Palantir Technologies Inc. (NASDAQ:PLTR) Director Eric H. Woersching Sells 10,214 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Eric H. Woersching sold 10,214 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total value of $1,337,523.30. Following the sale, the director owned 2,348 shares in the company, valued at $307,470.60. The trade was a 81.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Palantir Technologies Stock Up 1.6%

Palantir Technologies stock traded up $2.15 during midday trading on Friday, hitting $134.27. 41,812,483 shares of the stock were exchanged, compared to its average volume of 82,906,073. The stock has a market capitalization of $316.85 billion, a PE ratio of 583.76, a P/E/G ratio of 11.47 and a beta of 2.59. The company has a fifty day simple moving average of $128.47 and a two-hundred day simple moving average of $101.48. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the 1st quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $27,000. Richardson Capital Management LLC bought a new position in Palantir Technologies in the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLTR. Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Citigroup raised their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley boosted their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Mizuho increased their price objective on Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research report on Wednesday, June 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.