Eric H. Woersching Sells 26,000 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Eric H. Woersching sold 26,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $23.32, for a total transaction of $606,320.00. Following the sale, the director now directly owns 38,843 shares of the company’s stock, valued at approximately $905,818.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Palantir Technologies Trading Up 3.1 %

PLTR opened at $23.86 on Wednesday. The firm’s 50 day simple moving average is $22.00 and its two-hundred day simple moving average is $20.98. The company has a market capitalization of $53.12 billion, a PE ratio of 198.81, a PEG ratio of 5.38 and a beta of 2.70. Palantir Technologies Inc. has a 1-year low of $13.56 and a 1-year high of $27.50.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $634.34 million for the quarter, compared to analysts’ expectations of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. Equities analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on PLTR shares. Bank of America lifted their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Monness Crespi & Hardt raised Palantir Technologies from a “sell” rating to a “neutral” rating in a research report on Friday, April 26th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Citigroup increased their price objective on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Finally, Mizuho lifted their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.65.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its holdings in Palantir Technologies by 111.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 274,315 shares of the company’s stock worth $4,389,000 after acquiring an additional 144,370 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Palantir Technologies by 5.1% in the third quarter. Sequoia Financial Advisors LLC now owns 22,405 shares of the company’s stock worth $358,000 after purchasing an additional 1,091 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Palantir Technologies by 23.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,659,740 shares of the company’s stock valued at $106,556,000 after purchasing an additional 1,284,900 shares during the period. Van ECK Associates Corp raised its position in shares of Palantir Technologies by 43.7% during the 3rd quarter. Van ECK Associates Corp now owns 444,389 shares of the company’s stock valued at $7,110,000 after purchasing an additional 135,189 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Palantir Technologies by 6.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 83,139 shares of the company’s stock worth $1,330,000 after buying an additional 4,745 shares during the period. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.