Palantir Technologies Inc. (NASDAQ:PLTR) Receives $75.19 Consensus Target Price from Analysts

Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) have earned an average rating of "Reduce" from the twenty-four brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $75.19.

Several research firms recently commented on PLTR. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Royal Bank of Canada boosted their price objective on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Bank of America raised their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th.

Palantir Technologies Trading Down 0.0 %

NASDAQ PLTR traded down $0.04 during trading hours on Wednesday, reaching $88.55. The company had a trading volume of 94,976,307 shares, compared to its average volume of 71,346,431. Palantir Technologies has a 1-year low of $20.33 and a 1-year high of $125.41. The stock has a market capitalization of $207.68 billion, a P/E ratio of 466.08, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The stock has a 50-day moving average of $92.81 and a 200 day moving average of $73.02.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the sale, the director now directly owns 88,129 shares of the company's stock, valued at $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock worth $253,328,090 in the last quarter. Company insiders own 12.93% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLTR. CMC Financial Group purchased a new position in shares of Palantir Technologies in the 1st quarter valued at about $314,000. Godsey & Gibb Inc. grew its position in Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after buying an additional 370 shares during the period. Fiduciary Planning LLC increased its holdings in Palantir Technologies by 25.2% in the first quarter. Fiduciary Planning LLC now owns 5,271 shares of the company's stock valued at $445,000 after buying an additional 1,061 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Palantir Technologies by 1,861.4% during the 1st quarter. Gateway Investment Advisers LLC now owns 363,704 shares of the company's stock valued at $30,697,000 after acquiring an additional 345,161 shares during the period. Finally, Congress Asset Management Co. purchased a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $4,989,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

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.