Palantir Technologies Inc. (NYSE:PLTR) Insider Heather A. Planishek Sells 2,398 Shares

Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) insider Heather A. Planishek sold 2,398 shares of the company's stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total transaction of $51,077.40. Following the sale, the insider now owns 639,696 shares in the company, valued at $13,625,524.80. The sale was disclosed in a filing with the SEC, which is available at this link.

Palantir Technologies Stock Down 0.3 %

Shares of Palantir Technologies stock traded down $0.06 during trading on Wednesday, reaching $21.18. The company's stock had a trading volume of 24,980,027 shares, compared to its average volume of 61,221,039. Palantir Technologies Inc. has a 52-week low of $11.82 and a 52-week high of $27.50. The company has a market cap of $47.17 billion, a price-to-earnings ratio of 176.51, a PEG ratio of 4.94 and a beta of 2.76. The firm's 50-day moving average is $22.59 and its two-hundred day moving average is $20.72.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wedbush restated an "outperform" rating and set a $35.00 price target on shares of Palantir Technologies in a research note on Monday, May 6th. Citigroup upped their price target on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Tuesday, May 7th. Mizuho upped their price target on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, March 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a "sell" rating in a research note on Tuesday, May 7th. Finally, Jefferies Financial Group raised shares of Palantir Technologies from an "underperform" rating to a "hold" rating and upped their target price for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $20.65.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors have recently made changes to their positions in the business. Halpern Financial Inc. boosted its position in Palantir Technologies by 44.0% during the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company's stock valued at $33,000 after buying an additional 440 shares during the period. Harbor Investment Advisory LLC boosted its position in Palantir Technologies by 16.9% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company's stock valued at $74,000 after buying an additional 463 shares during the period. Principle Wealth Partners LLC boosted its position in Palantir Technologies by 4.8% during the 1st quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company's stock valued at $241,000 after buying an additional 481 shares during the period. GSB Wealth Management LLC boosted its position in Palantir Technologies by 4.6% during the 1st quarter. GSB Wealth Management LLC now owns 13,475 shares of the company's stock valued at $310,000 after buying an additional 595 shares during the period. Finally, Fiduciary Alliance LLC boosted its position in Palantir Technologies by 1.0% during the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company's stock valued at $1,044,000 after buying an additional 618 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

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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