Palantir Technologies (NASDAQ:PLTR) Shares Down 1.1% - What's Next?

Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) were down 1.1% during trading on Tuesday . The stock traded as low as $130.46 and last traded at $130.59. Approximately 25,061,006 shares were traded during trading, a decline of 69% from the average daily volume of 79,836,337 shares. The stock had previously closed at $132.06.

Analysts Set New Price Targets

Several analysts have commented on PLTR shares. William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Mizuho increased their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research report on Wednesday. DA Davidson increased their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target for the company. Finally, Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $85.05.

Palantir Technologies Stock Performance

The firm has a market capitalization of $321.61 billion, a PE ratio of 717.31, a P/E/G ratio of 10.84 and a beta of 2.64. The firm has a fifty day moving average of $111.88 and a 200 day moving average of $93.33.

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

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction on Friday, March 14th. The stock was sold at an average price of $85.30, for a total transaction of $106,625,000.00. Following the sale, the insider now owns 592 shares of the company's stock, valued at $50,497.60. The trade was a 99.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,661,925 shares of company stock worth $268,580,958. 9.23% of the stock is currently owned by corporate insiders.

Institutional Trading of Palantir Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the 1st quarter worth $25,000. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth $27,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth $27,000. Finally, HighMark Wealth Management LLC raised its stake in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

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.