.18 billion, a PE ratio of 252.66 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. During the same period last year, the business posted $0.01 earnings per share. The business’s revenue was up 27.2% compared to the same quarter last year. Sell-side analysts forecast that Palantir Technologies will post 0.19 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total transaction of $80,611.50. Following the sale, the director now owns 65,989 shares of the company’s stock, valued at approximately $1,744,089.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.43, for a total transaction of $80,611.50. Following the completion of the sale, the director now owns 65,989 shares of the company’s stock, valued at approximately $1,744,089.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 249,684 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $30.01, for a total value of $7,493,016.84. Following the completion of the transaction, the insider now directly owns 372,565 shares in the company, valued at $11,180,675.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,747,176 shares of company stock valued at $646,951,347 in the last three months. 12.93% of the stock is owned by insiders.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of PLTR. EP Wealth Advisors LLC raised its holdings in shares of Palantir Technologies by 25.1% during the fourth quarter. EP Wealth Advisors LLC now owns 16,516 shares of the company’s stock worth $284,000 after purchasing an additional 3,316 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $727,000. PNC Financial Services Group Inc. lifted its holdings in shares of Palantir Technologies by 11.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 57,069 shares of the company’s stock valued at $980,000 after buying an additional 5,759 shares during the period. NBC Securities Inc. boosted its stake in shares of Palantir Technologies by 112.2% in the first quarter. NBC Securities Inc. now owns 2,534 shares of the company’s stock worth $58,000 after buying an additional 1,340 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Palantir Technologies by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,809 shares of the company’s stock worth $65,000 after acquiring an additional 758 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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.