Palantir Technologies (NASDAQ:PLTR) Price Target Raised to $100.00

Palantir Technologies (NASDAQ:PLTR) had its price objective raised by Robert W. Baird from $70.00 to $100.00 in a research note released on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other analysts also recently weighed in on PLTR. Northland Securities lifted their target price on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. UBS Group started coverage on Palantir Technologies in a research note on Thursday, December 19th. They set a “neutral” rating and a $80.00 target price on the stock. Finally, Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Friday, January 17th. They set a “neutral” rating and a $72.00 target price on the stock. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Trading Up 9.8 %

Shares of NASDAQ PLTR opened at $111.28 on Tuesday. The company has a market cap of $253.50 billion, a price-to-earnings ratio of 556.43, a price-to-earnings-growth ratio of 7.54 and a beta of 2.81. Palantir Technologies has a 12-month low of $20.33 and a 12-month high of $111.55. The stock’s 50 day simple moving average is $75.56 and its 200 day simple moving average is $52.26.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. As a group, equities analysts forecast that Palantir Technologies will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at $42,002.40. The trade was a 99.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 38,093 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total value of $2,400,239.93. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $405,296,576.58. This trade represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,656,687 shares of company stock worth $1,040,105,687 in the last three months. 12.93% of the stock is currently owned by insiders.

Institutional Trading of Palantir Technologies

Several hedge funds and other institutional investors have recently modified their holdings of PLTR. Czech National Bank acquired a new stake in shares of Palantir Technologies in the third quarter worth $15,261,000. GAMMA Investing LLC boosted its position in shares of Palantir Technologies by 83.9% in the third quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock worth $213,000 after buying an additional 2,607 shares during the period. Azzad Asset Management Inc. ADV acquired a new stake in shares of Palantir Technologies in the third quarter worth $209,000. Diversified Trust Co boosted its position in shares of Palantir Technologies by 172.7% in the third quarter. Diversified Trust Co now owns 21,559 shares of the company’s stock worth $802,000 after buying an additional 13,652 shares during the period. Finally, Smith Anglin Financial LLC acquired a new stake in shares of Palantir Technologies in the third quarter worth $273,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.