Palantir Technologies (NYSE:PLTR) Trading Up 0.1%

Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) shares traded up 0.1% on Thursday . The company traded as high as $21.82 and last traded at $21.70. 9,705,428 shares changed hands during trading, a decline of 84% from the average session volume of 62,355,152 shares. The stock had previously closed at $21.67.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PLTR shares. William Blair reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Wedbush reaffirmed an "outperform" rating and set a $35.00 price target on shares of Palantir Technologies in a research report on Monday, May 6th. Mizuho lifted their price target on Palantir Technologies from $18.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, March 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $18.00 to $20.00 and gave the company a "sell" rating in a research note on Tuesday, May 7th. Finally, DA Davidson lifted their target price on Palantir Technologies from $19.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 7th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $20.65.

Palantir Technologies Trading Down 0.0 %

The company's fifty day moving average is $22.82 and its 200 day moving average is $20.55. The company has a market capitalization of $47.94 billion, a P/E ratio of 180.54, a P/E/G ratio of 4.78 and a beta of 2.76.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 50,000 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $23.57, for a total value of $1,178,500.00. Following the completion of the transaction, the insider now directly owns 752,786 shares of the company's stock, valued at approximately $17,743,166.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Palantir Technologies news, insider Shyam Sankar sold 50,000 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $23.57, for a total value of $1,178,500.00. Following the completion of the transaction, the insider now directly owns 752,786 shares of the company's stock, valued at approximately $17,743,166.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Thiel sold 5,000,000 shares of the firm's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $20.78, for a total transaction of $103,900,000.00. Following the completion of the transaction, the director now directly owns 15,733,625 shares of the company's stock, valued at $326,944,727.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,457,938 shares of company stock valued at $415,665,719. Company insiders own 13.96% of the company's stock.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently made changes to their positions in the stock. Halpern Financial Inc. lifted its holdings in shares of 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 acquiring an additional 440 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Palantir Technologies by 16.9% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company's stock worth $74,000 after acquiring an additional 463 shares during the last quarter. Principle Wealth Partners LLC lifted its holdings in shares of Palantir Technologies by 4.8% during the 1st quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company's stock worth $241,000 after acquiring an additional 481 shares during the last quarter. GSB Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 4.6% during the 1st quarter. GSB Wealth Management LLC now owns 13,475 shares of the company's stock worth $310,000 after acquiring an additional 595 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its holdings in shares of Palantir Technologies by 1.0% during the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company's stock worth $1,044,000 after acquiring an additional 618 shares during the last quarter. 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.