Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) shares rose 0.4% on Thursday . The company traded as high as $118.39 and last traded at $117.86. Approximately 25,743,290 shares changed hands during trading, a decline of 69% from the average daily volume of 82,310,828 shares. The stock had previously closed at $117.39.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on PLTR. Bank of America lifted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $69.44.
Check Out Our Latest Analysis on PLTR
Palantir Technologies Trading Up 1.1 %
The business's 50 day moving average is $81.90 and its 200 day moving average is $56.56. The stock has a market capitalization of $271.45 billion, a PE ratio of 627.19, a PEG ratio of 11.44 and a beta of 2.81.
Insider Buying and Selling
In other news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 in the company, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,346,976 shares of company stock valued at $642,660,729. Company insiders own 12.93% of the company's stock.
Institutional Trading of Palantir Technologies
A number of institutional investors have recently modified their holdings of PLTR. State Street Corp grew its position in shares of Palantir Technologies by 96.4% in the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company's stock worth $3,069,463,000 after buying an additional 40,498,024 shares during the last quarter. Geode Capital Management LLC lifted its stake in Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after acquiring an additional 4,127,306 shares during the period. Northern Trust Corp lifted its stake in Palantir Technologies by 20.4% during the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after acquiring an additional 3,299,779 shares during the period. Norges Bank acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $1,360,191,000. Finally, FMR LLC lifted its stake in shares of Palantir Technologies by 22.6% in the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock valued at $1,156,864,000 after purchasing an additional 2,818,090 shares during the period. 45.65% of the stock is currently owned by institutional investors.
About Palantir Technologies
(
Get Free Report)
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.
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