Palantir Technologies (NYSE:PLTR) Shares Up 1.4%

Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) shares rose 1.4% during mid-day trading on Monday . The company traded as high as $24.02 and last traded at $23.89. Approximately 8,526,003 shares traded hands during trading, a decline of 85% from the average daily volume of 57,229,141 shares. The stock had previously closed at $23.57.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. Monness Crespi & Hardt raised shares of Palantir Technologies from a "sell" rating to a "neutral" rating in a research report on Friday, April 26th. Wedbush reaffirmed an "outperform" rating and issued a $35.00 price objective on shares of Palantir Technologies in a research report on Monday, May 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a "sell" rating in a research report on Tuesday, May 7th. DA Davidson increased their target price on Palantir Technologies from $19.00 to $24.00 and gave the company a "neutral" rating in a research note on Tuesday, May 7th. Finally, HSBC increased their target price on Palantir Technologies from $22.00 to $23.00 and gave the company a "hold" rating in a research note on Tuesday, May 7th. Five analysts have rated the stock with a sell rating, six have given a hold rating and four 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 $21.25.

Palantir Technologies Price Performance

The business has a fifty day moving average of $22.09 and a 200-day moving average of $21.10. The stock has a market capitalization of $55.72 billion, a price-to-earnings ratio of 208.52, a price-to-earnings-growth ratio of 5.44 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, hitting analysts' consensus estimates of $0.04. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The firm had revenue of $634.34 million for the quarter, compared to analysts' expectations of $614.88 million. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of Palantir Technologies stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $24.24, for a total transaction of $72,720.00. Following the transaction, the director now owns 35,843 shares of the company's stock, valued at approximately $868,834.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Eric H. Woersching sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $24.24, for a total value of $72,720.00. Following the completion of the sale, the director now owns 35,843 shares of the company's stock, valued at approximately $868,834.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alexander D. Moore sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the completion of the sale, the director now directly owns 1,595,519 shares of the company's stock, valued at approximately $35,133,328.38. The disclosure for this sale can be found here. Insiders have sold a total of 11,374,153 shares of company stock valued at $239,976,945 in the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently made changes to their positions in the company. Halpern Financial Inc. lifted its holdings in shares of Palantir Technologies by 44.0% during the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company's stock worth $33,000 after buying an additional 440 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Palantir Technologies by 16.9% during the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company's stock worth $74,000 after buying an additional 463 shares during the last quarter. Principle Wealth Partners LLC lifted its holdings in shares of Palantir Technologies by 4.8% during the first quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company's stock worth $241,000 after buying an additional 481 shares during the last quarter. GSB Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 4.6% during the first quarter. GSB Wealth Management LLC now owns 13,475 shares of the company's stock worth $310,000 after buying an additional 595 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its holdings in shares of Palantir Technologies by 1.0% during the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company's stock worth $1,044,000 after buying an additional 618 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Company Profile

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.