Peter Thiel Sells 5,000,000 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) Director Peter Thiel sold 5,000,000 shares of the firm's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $20.78, for a total value of $103,900,000.00. Following the transaction, the director now directly owns 15,733,625 shares in the company, valued at $326,944,727.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Peter Thiel also recently made the following trade(s):

• On Wednesday, May 8th, Peter Thiel sold 6,285,833 shares of Palantir Technologies stock. The stock was sold at an average price of $21.33, for a total transaction of $134,076,817.89.
• On Tuesday, March 12th, Peter Thiel sold 7,044,756 shares of Palantir Technologies stock. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $0.52 during trading hours on Friday, hitting $20.62. The company's stock had a trading volume of 59,618,139 shares, compared to its average volume of 63,520,242. Palantir Technologies Inc. has a 12-month low of $9.02 and a 12-month high of $27.50. The business has a 50 day moving average price of $23.20 and a two-hundred day moving average price of $20.36. The company has a market cap of $45.63 billion, a PE ratio of 231.36, a PEG ratio of 5.72 and a beta of 2.76.

Palantir Technologies (NYSE:PLTR - Get Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) 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 firm had revenue of $608.35 million during the quarter, compared to the consensus estimate of $603.48 million. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PLTR shares. Mizuho lifted their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, March 7th. William Blair reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday. Royal Bank of Canada lifted their price objective on Palantir Technologies from $5.00 to $9.00 and gave the stock an "underperform" rating in a report on Tuesday. Monness Crespi & Hardt raised Palantir Technologies from a "sell" rating to a "neutral" rating in a report on Friday, April 26th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $35.00 price objective on shares of Palantir Technologies in a report on Monday. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.65.

Institutional Investors Weigh In On Palantir Technologies

Several large investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. grew its stake in shares of Palantir Technologies by 9.9% during the third quarter. Brown Advisory Inc. now owns 14,425 shares of the company's stock valued at $231,000 after buying an additional 1,300 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Palantir Technologies by 26.0% during the third quarter. Mackenzie Financial Corp now owns 125,145 shares of the company's stock worth $1,865,000 after buying an additional 25,852 shares during the period. Strs Ohio purchased a new stake in Palantir Technologies during the third quarter worth $805,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Palantir Technologies by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,363 shares of the company's stock worth $694,000 after buying an additional 11,219 shares during the period. Finally, Advisor Partners II LLC purchased a new stake in Palantir Technologies during the third quarter worth $227,000. 45.65% of the stock is owned by institutional investors.

About Palantir Technologies

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.

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