Palantir Technologies Inc. (NASDAQ:PLTR) Given Average Rating of “Reduce” by Brokerages

Palantir Technologies Inc. (NASDAQ:PLTR) has been assigned an average recommendation of “Reduce” from the twenty-two brokerages that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $73.21.

A number of equities analysts have issued reports on the company. Cantor Fitzgerald increased their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Loop Capital assumed coverage on Palantir Technologies in a report on Thursday. They set a “buy” rating and a $141.00 target price for the company. DA Davidson increased their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Bank of America increased their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group increased their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $66.77, for a total value of $650,740.42. Following the transaction, the director now directly owns 111,644 shares of the company’s stock, valued at $7,454,469.88. This represents a 8.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $66.59, for a total transaction of $1,997,700.00. Following the completion of the transaction, the insider now directly owns 752,786 shares in the company, valued at approximately $50,128,019.74. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,680,992 shares of company stock worth $473,395,877. Insiders own 12.93% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLTR. Northwest Investment Counselors LLC bought a new position in Palantir Technologies in the 3rd quarter valued at about $25,000. Prestige Wealth Management Group LLC raised its holdings in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the period. Roxbury Financial LLC bought a new position in Palantir Technologies in the 4th quarter valued at about $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies during the fourth quarter worth approximately $28,000. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Down 4.6 %

PLTR opened at $101.33 on Tuesday. The company has a fifty day simple moving average of $85.87 and a 200 day simple moving average of $59.60. The stock has a market cap of $230.84 billion, a P/E ratio of 533.36, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies has a 12 month low of $20.33 and a 12 month high of $125.41.

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.