Insider Selling: Palantir Technologies Inc. (NYSE:PLTR) Director Sells 20,422 Shares of Stock

Palantir Technologies Inc. (NYSE:PLTRGet Free Report) Director Alexander D. Moore sold 20,422 shares of Palantir Technologies stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $22.94, for a total value of $468,480.68. Following the completion of the transaction, the director now owns 1,587,707 shares of the company’s stock, valued at approximately $36,421,998.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Palantir Technologies Trading Down 0.8 %

NYSE:PLTR opened at $23.13 on Tuesday. The firm has a market cap of $51.50 billion, a P/E ratio of 192.72, a PEG ratio of 5.38 and a beta of 2.70. The stock’s 50 day simple moving average is $21.97 and its 200-day simple moving average is $20.95. Palantir Technologies Inc. has a 12-month low of $13.56 and a 12-month high of $27.50.

Palantir Technologies (NYSE:PLTRGet Free Report) last released its earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. Research analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC grew its holdings in Palantir Technologies by 74.9% during the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares during the period. First United Bank & Trust acquired a new position in Palantir Technologies during the fourth quarter worth $26,000. Pacifica Partners Inc. acquired a new position in Palantir Technologies during the fourth quarter worth $27,000. West Paces Advisors Inc. grew its holdings in Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after acquiring an additional 620 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Palantir Technologies by 105.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after acquiring an additional 691 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Mizuho boosted their target price on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Citigroup boosted their target price on Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. DA Davidson boosted their price objective on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Wedbush reiterated an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a research note on Monday, May 6th. Finally, HSBC boosted their price objective on Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $20.65.

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Palantir Technologies Company Profile

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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.

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

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