Palantir Technologies (NYSE:PLTR) PT Raised to $30.00

Palantir Technologies (NYSE:PLTR) had its price objective raised by Mizuho from $24.00 to $30.00 in a research report released on Thursday, Benzinga reports. The firm currently has an underperform rating on the stock.

PLTR has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Jefferies Financial Group upped their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Northland Securities started coverage on Palantir Technologies in a report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 target price for the company. Royal Bank of Canada restated an “underperform” rating and issued a $9.00 price target on shares of Palantir Technologies in a report on Tuesday, August 6th. Finally, Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.86.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $42.97 on Thursday. The firm has a fifty day moving average of $35.60 and a two-hundred day moving average of $28.10. The stock has a market capitalization of $96.23 billion, a price-to-earnings ratio of 252.78 and a beta of 2.72. Palantir Technologies has a 52 week low of $14.48 and a 52 week high of $44.39.

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

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 7,321 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $43.90, for a total transaction of $321,391.90. Following the completion of the sale, the director now owns 138,304 shares in the company, valued at $6,071,545.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total value of $617,800.00. Following the completion of the transaction, the director now directly owns 1,510,630 shares of the company’s stock, valued at $46,663,360.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 7,321 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $43.90, for a total transaction of $321,391.90. Following the sale, the director now directly owns 138,304 shares of the company’s stock, valued at $6,071,545.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,747,176 shares of company stock valued at $646,951,347 in the last three months. 12.93% of the stock is currently owned by company insiders.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Seven Grand Managers LLC acquired a new position in Palantir Technologies during the third quarter worth about $930,000. Perpetual Ltd acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $483,000. Axiom Advisory LLC increased its position in Palantir Technologies by 150.3% during the 3rd quarter. Axiom Advisory LLC now owns 74,285 shares of the company’s stock worth $2,763,000 after purchasing an additional 44,612 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Palantir Technologies by 21.4% in the 3rd quarter. Park Avenue Securities LLC now owns 128,221 shares of the company’s stock valued at $4,770,000 after purchasing an additional 22,645 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Palantir Technologies by 183.3% in the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after buying an additional 102,479 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

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.