Palantir Technologies Inc. (NASDAQ:PLTR) Insider Sells $1,610,800.36 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the sale, the insider now owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Palantir Technologies Stock Up 1.1 %

PLTR traded up $1.25 during trading on Friday, hitting $119.16. 65,372,440 shares of the company traded hands, compared to its average volume of 76,371,120. The stock's fifty day moving average is $81.90 and its 200 day moving average is $56.56. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $120.67. The firm has a market cap of $271.45 billion, a P/E ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in Palantir Technologies during the third quarter worth about $25,000. Prestige Wealth Management Group LLC boosted its position in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares during the period. Roxbury Financial LLC bought a new position in Palantir Technologies during the fourth quarter worth about $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies in the fourth quarter worth $28,000. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after acquiring an additional 265 shares during the period. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. Baird R W raised shares of Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Citigroup lifted their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Finally, Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $69.44.

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.