Palantir Technologies Inc. (NYSE:PLTR) Insider Shyam Sankar Sells 29,168 Shares

Palantir Technologies Inc. (NYSE:PLTRGet Free Report) insider Shyam Sankar sold 29,168 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.00, for a total transaction of $729,200.00. Following the completion of the transaction, the insider now owns 752,786 shares of the company’s stock, valued at approximately $18,819,650. The sale was disclosed in a filing with the SEC, which is available at this link.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $25.06 on Tuesday. The firm has a market cap of $54.52 billion, a P/E ratio of 278.42, a PEG ratio of 5.98 and a beta of 2.66. Palantir Technologies Inc. has a 1-year low of $7.19 and a 1-year high of $25.52. The firm’s 50-day simple moving average is $17.75 and its 200-day simple moving average is $17.14.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PLTR shares. Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and upped their price target for the company from $13.00 to $22.00 in a research report on Tuesday, February 6th. Royal Bank of Canada reiterated an “underperform” rating and issued a $5.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 6th. Citigroup upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $10.00 to $20.00 in a research report on Tuesday, February 6th. Raymond James upped their price objective on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Finally, Wedbush upped their price objective on shares of Palantir Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.25.

Get Our Latest Analysis on PLTR

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PLTR. AlphaCrest Capital Management LLC purchased a new position in Palantir Technologies in the first quarter valued at approximately $206,000. D.A. Davidson & CO. raised its holdings in Palantir Technologies by 18.6% in the first quarter. D.A. Davidson & CO. now owns 14,579 shares of the company’s stock valued at $200,000 after buying an additional 2,286 shares during the period. MetLife Investment Management LLC purchased a new position in Palantir Technologies in the first quarter valued at approximately $1,475,000. Cibc World Market Inc. raised its holdings in Palantir Technologies by 38.3% in the first quarter. Cibc World Market Inc. now owns 226,834 shares of the company’s stock valued at $3,114,000 after buying an additional 62,814 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Palantir Technologies by 71.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,153,018 shares of the company’s stock valued at $15,832,000 after buying an additional 482,171 shares during the period. Hedge funds and other institutional investors own 34.21% of the company’s stock.

About Palantir Technologies

(Get Free Report)

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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Insider Buying and Selling by Quarter for Palantir Technologies (NYSE:PLTR)

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