Loop Capital Lowers Palantir Technologies (NASDAQ:PLTR) Price Target to $125.00

Palantir Technologies (NASDAQ:PLTR) had its target price cut by Loop Capital from $141.00 to $125.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also commented on PLTR. Cantor Fitzgerald boosted their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Royal Bank of Canada boosted their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Robert W. Baird boosted their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. UBS Group upped their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Mizuho upped their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.45.

Palantir Technologies Trading Up 8.3 %

PLTR opened at $86.24 on Thursday. The firm has a market cap of $202.26 billion, a price-to-earnings ratio of 453.92, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies has a 12 month low of $20.33 and a 12 month high of $125.41. The stock has a fifty day moving average price of $87.83 and a 200-day moving average price of $65.22.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $85.30, for a total value of $106,625,000.00. Following the sale, the insider now owns 592 shares in the company, valued at $50,497.60. This represents a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,069,785 shares of company stock worth $254,537,238 over the last quarter. 12.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently bought and sold shares of the business. Prestige Wealth Management Group LLC raised its holdings in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the period. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $27,000. First PREMIER Bank acquired a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its holdings in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC raised its holdings in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

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.