Palantir Technologies Inc. (NYSE:PLTR) Director Eric H. Woersching Sells 3,000 Shares

Palantir Technologies Inc. (NYSE:PLTR) Director Eric H. Woersching sold 3,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the sale, the director now owns 32,843 shares of the company’s stock, valued at approximately $853,918. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Palantir Technologies Price Performance

Shares of NYSE PLTR opened at $24.16 on Tuesday. The company has a market cap of $53.80 billion, a P/E ratio of 201.35, a PEG ratio of 5.50 and a beta of 2.70. The firm has a 50-day simple moving average of $22.29 and a two-hundred day simple moving average of $21.29. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $27.50.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Mizuho raised their price objective on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Argus assumed coverage on Palantir Technologies in a research report on Monday, June 17th. They set a “buy” rating and a $29.00 price objective for the company. Wedbush restated an “outperform” rating and set a $35.00 price objective on shares of Palantir Technologies in a research report on Monday, May 6th. Finally, DA Davidson raised their price objective on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.25.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors have recently bought and sold shares of the business. West Paces Advisors Inc. increased its holdings in Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after buying an additional 620 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Palantir Technologies by 105.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after buying an additional 691 shares during the period. Bogart Wealth LLC increased its holdings in Palantir Technologies by 332.8% during the first quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock valued at $32,000 after buying an additional 1,065 shares during the period. Halpern Financial Inc. increased its holdings in Palantir Technologies by 44.0% during the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after buying an additional 440 shares during the period. Finally, Pacifica Partners Inc. purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $27,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

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.