Palantir Technologies (NASDAQ:PLTR) Coverage Initiated by Analysts at Daiwa Capital Markets

Daiwa Capital Markets initiated coverage on shares of Palantir Technologies (NASDAQ:PLTR) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $90.00 target price on the stock.

PLTR has been the topic of several other reports. Bank of America raised their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. DA Davidson upped their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird raised their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.19.

Palantir Technologies Trading Up 0.3 %

Shares of PLTR stock opened at $84.68 on Tuesday. The company has a market cap of $198.60 billion, a PE ratio of 445.71, a P/E/G ratio of 10.84 and a beta of 2.81. The company’s fifty day simple moving average is $92.47 and its 200-day simple moving average is $70.22. Palantir Technologies has a 52 week low of $20.33 and a 52 week high of $125.41.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 483,987 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the transaction, the insider now directly owns 170,273 shares of the company’s stock, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,379,785 shares of company stock valued at $281,528,938 over the last 90 days. 12.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLTR. Mather Group LLC. grew its position in shares of Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after acquiring an additional 448 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $876,000. Destiny Wealth Partners LLC bought a new position in Palantir Technologies in the 4th quarter worth about $3,233,000. Coldstream Capital Management Inc. acquired a new stake in shares of Palantir Technologies in the third quarter valued at approximately $639,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $11,769,000. 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.