Palantir Technologies (NYSE:PLTR) Trading Up 0.1%

Palantir Technologies Inc. (NYSE:PLTR - Get Free Report)'s stock price rose 0.1% on Thursday . The company traded as high as $21.37 and last traded at $21.33. Approximately 14,464,690 shares traded hands during trading, a decline of 78% from the average daily volume of 64,760,664 shares. The stock had previously closed at $21.31.

Analysts Set New Price Targets

PLTR has been the subject of a number of research analyst reports. Mizuho increased their price objective on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, March 7th. Wedbush reiterated an "outperform" rating and set a $35.00 target price (up from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Bank of America increased their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Citigroup upgraded shares of Palantir Technologies from a "sell" rating to a "neutral" rating and increased their target price for the stock from $10.00 to $20.00 in a report on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded shares of Palantir Technologies from an "underperform" rating to a "hold" rating and increased their target price for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average price target of $18.35.

Palantir Technologies Trading Down 0.9 %

The stock's fifty day moving average price is $23.84 and its two-hundred day moving average price is $19.82. The firm has a market capitalization of $46.73 billion, a price-to-earnings ratio of 234.69, a price-to-earnings-growth ratio of 5.37 and a beta of 2.78.

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

Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. Following the sale, the director now directly owns 191,783 shares in the company, valued at approximately $4,777,314.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. Following the sale, the director now directly owns 191,783 shares in the company, valued at approximately $4,777,314.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 120,000 shares of the firm's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the transaction, the insider now directly owns 181,460 shares in the company, valued at $3,992,120. The disclosure for this sale can be found here. Insiders have sold 7,456,273 shares of company stock worth $184,343,202 in the last ninety days. 13.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PLTR. AlphaCrest Capital Management LLC purchased a new position in Palantir Technologies during the 1st quarter worth $206,000. D.A. Davidson & CO. grew its position in Palantir Technologies by 18.6% during the 1st quarter. D.A. Davidson & CO. now owns 14,579 shares of the company's stock worth $200,000 after purchasing an additional 2,286 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Palantir Technologies during the 1st quarter worth $1,475,000. Cibc World Market Inc. grew its position in Palantir Technologies by 38.3% during the 1st quarter. Cibc World Market Inc. now owns 226,834 shares of the company's stock worth $3,114,000 after purchasing an additional 62,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Palantir Technologies by 71.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,153,018 shares of the company's stock valued at $15,832,000 after acquiring an additional 482,171 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

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.