Jeffrey Buckley Sells 1,708 Shares of Palantir Technologies Inc. (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Jeffrey Buckley sold 1,708 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $215,874.12. Following the sale, the insider now directly owns 34,468 shares of the company's stock, valued at approximately $4,356,410.52. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jeffrey Buckley also recently made the following trade(s):

• On Wednesday, May 21st, Jeffrey Buckley sold 189 shares of Palantir Technologies stock. The stock was sold at an average price of $125.97, for a total value of $23,808.33.

Palantir Technologies Stock Up 0.8%

Shares of NASDAQ PLTR traded up $1.02 during midday trading on Friday, hitting $123.31. 65,753,315 shares of the company's stock were exchanged, compared to its average volume of 77,648,947. Palantir Technologies Inc. has a 12 month low of $20.64 and a 12 month high of $133.49. The company's 50 day moving average price is $102.66 and its 200 day moving average price is $87.59. The firm has a market capitalization of $289.21 billion, a PE ratio of 649.03, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PLTR shares. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Royal Bank of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Cantor Fitzgerald raised their price objective on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Jefferies Financial Group increased their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Finally, UBS Group raised their price target on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $83.95.

Institutional Trading of Palantir Technologies

Institutional investors have recently added to or reduced their stakes in the company. Mechanics Financial Corp bought a new stake in Palantir Technologies in the 1st quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $27,000. Roxbury Financial LLC acquired a new position in Palantir Technologies in the 4th quarter valued at $27,000. Finally, First PREMIER Bank acquired a new position in Palantir Technologies in the 4th quarter valued at $28,000. 45.65% of the stock is currently owned by institutional investors.

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.