Palantir Technologies (NYSE:PLTR) Trading 1.2% Higher

Palantir Technologies Inc. (NYSE:PLTR) was up 1.2% during mid-day trading on Friday . The company traded as high as $25.54 and last traded at $25.53. Approximately 9,127,889 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 56,548,141 shares. The stock had previously closed at $25.22.

Analyst Ratings Changes

A number of equities analysts have commented on the company. DA Davidson lifted their target price on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Argus assumed coverage on Palantir Technologies in a research report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 7th. HSBC increased their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, May 7th. Finally, Mizuho boosted their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $21.25.

Palantir Technologies Stock Performance

The stock has a 50 day moving average price of $22.63 and a 200 day moving average price of $21.51. The company has a market cap of $56.41 billion, a P/E ratio of 211.10, a P/E/G ratio of 5.82 and a beta of 2.70.

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

Insider Buying and Selling

In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $22.74, for a total value of $113,700.00. Following the transaction, the director now owns 186,783 shares of the company’s stock, valued at $4,247,445.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $22.74, for a total transaction of $113,700.00. Following the sale, the director now owns 186,783 shares in the company, valued at approximately $4,247,445.42. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Heather A. Planishek sold 10,907 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $21.43, for a total transaction of $233,737.01. Following the completion of the transaction, the insider now owns 651,099 shares of the company’s stock, valued at $13,953,051.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,377,153 shares of company stock worth $240,054,945. Corporate insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

Hedge funds have recently modified their holdings of the business. West Paces Advisors Inc. raised its position 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 lifted its position in shares of Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after purchasing an additional 691 shares in the last quarter. Bogart Wealth LLC boosted its holdings in shares of Palantir Technologies by 332.8% during the first quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock worth $32,000 after purchasing an additional 1,065 shares during the period. Halpern Financial Inc. grew its position 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 purchasing an additional 440 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $27,000. Hedge funds and other 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.