Palantir Technologies (NYSE:PLTR) Shares Down 0.1%

Shares of Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) fell 0.1% during mid-day trading on Monday . The company traded as low as $20.36 and last traded at $20.44. 11,931,392 shares traded hands during trading, a decline of 81% from the average session volume of 63,996,102 shares. The stock had previously closed at $20.47.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PLTR. Mizuho boosted their target price on Palantir Technologies from $18.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, March 7th. Bank of America increased their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Jefferies Financial Group upgraded shares of Palantir Technologies from an "underperform" rating to a "hold" rating and increased their price target for the company from $13.00 to $22.00 in a report on Tuesday, February 6th. Royal Bank of Canada restated an "underperform" rating and issued a $5.00 target price on shares of Palantir Technologies in a report on Tuesday, February 6th. Finally, Citigroup upgraded shares of Palantir Technologies from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $10.00 to $20.00 in a research note on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $18.35.

Palantir Technologies Price Performance

The firm has a market capitalization of $46.41 billion, a PE ratio of 233.08, a P/E/G ratio of 5.02 and a beta of 2.78. The company's fifty day simple moving average is $23.77 and its 200-day simple moving average is $19.92.

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 (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $608.35 million for the quarter, compared to analysts' expectations of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. Analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of Palantir Technologies stock in a transaction dated Tuesday, February 6th. The shares were 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 of the company's stock, valued at $3,992,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Heather A. Planishek sold 32,828 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total value of $851,886.60. Following the completion of the transaction, the insider now owns 662,006 shares in the company, valued at $17,179,055.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 120,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the completion of the transaction, the insider now owns 181,460 shares of the company's stock, valued at approximately $3,992,120. The disclosure for this sale can be found here. Insiders have sold 7,456,273 shares of company stock valued at $184,343,202 over the last ninety days. Company insiders own 13.96% of the company's stock.

Institutional Trading of Palantir Technologies

Several institutional investors have recently modified their holdings of the stock. Qsemble Capital Management LP purchased a new stake in Palantir Technologies in the 3rd quarter valued at $1,178,000. Trexquant Investment LP purchased a new stake in Palantir Technologies in the 3rd quarter valued at $4,446,000. Victory Capital Management Inc. raised its position in Palantir Technologies by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 684,953 shares of the company's stock valued at $10,959,000 after purchasing an additional 25,787 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Palantir Technologies by 10.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company's stock valued at $20,549,000 after purchasing an additional 116,220 shares during the last quarter. Finally, Korea Investment CORP raised its position in Palantir Technologies by 148.4% in the 3rd quarter. Korea Investment CORP now owns 193,957 shares of the company's stock valued at $3,103,000 after purchasing an additional 115,876 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

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.