Palantir Technologies Inc. (NYSE:PLTR) Director Sells $147,361,195.76 in Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 3,989,204 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $36.94, for a total value of $147,361,195.76. Following the sale, the director now owns 42,683,569 shares in the company, valued at $1,576,731,038.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Peter Thiel also recently made the following trade(s):

• On Monday, September 30th, Peter Thiel sold 4,181,118 shares of Palantir Technologies stock. The stock was sold at an average price of $36.91, for a total transaction of $154,325,065.38.
• On Wednesday, September 25th, Peter Thiel sold 4,254,666 shares of Palantir Technologies stock. The shares were sold at an average price of $36.77, for a total transaction of $156,444,068.82.

Palantir Technologies Price Performance

PLTR stock traded down $0.71 on Tuesday, reaching $36.49. The company’s stock had a trading volume of 52,769,004 shares, compared to its average volume of 57,343,172. The firm has a fifty day moving average of $31.76 and a two-hundred day moving average of $26.51. The company has a market capitalization of $81.72 billion, a P/E ratio of 304.11 and a beta of 2.72. Palantir Technologies Inc. has a 52 week low of $14.48 and a 52 week high of $38.19.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. Palantir Technologies’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the business posted $0.01 earnings per share. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Institutional Trading of Palantir Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Evolution Wealth Advisors LLC increased its holdings in shares of Palantir Technologies by 0.5% in the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after buying an additional 360 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Palantir Technologies by 2.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock valued at $386,000 after purchasing an additional 379 shares during the period. Gradient Investments LLC increased its stake in Palantir Technologies by 21.4% in the 2nd quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after purchasing an additional 406 shares in the last quarter. Apella Capital LLC raised its holdings in Palantir Technologies by 3.7% during the 2nd quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock worth $323,000 after buying an additional 416 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in Palantir Technologies by 1.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after buying an additional 416 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Northland Securities assumed coverage on Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price target for the company. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Finally, The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.29.

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.