Palantir Technologies (NASDAQ:PLTR) Research Coverage Started at UBS Group

UBS Group started coverage on shares of Palantir Technologies (NASDAQ:PLTR) in a report published on Thursday, MarketBeat.com reports. The brokerage issued a neutral rating and a $80.00 price objective on the stock.

Several other equities research analysts have also recently commented on PLTR. Northland Securities boosted their price target on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday. Finally, Robert W. Baird initiated coverage on Palantir Technologies in a report on Thursday, December 12th. They set a “neutral” rating and a $70.00 target price on the stock. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.00.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $80.55 on Thursday. Palantir Technologies has a twelve month low of $15.66 and a twelve month high of $80.91. The firm has a market cap of $183.49 billion, a PE ratio of 402.77, a P/E/G ratio of 10.18 and a beta of 2.87. The firm’s 50 day moving average price is $59.06 and its two-hundred day moving average price is $40.26.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share. Equities analysts anticipate that Palantir Technologies will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 3,337,048 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. This represents a 34.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $39.95, for a total value of $799,000.00. Following the sale, the insider now directly owns 562,006 shares in the company, valued at $22,452,139.70. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,612,366 shares of company stock valued at $1,867,342,292 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds have recently made changes to their positions in PLTR. Fifth Third Bancorp lifted its stake in Palantir Technologies by 4.1% during the second quarter. Fifth Third Bancorp now owns 71,491 shares of the company’s stock worth $1,811,000 after purchasing an additional 2,805 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Palantir Technologies in the second quarter valued at $209,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Palantir Technologies during the second quarter worth $277,000. Premier Path Wealth Partners LLC lifted its holdings in shares of Palantir Technologies by 8.3% during the second quarter. Premier Path Wealth Partners LLC now owns 14,948 shares of the company’s stock valued at $379,000 after acquiring an additional 1,148 shares during the period. Finally, Everhart Financial Group Inc. boosted its stake in shares of Palantir Technologies by 6.0% in the 2nd quarter. Everhart Financial Group Inc. now owns 16,073 shares of the company’s stock valued at $407,000 after purchasing an additional 912 shares in the last quarter. Institutional investors and hedge funds 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.