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

Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) have been assigned a consensus rating of "Reduce" from the twenty-three analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $83.70.

A number of research analysts have recently issued reports on the company. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. DA Davidson upped their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday. Jefferies Financial Group raised their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Mizuho upped their price objective on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,978,181 shares of company stock valued at $252,115,667 over the last 90 days. 12.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLTR. Mechanics Financial Corp acquired a new position in Palantir Technologies during the first quarter worth $25,000. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $27,000. First PREMIER Bank bought a new position in Palantir Technologies in the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its stake in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC raised its position in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Up 1.4 %

Shares of NASDAQ PLTR traded up $1.57 during trading hours on Friday, reaching $110.43. 95,394,690 shares of the stock traded hands, compared to its average volume of 75,532,140. The company's 50-day simple moving average is $92.85 and its two-hundred day simple moving average is $80.95. The company has a market capitalization of $259.00 billion, a P/E ratio of 581.24, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies has a 52-week low of $20.50 and a 52-week high of $125.41.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same period in the previous year, the business posted $0.08 EPS. The business's quarterly revenue was up 39.4% on a year-over-year basis. As a group, sell-side analysts forecast that Palantir Technologies will post 0.31 earnings per share 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.