Peter Thiel Sells 4,181,118 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 4,181,118 shares of Palantir Technologies stock in a transaction on Monday, September 30th. The shares were sold at an average price of $36.91, for a total transaction of $154,325,065.38. Following the completion of the transaction, the director now owns 38,502,451 shares in the company, valued at $1,421,125,466.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, September 27th, Peter Thiel sold 3,989,204 shares of Palantir Technologies stock. The stock was sold at an average price of $36.94, for a total transaction of $147,361,195.76.
• 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 Stock Performance

Shares of NYSE:PLTR traded down $0.71 during midday trading on Tuesday, hitting $36.49. 52,769,004 shares of the company’s stock traded hands, compared to its average volume of 57,343,172. The firm’s fifty day moving average price is $31.76 and its two-hundred day moving average price is $26.51. The company has a market cap of $81.72 billion, a PE ratio of 304.11 and a beta of 2.72. Palantir Technologies Inc. has a twelve month low of $14.48 and a twelve month high of $38.19.

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

Institutional Trading of Palantir Technologies

Several large investors have recently modified their holdings of PLTR. Vanguard Group Inc. grew its position in shares of Palantir Technologies by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after buying an additional 6,466,596 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Palantir Technologies by 248,208.2% in the 1st quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock worth $83,418,000 after purchasing an additional 3,623,840 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Palantir Technologies by 594.3% in the 2nd quarter. Marshall Wace LLP now owns 3,550,176 shares of the company’s stock valued at $89,926,000 after purchasing an additional 3,038,861 shares in the last quarter. Coatue Management LLC grew its stake in Palantir Technologies by 285.6% in the fourth quarter. Coatue Management LLC now owns 3,447,363 shares of the company’s stock worth $59,191,000 after purchasing an additional 2,553,432 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Palantir Technologies by 15.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,571,224 shares of the company’s stock valued at $335,284,000 after buying an additional 1,980,495 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Citigroup raised their price objective on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Argus initiated coverage on Palantir Technologies in a research note on Monday, June 17th. They set a “buy” rating and a $29.00 price target for the company. Monness Crespi & Hardt cut their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. Northland Securities started coverage on shares of Palantir Technologies in a research note on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price objective for the company. Finally, Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $27.29.

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.