Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) insider Ryan D. Taylor sold 249,684 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $30.01, for a total transaction of $7,493,016.84. Following the transaction, the insider now owns 372,565 shares in the company, valued at $11,180,675.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Palantir Technologies Trading Up 3.4 %
- MarketBeat Week in Review – 8/5 - 8/9
NYSE:PLTR traded up $1.01 during mid-day trading on Tuesday, reaching $30.39. 56,880,492 shares of the stock were exchanged, compared to its average volume of 55,742,715. The business has a fifty day moving average price of $26.13 and a 200 day moving average price of $23.78. The firm has a market capitalization of $67.68 billion, a PE ratio of 253.58, a PEG ratio of 6.14 and a beta of 2.71. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $31.20.
Palantir Technologies (NYSE:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 9.24% and a net margin of 16.32%. The firm's revenue was up 27.2% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.
Institutional Trading of Palantir Technologies
- Palantir Stock Surges After Strong Earnings: Is $30 Too Low?
Institutional investors have recently bought and sold shares of the stock. Pursue Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at $1,741,000. Vanguard Group Inc. lifted its stake in shares of Palantir Technologies by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company's stock valued at $3,327,636,000 after acquiring an additional 6,466,596 shares during the period. SG Americas Securities LLC increased its holdings in Palantir Technologies by 183.3% in the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company's stock valued at $3,645,000 after purchasing an additional 102,479 shares during the last quarter. Accel Wealth Management bought a new stake in shares of Palantir Technologies in the first quarter worth about $360,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Palantir Technologies by 185.6% during the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company's stock worth $1,317,000 after buying an additional 49,839 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.
Wall Street Analyst Weigh In
PLTR has been the topic of a number of analyst reports. HSBC lifted their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, May 7th. Argus initiated coverage on shares of Palantir Technologies in a research report on Monday, June 17th. They issued a "buy" rating and a $29.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a "sell" rating in a research report on Tuesday, August 6th. Mizuho lowered shares of Palantir Technologies from a "neutral" rating to an "underperform" rating and lifted their price objective for the company from $21.00 to $22.00 in a research report on Tuesday, July 16th. Finally, Citigroup boosted their target price on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $23.14.
- Why This AI Stock is Rising Despite Tech Sell-Off
Get Our Latest Stock Analysis on Palantir Technologies
Palantir Technologies Company Profile
(Get Free Report)
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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