Palantir Technologies (NYSE:PLTR) Stock Price Up 1.3%

Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) shares shot up 1.3% during trading on Friday . The company traded as high as $22.17 and last traded at $21.94. 13,775,452 shares changed hands during trading, a decline of 78% from the average session volume of 62,038,824 shares. The stock had previously closed at $21.65.

Analyst Upgrades and Downgrades

A number of research firms have commented on PLTR. William Blair reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Royal Bank of Canada increased their target price on Palantir Technologies from $5.00 to $9.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 7th. HSBC increased their target price on Palantir Technologies from $22.00 to $23.00 and gave the stock a "hold" rating in a research report on Tuesday, May 7th. Monness Crespi & Hardt raised Palantir Technologies from a "sell" rating to a "neutral" rating in a research report on Friday, April 26th. Finally, Raymond James increased their target price on Palantir Technologies from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 6th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies has an average rating of "Hold" and an average price target of $20.65.

Palantir Technologies Trading Up 0.5 %

The company has a market cap of $48.14 billion, a PE ratio of 181.35, a P/E/G ratio of 4.95 and a beta of 2.76. The firm has a 50 day moving average of $22.82 and a two-hundred day moving average of $20.55.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 8,521 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $23.27, for a total transaction of $198,283.67. Following the sale, the insider now directly owns 703,485 shares in the company, valued at approximately $16,370,095.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Palantir Technologies news, insider Heather A. Planishek sold 8,521 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $23.27, for a total transaction of $198,283.67. Following the sale, the insider now directly owns 703,485 shares in the company, valued at approximately $16,370,095.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Thiel sold 5,000,000 shares of the stock in a transaction on 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 sale, the director now owns 15,733,625 shares in the company, valued at $326,944,727.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,457,938 shares of company stock worth $415,665,719. Insiders own 13.96% of the company's stock.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Montchanin Asset Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth $333,000. Plato Investment Management Ltd boosted its stake in shares of Palantir Technologies by 1,750.7% in the 1st quarter. Plato Investment Management Ltd now owns 57,780 shares of the company's stock worth $1,330,000 after buying an additional 54,658 shares during the last quarter. Western Pacific Wealth Management LP boosted its stake in shares of Palantir Technologies by 33.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 51,255 shares of the company's stock worth $1,179,000 after buying an additional 12,868 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of Palantir Technologies by 7.1% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 18,612 shares of the company's stock worth $428,000 after buying an additional 1,241 shares during the last quarter. Finally, Beacon Capital Management LLC raised its holdings in Palantir Technologies by 269.5% in the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company's stock worth $35,000 after purchasing an additional 1,105 shares during the period. 45.65% of the stock is currently 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.