Palantir Technologies Inc. (NYSE:PLTR) Receives Average Rating of “Hold” from Analysts
Palantir Technologies Inc. (NYSE:PLTR – Get Rating) has earned an average rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts who have covered the stock in the last year is $8.85.
A number of analysts have issued reports on PLTR shares. DA Davidson started coverage on shares of Palantir Technologies in a report on Tuesday, February 28th. They issued a “neutral” rating and a $8.00 target price on the stock. Jefferies Financial Group lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $9.00 to $7.50 in a research note on Thursday, January 5th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $5.00 price objective on shares of Palantir Technologies in a report on Thursday, February 23rd. Credit Suisse Group restated a “neutral” rating and set a $11.00 price objective on shares of Palantir Technologies in a research report on Wednesday, February 15th. Finally, Mizuho lifted their price target on shares of Palantir Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 14th.
Insider Activity
In other Palantir Technologies news, insider Ryan D. Taylor sold 153,049 shares of Palantir Technologies stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $10.07, for a total value of $1,541,203.43. Following the completion of the transaction, the insider now owns 281,526 shares of the company’s stock, valued at $2,834,966.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Ryan D. Taylor sold 153,049 shares of Palantir Technologies stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $10.07, for a total transaction of $1,541,203.43. Following the sale, the insider now directly owns 281,526 shares in the company, valued at $2,834,966.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey Buckley sold 4,636 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $8.55, for a total transaction of $39,637.80. Following the completion of the sale, the insider now owns 334,051 shares in the company, valued at $2,856,136.05. The disclosure for this sale can be found here. In the last three months, insiders sold 206,462 shares of company stock worth $1,980,256. 13.71% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Palantir Technologies
Several large investors have recently made changes to their positions in PLTR. AE Wealth Management LLC boosted its position in Palantir Technologies by 6.7% during the first quarter. AE Wealth Management LLC now owns 247,253 shares of the company’s stock worth $2,089,000 after purchasing an additional 15,536 shares during the period. Strong Tower Advisory Services raised its stake in shares of Palantir Technologies by 21.4% in the first quarter. Strong Tower Advisory Services now owns 29,436 shares of the company’s stock valued at $249,000 after purchasing an additional 5,189 shares in the last quarter. Raymond James & Associates raised its stake in shares of Palantir Technologies by 46.3% in the first quarter. Raymond James & Associates now owns 1,002,349 shares of the company’s stock valued at $8,470,000 after purchasing an additional 316,995 shares in the last quarter. Yarbrough Capital LLC raised its stake in shares of Palantir Technologies by 16,655.0% in the first quarter. Yarbrough Capital LLC now owns 108,405 shares of the company’s stock valued at $916,000 after purchasing an additional 107,758 shares in the last quarter. Finally, Focused Wealth Management Inc grew its position in Palantir Technologies by 65.8% in the first quarter. Focused Wealth Management Inc now owns 33,427 shares of the company’s stock valued at $282,000 after acquiring an additional 13,262 shares during the period. Institutional investors own 31.90% of the company’s stock.
Palantir Technologies Trading Up 2.7 %
Palantir Technologies stock opened at $8.81 on Friday. Palantir Technologies has a 1-year low of $5.84 and a 1-year high of $13.33. The firm has a 50-day moving average of $8.26 and a 200-day moving average of $7.73. The firm has a market cap of $18.51 billion, a P/E ratio of -46.37, a P/E/G ratio of 2.96 and a beta of 2.86.
Palantir Technologies (NYSE:PLTR – Get Rating) last announced its quarterly earnings results on Monday, February 13th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Palantir Technologies has a negative net margin of 19.61% and a negative return on equity of 11.90%. The company had revenue of $508.62 million during the quarter, compared to the consensus estimate of $504.84 million. During the same quarter last year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Research analysts forecast that Palantir Technologies will post 0.05 earnings per share for the current fiscal year.
About Palantir Technologies
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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 which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitating the handoff between analysts and operational users, helping operators plan and execute real-time world responses to threats that have been identified within the platform.
Further Reading
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