Palantir Technologies Inc. (NYSE:PLTR) Receives $18.35 Consensus Price Target from Brokerages

Shares of Palantir Technologies Inc. (NYSE:PLTR) have received a consensus rating of “Hold” from the twelve research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $18.35.

A number of analysts have weighed in on PLTR shares. Citigroup raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating and increased their target price for the company from $10.00 to $20.00 in a research report on Tuesday, February 6th. Mizuho increased their price target on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Bank of America increased their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Raymond James increased their price target on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded Palantir Technologies from an “underperform” rating to a “hold” rating and increased their price target for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 29,168 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.00, for a total value of $729,200.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $18,819,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Shyam Sankar sold 29,168 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.00, for a total transaction of $729,200.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $18,819,650. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Heather A. Planishek sold 32,828 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total value of $851,886.60. Following the sale, the insider now directly owns 662,006 shares of the company’s stock, valued at $17,179,055.70. The disclosure for this sale can be found here. In the last three months, insiders sold 7,456,273 shares of company stock valued at $184,343,202. 13.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently made changes to their positions in the business. West Paces Advisors Inc. increased its holdings in Palantir Technologies by 110.7% in the 1st 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 last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Palantir Technologies by 105.3% in the 1st 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 last quarter. Bogart Wealth LLC increased its holdings in Palantir Technologies by 332.8% in the 1st quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock worth $32,000 after acquiring an additional 1,065 shares during the last quarter. Halpern Financial Inc. increased its holdings in Palantir Technologies by 44.0% in the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock worth $33,000 after acquiring an additional 440 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new stake in Palantir Technologies in the 4th quarter worth about $27,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $22.52 on Wednesday. The company has a market capitalization of $49.82 billion, a P/E ratio of 250.17, a P/E/G ratio of 5.29 and a beta of 2.78. The business has a 50 day moving average of $23.45 and a 200-day moving average of $20.05. Palantir Technologies has a 1 year low of $7.28 and a 1 year high of $27.50.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $608.35 million for the quarter, compared to analyst estimates of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. Equities analysts anticipate that Palantir Technologies will post 0.16 EPS for the current year.

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.