Palantir Technologies Inc. (NYSE:PLTR - Get Free Report)'s stock price was up 3.3% during mid-day trading on Friday . The stock traded as high as $22.67 and last traded at $22.43. Approximately 15,405,387 shares changed hands during trading, a decline of 75% from the average daily volume of 62,470,840 shares. The stock had previously closed at $21.71.
Analyst Ratings Changes
A number of analysts have recently issued reports on PLTR shares. Monness Crespi & Hardt upgraded Palantir Technologies from a "sell" rating to a "neutral" rating in a report on Friday. HSBC lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating and set a $22.00 price objective on the stock. in a research note on Wednesday, February 14th. 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 research note on Thursday, March 7th. Raymond James upped their price target on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 6th. Finally, Citigroup upgraded Palantir Technologies from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $10.00 to $20.00 in a report on Tuesday, February 6th. Three 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, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $18.35.
Read Our Latest Stock Analysis on Palantir Technologies
Palantir Technologies Stock Performance
The stock has a market cap of $49.83 billion, a P/E ratio of 250.22, a P/E/G ratio of 5.29 and a beta of 2.78. The firm has a 50 day moving average of $23.49 and a two-hundred day moving average of $20.01.
Palantir Technologies (NYSE:PLTR - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.43% and a return on equity of 6.17%. The business had revenue of $608.35 million during the quarter, compared to the consensus estimate of $603.48 million. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.
Insider Activity at Palantir Technologies
In related news, Director Alexandra W. Schiff sold 5,000 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $22.74, for a total value of $113,700.00. Following the completion of the transaction, the director now directly owns 186,783 shares of the company's stock, valued at $4,247,445.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the company's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the sale, the director now directly owns 175,830 shares in the company, valued at $4,163,654.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction on Monday, April 1st. The shares were sold at an average price of $22.74, for a total value of $113,700.00. Following the transaction, the director now directly owns 186,783 shares of the company's stock, valued at $4,247,445.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,456,273 shares of company stock worth $184,343,202. Company insiders own 13.96% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Halpern Financial Inc. lifted 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 worth $33,000 after buying an additional 440 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Palantir Technologies by 16.9% during the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company's stock valued at $74,000 after purchasing an additional 463 shares during the last quarter. Principle Wealth Partners LLC increased its holdings in shares of Palantir Technologies by 4.8% in the first quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company's stock valued at $241,000 after purchasing an additional 481 shares in the last quarter. Fiduciary Alliance LLC raised its position in Palantir Technologies by 1.0% in the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company's stock worth $1,044,000 after purchasing an additional 618 shares during the last quarter. Finally, West Paces Advisors Inc. lifted its holdings in Palantir Technologies by 110.7% during the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company's stock worth $27,000 after buying an additional 620 shares in the last quarter. Institutional investors own 45.65% of the company's stock.
About Palantir Technologies
(
Get Free Report)
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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