Palantir Technologies Inc. (NYSE:PLTR) Insider Heather A. Planishek Sells 10,907 Shares

Palantir Technologies Inc. (NYSE:PLTR) insider Heather A. Planishek sold 10,907 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $21.43, for a total transaction of $233,737.01. Following the transaction, the insider now owns 651,099 shares in the company, valued at approximately $13,953,051.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Palantir Technologies Stock Performance

PLTR stock opened at $21.02 on Friday. Palantir Technologies Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $27.50. The stock has a fifty day moving average of $22.39 and a 200-day moving average of $20.75. The company has a market capitalization of $46.80 billion, a price-to-earnings ratio of 175.14, a PEG ratio of 4.78 and a beta of 2.76.

Analyst Upgrades and Downgrades

PLTR has been the subject of several recent research reports. Raymond James boosted their target price 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. Monness Crespi & Hardt raised Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday, April 26th. DA Davidson lifted their target price on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Royal Bank of Canada increased their price target on Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, May 7th. Finally, Wedbush reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Palantir Technologies in a report on Monday, May 6th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.65.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Palantir Technologies by 11.1% in the 3rd quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock worth $2,997,419,000 after buying an additional 18,756,392 shares during the period. Morgan Stanley boosted its stake in Palantir Technologies by 26.1% in the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock worth $361,833,000 after purchasing an additional 4,675,824 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its holdings in shares of Palantir Technologies by 314.7% in the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,285,700 shares of the company’s stock worth $84,571,000 after buying an additional 4,011,100 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Palantir Technologies by 248,208.2% in the first quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock valued at $83,418,000 after acquiring an additional 3,623,840 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Palantir Technologies during the third quarter valued at approximately $55,719,000. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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.