Palantir Technologies Inc. (NASDAQ:PLTR) Insider Ryan D. Taylor Sells 3,936 Shares

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Ryan D. Taylor sold 3,936 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $495,817.92. Following the sale, the insider now directly owns 363,755 shares in the company, valued at approximately $45,822,217.35. This represents a 1.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Palantir Technologies Trading Up 0.8%

PLTR stock traded up $1.02 during trading on Monday, reaching $123.31. The stock had a trading volume of 65,753,315 shares, compared to its average volume of 77,871,799. The firm has a fifty day moving average price of $102.66 and a 200 day moving average price of $88.04. The company has a market capitalization of $289.21 billion, a P/E ratio of 649.03, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 1-year low of $20.64 and a 1-year high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company's revenue was up 39.4% compared to the same quarter last year. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Institutional Trading of Palantir Technologies

Several institutional investors have recently added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at about $25,000. Roxbury Financial LLC acquired a new position in Palantir Technologies in the fourth quarter worth about $27,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the first quarter valued at approximately $27,000. Finally, First PREMIER Bank bought a new position in Palantir Technologies during the 4th quarter worth approximately $28,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLTR. UBS Group raised their price objective on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Jefferies Financial Group increased their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. Loop Capital upped their target price on shares of Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Mizuho raised their price objective on Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average price target of $83.95.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.