Palantir Technologies (NYSE:PLTR – Get Free Report) had its price target hoisted by investment analysts at Wedbush from $25.00 to $30.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s target price points to a potential upside of 27.09% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Jefferies Financial Group raised Palantir Technologies from an “underperform” rating to a “hold” rating and increased their target price for the company from $13.00 to $22.00 in a report on Tuesday. Raymond James boosted their price objective on shares of Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $5.00 target price on shares of Palantir Technologies in a report on Tuesday, November 21st. Finally, Citigroup raised Palantir Technologies from a “sell” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $20.00 in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $15.25.
Palantir Technologies Trading Up 7.9 %
In other Palantir Technologies news, insider Heather A. Planishek sold 13,196 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.27, for a total value of $280,678.92. Following the sale, the insider now owns 748,810 shares in the company, valued at approximately $15,927,188.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Palantir Technologies news, insider Heather A. Planishek sold 13,196 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $21.27, for a total value of $280,678.92. Following the transaction, the insider now owns 748,810 shares in the company, valued at approximately $15,927,188.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $19.81, for a total transaction of $79,240.00. Following the sale, the director now directly owns 208,783 shares in the company, valued at approximately $4,135,991.23. The disclosure for this sale can be found here. Insiders have sold a total of 949,877 shares of company stock worth $18,720,001 over the last 90 days. 13.96% of the stock is currently owned by corporate insiders.
Institutional Trading of Palantir Technologies
Several institutional investors and hedge funds have recently bought and sold shares of PLTR. Bank of Nova Scotia boosted its stake in shares of Palantir Technologies by 2.0% in the second quarter. Bank of Nova Scotia now owns 34,450 shares of the company’s stock valued at $528,000 after buying an additional 682 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $1,178,000. Van Cleef Asset Management Inc grew its holdings in shares of Palantir Technologies by 82.9% in the 2nd quarter. Van Cleef Asset Management Inc now owns 690,267 shares of the company’s stock worth $10,582,000 after acquiring an additional 312,767 shares during the period. Victory Capital Management Inc. increased its stake in Palantir Technologies by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 684,953 shares of the company’s stock valued at $10,959,000 after purchasing an additional 25,787 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Palantir Technologies during the second quarter worth $5,020,000. Hedge funds and other institutional investors own 34.21% of the company’s stock.
About Palantir Technologies
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.
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