Insider Selling: Palantir Technologies Inc. (NYSE:PLTR) Director Sells 20,000 Shares of Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the transaction, the director now directly owns 1,595,519 shares of the company’s stock, valued at $35,133,328.38. The sale was disclosed in a document filed with the SEC, which is available through this link.

Palantir Technologies Stock Up 3.5 %

Shares of PLTR opened at $23.33 on Friday. Palantir Technologies Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $27.50. The company’s fifty day moving average is $23.36 and its two-hundred day moving average is $20.17. The firm has a market cap of $51.62 billion, a PE ratio of 259.25, a price-to-earnings-growth ratio of 5.53 and a beta of 2.76.

Palantir Technologies (NYSE:PLTR) last issued 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 during 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%. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Institutional Trading of Palantir Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC grew its stake 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 buying an additional 700 shares during the period. First United Bank & Trust acquired a new position in shares of Palantir Technologies during the 4th quarter valued at $26,000. Pacifica Partners Inc. purchased a new stake in Palantir Technologies during the 4th quarter worth $27,000. West Paces Advisors Inc. boosted its position in Palantir Technologies by 110.7% during the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after purchasing an additional 620 shares during the period. Finally, 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 valued at $31,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of analyst reports. Citigroup raised Palantir Technologies from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $10.00 to $20.00 in a report on Tuesday, February 6th. Mizuho upped their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Monness Crespi & Hardt upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday, April 26th. Wedbush reissued an “outperform” rating and issued a $35.00 price objective (up previously from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Finally, Bank of America raised their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Three equities 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.35.

Palantir Technologies Company Profile

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.