Palantir Technologies Inc. (NYSE:PLTR) Insider Sells $251,100.00 in Stock
Palantir Technologies Inc. (NYSE:PLTR) insider David A. Glazer sold 9,000 shares of the firm’s stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $27.90, for a total transaction of $251,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of PLTR stock traded down $2.16 during trading hours on Monday, reaching $26.55. 89,005,103 shares of the stock were exchanged, compared to its average volume of 62,906,918. Palantir Technologies Inc. has a 12-month low of $8.90 and a 12-month high of $45.00. The company’s 50-day moving average price is $24.18 and its 200-day moving average price is $23.65. The firm has a market capitalization of $51.86 billion and a price-to-earnings ratio of -22.89.
Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Thursday, August 12th. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $375.64 million during the quarter, compared to analysts’ expectations of $360.60 million. Palantir Technologies had a negative net margin of 95.14% and a positive return on equity of 20.55%.
Several research firms recently weighed in on PLTR. Wolfe Research raised their target price on shares of Palantir Technologies from $20.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, August 13th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Palantir Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 19th. Morgan Stanley lifted their price objective on shares of Palantir Technologies from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 13th. Royal Bank of Canada lifted their price objective on shares of Palantir Technologies from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, August 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Palantir Technologies from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, August 12th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.11.
Several institutional investors and hedge funds have recently made changes to their positions in PLTR. Northern Oak Wealth Management Inc. purchased a new position in shares of Palantir Technologies in the first quarter valued at approximately $26,000. Strategic Blueprint LLC acquired a new stake in Palantir Technologies in the second quarter valued at approximately $27,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Palantir Technologies in the second quarter valued at approximately $32,000. Tsfg LLC raised its holdings in Palantir Technologies by 66.7% during the second quarter. Tsfg LLC now owns 1,250 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Finally, Huntington National Bank acquired a new stake in Palantir Technologies during the second quarter worth approximately $34,000. 22.13% of the stock is owned by hedge funds and other institutional investors.
Palantir Technologies Company Profile
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, 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.
Further Reading: Cost of Goods Sold (COGS)
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