Palantir Technologies Inc. (NASDAQ:PLTR) Director Alexandra W. Schiff Sells 4,000 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Palantir Technologies Stock Down 1.4 %

Shares of Palantir Technologies stock opened at $67.26 on Friday. The stock has a market capitalization of $153.22 billion, a price-to-earnings ratio of 336.32, a price-to-earnings-growth ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The company has a 50-day simple moving average of $68.93 and a two-hundred day simple moving average of $45.68.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Trading of Palantir Technologies

Large investors have recently modified their holdings of the stock. Graypoint LLC raised its stake in Palantir Technologies by 61.3% in the fourth quarter. Graypoint LLC now owns 11,607 shares of the company’s stock valued at $878,000 after purchasing an additional 4,411 shares in the last quarter. RMR Wealth Builders raised its position in shares of Palantir Technologies by 2.4% in the 4th quarter. RMR Wealth Builders now owns 7,201 shares of the company’s stock valued at $545,000 after buying an additional 167 shares in the last quarter. Atlas Brown Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $316,000. HBW Advisory Services LLC boosted its position in shares of Palantir Technologies by 8.5% during the 4th quarter. HBW Advisory Services LLC now owns 11,062 shares of the company’s stock worth $837,000 after acquiring an additional 864 shares in the last quarter. Finally, Sage Capital Advisors llc increased its stake in Palantir Technologies by 309.5% in the fourth quarter. Sage Capital Advisors llc now owns 94,193 shares of the company’s stock valued at $7,124,000 after acquiring an additional 71,192 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the topic of a number of analyst reports. Wedbush upped their price objective on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research report on Thursday, November 7th. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Morgan Stanley reaffirmed an “underweight” rating and issued a $60.00 target price on shares of Palantir Technologies in a report on Monday, January 6th. Finally, Mizuho lifted their price target on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a report on Friday, December 13th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.12.

Palantir Technologies Company Profile

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.