Palantir Technologies Inc. (NYSE:PLTR) Director Sells $617,800.00 in Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Alexander D. Moore sold 20,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total value of $617,800.00. Following the completion of the transaction, the director now owns 1,510,630 shares in the company, valued at $46,663,360.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Palantir Technologies Stock Up 0.6 %

PLTR opened at $30.33 on Friday. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $33.13. The company’s 50-day moving average price is $28.81 and its two-hundred day moving average price is $25.09. The stock has a market cap of $67.54 billion, a price-to-earnings ratio of 252.75, a PEG ratio of 5.55 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The firm had revenue of $678.13 million during the quarter, compared to analysts’ expectations of $653.23 million. During the same quarter in the previous year, the company posted $0.01 EPS. Palantir Technologies’s revenue for the quarter was up 27.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLTR. Raymond James raised their price objective on shares of Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Jefferies Financial Group boosted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Monness Crespi & Hardt dropped their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Wedbush reiterated an “outperform” rating and set a $35.00 price target on shares of Palantir Technologies in a report on Friday, August 2nd. Finally, Royal Bank of Canada restated an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 6th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $25.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PLTR. Vanguard Group Inc. boosted its position in Palantir Technologies by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after purchasing an additional 6,466,596 shares during the period. SG Americas Securities LLC grew its stake in Palantir Technologies by 183.3% in the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after buying an additional 102,479 shares in the last quarter. Accel Wealth Management purchased a new position in Palantir Technologies in the 1st quarter valued at approximately $360,000. Panagora Asset Management Inc. raised its holdings in Palantir Technologies by 185.6% during the 4th quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock valued at $1,317,000 after acquiring an additional 49,839 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in shares of Palantir Technologies during the first quarter worth $262,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

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.