Palantir Technologies Inc. (NASDAQ:PLTR) Insider Shyam Sankar Sells 16,731 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Shyam Sankar sold 16,731 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $2,107,604.07. Following the sale, the insider now directly owns 702,786 shares in the company, valued at approximately $88,529,952.42. The trade was a 2.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shyam Sankar also recently made the following trade(s):

• On Tuesday, May 20th, Shyam Sankar sold 150,814 shares of Palantir Technologies stock. The shares were sold at an average price of $126.39, for a total transaction of $19,061,381.46.
• On Monday, February 24th, Shyam Sankar sold 30,000 shares of Palantir Technologies stock. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00.

Palantir Technologies Stock Up 1.4%

NASDAQ:PLTR opened at $122.29 on Friday. Palantir Technologies Inc. has a 52 week low of $20.63 and a 52 week high of $133.49. The firm has a 50 day moving average of $101.88 and a 200 day moving average of $87.09. The stock has a market capitalization of $286.81 billion, a price-to-earnings ratio of 643.67, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. Palantir Technologies’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PLTR. Robert W. Baird increased their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. DA Davidson increased their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Finally, Loop Capital increased their target price on shares of Palantir Technologies from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PLTR. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the first quarter worth $25,000. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $27,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter worth $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter worth $27,000. Finally, First PREMIER Bank acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.