Palantir Technologies Inc. (NASDAQ:PLTR) Insider Ryan D. Taylor Sells 33,335 Shares

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $150.00, for a total transaction of $5,000,250.00. Following the completion of the sale, the insider directly owned 363,755 shares of the company's stock, valued at approximately $54,563,250. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded down $0.47 on Friday, hitting $153.52. The company's stock had a trading volume of 45,673,387 shares, compared to its average volume of 83,262,894. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $155.68. The company has a market capitalization of $362.29 billion, a price-to-earnings ratio of 667.48, a price-to-earnings-growth ratio of 12.88 and a beta of 2.59. The stock has a 50 day moving average of $133.61 and a 200-day moving average of $105.61.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PLTR. Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Citigroup boosted their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $91.37.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently modified their holdings of PLTR. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies during the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies during the first quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new position in shares of Palantir Technologies during the second quarter valued at approximately $31,000. Hedge funds and other 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.