Insider Selling: Palantir Technologies Inc. (NASDAQ:PLTR) Director Sells 800 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Lauren Elaina Friedman Stat also recently made the following trade(s):

• On Tuesday, February 4th, Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20.

Palantir Technologies Stock Down 2.5 %

NASDAQ:PLTR traded down $2.24 during trading hours on Friday, reaching $86.35. 48,311,487 shares of the company's stock were exchanged, compared to its average volume of 70,995,779. The firm has a market capitalization of $202.51 billion, a price-to-earnings ratio of 459.42, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a 50-day moving average of $93.12 and a 200 day moving average of $72.66.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $1,360,191,000. Geode Capital Management LLC lifted its holdings in shares of Palantir Technologies by 52.9% during the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock worth $1,777,568,000 after purchasing an additional 16,598,253 shares during the period. Wellington Management Group LLP grew its position in Palantir Technologies by 504.0% in the 4th quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock valued at $354,117,000 after buying an additional 3,907,022 shares during the last quarter. Invesco Ltd. increased its stake in Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after buying an additional 3,509,311 shares during the period. Finally, Capital World Investors purchased a new position in Palantir Technologies during the 4th quarter worth $253,816,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Loop Capital reissued a "buy" rating on shares of Palantir Technologies in a research report on Friday, April 4th. Robert W. Baird upped their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. UBS Group increased their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Finally, Citigroup lifted their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $75.19.

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.