Ryan D. Taylor Sells 123,334 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) insider Ryan D. Taylor sold 123,334 shares of the business's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the transaction, the insider now owns 331,369 shares in the company, valued at approximately $14,911,605. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Palantir Technologies Stock Performance

NYSE:PLTR traded down $0.02 during trading hours on Tuesday, hitting $44.96. The stock had a trading volume of 26,067,943 shares, compared to its average volume of 56,328,008. Palantir Technologies Inc. has a one year low of $14.48 and a one year high of $45.14. The company has a market cap of $100.67 billion, a price-to-earnings ratio of 264.24 and a beta of 2.72. The business's 50 day moving average is $37.11 and its 200-day moving average is $29.02.

Palantir Technologies (NYSE:PLTR - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The firm had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. During the same period in the previous year, the company posted $0.01 EPS. The firm's revenue for the quarter was up 27.2% on a year-over-year basis. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an "underperform" rating and issued a $9.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 6th. Wedbush upped their target price on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, September 26th. Monness Crespi & Hardt reduced their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Tuesday, August 6th. Mizuho upped their target price on shares of Palantir Technologies from $24.00 to $30.00 and gave the stock an "underperform" rating in a research report on Thursday, October 17th. Finally, Northland Capmk upgraded shares of Palantir Technologies to a "hold" rating in a research report on Thursday, August 22nd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $27.86.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in shares of Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company's stock worth $13,786,000 after acquiring an additional 68,945 shares in the last quarter. Heritage Wealth Management Inc. CA bought a new stake in shares of Palantir Technologies during the third quarter worth $1,076,000. Cyndeo Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the third quarter worth $6,339,000. Seven Grand Managers LLC bought a new stake in shares of Palantir Technologies during the third quarter worth $930,000. Finally, Dock Street Asset Management Inc. grew its position in Palantir Technologies by 23.4% in the third quarter. Dock Street Asset Management Inc. now owns 998,953 shares of the company's stock valued at $37,161,000 after purchasing an additional 189,189 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

About Palantir Technologies

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.

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