Palantir Technologies Inc. (NASDAQ:PLTR) Given Average Rating of "Reduce" by Analysts

Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) have earned a consensus rating of "Reduce" from the twenty-four analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $74.71.

A number of equities analysts have issued reports on PLTR shares. DA Davidson reduced their target price on Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Morgan Stanley lowered their target price on Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. UBS Group raised their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Finally, Citigroup upped their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th.

Insider Transactions at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the sale, the director now directly owns 184,617 shares of the company's stock, valued at $15,993,370.71. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at approximately $48,988. The trade was a 99.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,989,975 shares of company stock valued at $253,328,090. Company insiders own 12.93% of the company's stock.

Hedge Funds Weigh In On Palantir Technologies

Hedge funds have recently modified their holdings of the business. World Investment Advisors LLC bought a new position in shares of Palantir Technologies during the third quarter worth about $347,000. Wilmington Savings Fund Society FSB grew its holdings in Palantir Technologies by 48.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company's stock worth $652,000 after acquiring an additional 5,747 shares during the period. Synovus Financial Corp raised its position in shares of Palantir Technologies by 85.9% in the 3rd quarter. Synovus Financial Corp now owns 17,898 shares of the company's stock worth $666,000 after acquiring an additional 8,270 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Palantir Technologies by 102.3% during the 3rd quarter. Franklin Resources Inc. now owns 171,653 shares of the company's stock valued at $6,385,000 after purchasing an additional 86,793 shares in the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in Palantir Technologies during the third quarter worth approximately $16,372,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Down 0.4 %

Shares of Palantir Technologies stock traded down $0.51 during mid-day trading on Friday, reaching $123.77. 130,473,753 shares of the stock were exchanged, compared to its average volume of 75,677,631. The firm has a 50-day simple moving average of $91.17 and a 200 day simple moving average of $79.98. Palantir Technologies has a fifty-two week low of $20.50 and a fifty-two week high of $129.86. The company has a market cap of $290.28 billion, a price-to-earnings ratio of 651.46, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.09). Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. On average, research analysts predict that Palantir Technologies will post 0.31 EPS for the current fiscal year.

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.