Palantir Technologies (NYSE:PLTR) Price Target Increased to $25.00 by Analysts at Citigroup

Palantir Technologies (NYSE:PLTR - Get Free Report) had its price objective raised by stock analysts at Citigroup from $23.00 to $25.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's target price suggests a potential upside of 16.80% from the stock's previous close.

A number of other research analysts also recently commented on PLTR. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a "sell" rating in a research report on Tuesday. HSBC boosted their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday. William Blair reiterated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday. Wedbush restated an "outperform" rating and set a $35.00 price objective on shares of Palantir Technologies in a research note on Monday. Finally, Mizuho lifted their target price on Palantir Technologies from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, March 7th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.65.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock traded down $3.80 during trading on Tuesday, hitting $21.41. The stock had a trading volume of 160,625,205 shares, compared to its average volume of 63,619,027. The stock has a market cap of $47.36 billion, a PE ratio of 239.92, a PEG ratio of 5.72 and a beta of 2.76. Palantir Technologies has a 12 month low of $7.59 and a 12 month high of $27.50. The firm's fifty day simple moving average is $23.36 and its 200-day simple moving average is $20.25.

Palantir Technologies (NYSE:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The business had revenue of $608.35 million during the quarter, compared to analysts' expectations of $603.48 million. Analysts expect that Palantir Technologies will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 150,000 shares of Palantir Technologies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $24.00, for a total transaction of $3,600,000.00. Following the completion of the sale, the insider now owns 181,460 shares of the company's stock, valued at approximately $4,355,040. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Ryan D. Taylor sold 150,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $24.00, for a total value of $3,600,000.00. Following the transaction, the insider now owns 181,460 shares in the company, valued at approximately $4,355,040. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now owns 1,595,519 shares of the company's stock, valued at $35,133,328.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,356,273 shares of company stock worth $182,143,602. 13.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC boosted its holdings in Palantir Technologies by 74.9% during the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company's stock worth $26,000 after buying an additional 700 shares in the last quarter. First United Bank & Trust purchased a new stake in shares of Palantir Technologies during the 4th quarter worth about $26,000. Pacifica Partners Inc. acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at about $27,000. West Paces Advisors Inc. increased its stake in shares of Palantir Technologies by 110.7% in the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company's stock valued at $27,000 after purchasing an additional 620 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Palantir Technologies by 105.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company's stock worth $31,000 after purchasing an additional 691 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

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.