Insider Buying: Palantir Technologies Inc. (NASDAQ:PLTR) Insider Buys 10,000 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Heather A. Planishek purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $116.14 per share, with a total value of $1,161,400.00. Following the acquisition, the insider now directly owns 58,006 shares of the company's stock, valued at $6,736,816.84. This represents a 20.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Palantir Technologies Trading Up 1.0%

Shares of NASDAQ:PLTR traded up $1.16 during mid-day trading on Monday, reaching $118.46. The stock had a trading volume of 93,955,705 shares, compared to its average volume of 76,014,922. The company has a market cap of $277.83 billion, a P/E ratio of 623.51, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 1 year low of $20.60 and a 1 year high of $125.41. The business's 50 day moving average price is $94.23 and its 200 day moving average price is $82.54.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The firm had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company's quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. DA Davidson upped their price target on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Robert W. Baird increased their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Loop Capital upped their target price on Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Mizuho raised their price target on Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $83.95.

Institutional Trading of Palantir Technologies

A number of institutional investors have recently made changes to their positions in PLTR. Franklin Resources Inc. lifted its position in Palantir Technologies by 102.3% during the 3rd quarter. Franklin Resources Inc. now owns 171,653 shares of the company's stock worth $6,385,000 after acquiring an additional 86,793 shares during the period. Czech National Bank lifted its holdings in shares of Palantir Technologies by 8.3% in the 4th quarter. Czech National Bank now owns 444,441 shares of the company's stock valued at $33,613,000 after buying an additional 34,212 shares during the period. Aprio Wealth Management LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $325,000. EWG Elevate Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $217,000. Finally, TT International Asset Management LTD acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $264,000. Institutional investors and hedge funds own 45.65% of the company's stock.

About Palantir Technologies

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.

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