Palantir Technologies Inc. (NASDAQ:PLTR) Receives Consensus Rating of “Reduce” from Analysts

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) have been assigned an average rating of “Reduce” from the twenty-two ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $74.45.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Robert W. Baird upped their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Northland Securities upped their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Finally, Bank of America upped their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now directly owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at approximately $48,988. This represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,069,785 shares of company stock worth $254,537,238 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

Several large investors have recently modified their holdings of PLTR. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC raised its position 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 worth $29,000 after acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC raised its position 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 worth $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 8.3 %

Shares of PLTR stock opened at $86.24 on Friday. The firm has a market capitalization of $202.26 billion, a P/E ratio of 453.92, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The firm’s fifty day simple moving average is $87.83 and its 200 day simple moving average is $64.98. Palantir Technologies has a 1 year low of $20.33 and a 1 year high of $125.41.

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.