Stock Traders Buy High Volume of Palantir Technologies Call Options (NYSE:PLTR)

Palantir Technologies Inc. (NYSE:PLTR – Get Rating) was the target of unusually large options trading on Tuesday. Stock investors purchased 418,306 call options on the stock. This is an increase of 131% compared to the typical daily volume of 181,200 call options.

Palantir Technologies Trading Up 6.8 %

NYSE PLTR opened at $12.64 on Wednesday. The firm’s fifty day simple moving average is $8.65 and its two-hundred day simple moving average is $7.88. Palantir Technologies has a 12-month low of $5.84 and a 12-month high of $13.42. The firm has a market capitalization of $26.76 billion, a P/E ratio of -97.23, a P/E/G ratio of 4.12 and a beta of 2.85.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 7,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $7.85, for a total value of $54,950.00. Following the sale, the director now directly owns 206,830 shares in the company, valued at approximately $1,623,615.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Lauren Elaina Friedman Stat sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $7.85, for a total transaction of $54,950.00. Following the transaction, the director now owns 206,830 shares of the company’s stock, valued at approximately $1,623,615.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alexander D. Moore sold 21,900 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $8.35, for a total value of $182,865.00. Following the transaction, the director now directly owns 1,880,052 shares in the company, valued at approximately $15,698,434.20. The disclosure for this sale can be found here. Insiders have sold 501,331 shares of company stock valued at $5,384,800 in the last ninety days. Corporate insiders own 13.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Quilter Plc acquired a new position in shares of Palantir Technologies in the first quarter valued at about $1,568,940,000. Scissortail Wealth Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at about $1,002,250,000. Manchester Capital Management LLC purchased a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $28,000. Close Asset Management Ltd purchased a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $28,000. Finally, Exos TFP Holdings LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at approximately $35,000. 31.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Palantir Technologies from $8.50 to $10.00 in a report on Tuesday, May 9th. DA Davidson assumed coverage on Palantir Technologies in a report on Tuesday, February 28th. They set a “neutral” rating and a $8.00 price objective on the stock. Citigroup reiterated a “sell” rating and set a $5.00 target price on shares of Palantir Technologies in a report on Friday, February 3rd. Royal Bank of Canada reiterated an “underperform” rating and set a $5.00 target price on shares of Palantir Technologies in a report on Thursday, February 23rd. Finally, William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Monday, March 27th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus price target of $8.54.

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 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.