Palantir Technologies (NYSE:PLTR – Get Rating) had its target price raised by Jefferies Financial Group from $8.50 to $10.00 in a report published on Tuesday morning, The Fly reports.
A number of other brokerages also recently weighed in on PLTR. Credit Suisse Group reaffirmed a neutral rating and issued a $11.00 target price on shares of Palantir Technologies in a research note on Wednesday, February 15th. William Blair reissued an underperform rating on shares of Palantir Technologies in a research note on Monday, March 27th. DA Davidson initiated coverage on shares of Palantir Technologies in a research note on Tuesday, February 28th. They issued a neutral rating and a $8.00 target price on the stock. Royal Bank of Canada reaffirmed an underperform rating and issued a $5.00 target price on shares of Palantir Technologies in a research note on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Palantir Technologies from $7.00 to $6.00 and set a sell rating on the stock in a research report on Monday, January 23rd. Five equity research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $8.54.
Palantir Technologies Trading Up 23.4 %
Shares of Palantir Technologies stock opened at $9.55 on Tuesday. Palantir Technologies has a 12-month low of $5.84 and a 12-month high of $11.62. The company has a market cap of $20.07 billion, a price-to-earnings ratio of -50.26, a PEG ratio of 2.54 and a beta of 2.85. The company’s 50-day moving average price is $8.11 and its 200-day moving average price is $7.73.
Palantir Technologies (NYSE:PLTR – Get Rating) last announced its earnings results on Monday, February 13th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $508.62 million for the quarter, compared to the consensus estimate of $504.84 million. Palantir Technologies has a negative net margin of 19.61% and a negative return on equity of 11.90%. Palantir Technologies’ quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. On average, sell-side analysts predict that Palantir Technologies will post 0.05 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Alexander D. Moore sold 21,900 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $7.74, for a total transaction of $169,506.00. Following the transaction, the director now owns 1,858,152 shares in the company, valued at $14,382,096.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Palantir Technologies news, Director Alexander D. Moore sold 21,900 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $7.74, for a total value of $169,506.00. Following the completion of the sale, the director now owns 1,858,152 shares of the company’s stock, valued at $14,382,096.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 4,636 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $8.55, for a total value of $39,637.80. Following the completion of the sale, the insider now directly owns 334,051 shares of the company’s stock, valued at approximately $2,856,136.05. The disclosure for this sale can be found here. Insiders have sold a total of 228,362 shares of company stock worth $2,149,762 over the last quarter. Company insiders own 13.22% of the company’s stock.
Institutional Trading of Palantir Technologies
Institutional investors and hedge funds have recently made changes to their positions in the business. Scissortail Wealth Management LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at approximately $1,002,250,000. Manchester Capital Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $28,000. Close Asset Management Ltd acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $28,000. Exos TFP Holdings LLC acquired a new position in Palantir Technologies during the 3rd quarter worth about $35,000. Finally, Laffer Tengler Investments acquired a new position in Palantir Technologies during the 1st quarter worth about $36,000. 31.90% of the stock is currently 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 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.
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