Loop Capital Cuts Palantir Technologies (NASDAQ:PLTR) Price Target to $125.00

Palantir Technologies (NASDAQ:PLTR) had its price objective cut by Loop Capital from $141.00 to $125.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented on the company. Royal Bank of Canada raised their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. DA Davidson raised their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Jefferies Financial Group upped their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Finally, Baird R W raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.45.

Palantir Technologies Stock Down 4.8 %

Shares of NASDAQ:PLTR opened at $79.62 on Thursday. Palantir Technologies has a 52 week low of $20.33 and a 52 week high of $125.41. The company has a 50-day moving average price of $87.71 and a 200 day moving average price of $64.59. The company has a market cap of $186.74 billion, a P/E ratio of 419.07, a PEG ratio of 10.84 and a beta of 2.81.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 569,785 shares of company stock valued at $44,474,738. 12.93% of the stock is owned by insiders.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Prestige Wealth Management Group LLC increased its stake in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at approximately $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC raised its stake in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

About Palantir Technologies

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.