Daiwa America upgraded shares of Palantir Technologies (NASDAQ:PLTR - Free Report) to a hold rating in a research report report published on Tuesday,Zacks.com reports.
Several other research analysts also recently weighed in on PLTR. Royal Bank of Canada upped their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. William Blair set a $84.00 target price on shares of Palantir Technologies in a report on Wednesday, March 5th. Mizuho lifted their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Citigroup increased their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, UBS Group lifted their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $75.19.
View Our Latest Analysis on Palantir Technologies
Palantir Technologies Stock Performance
Shares of NASDAQ PLTR traded down $3.85 during midday trading on Tuesday, hitting $83.60. 93,636,202 shares of the stock traded hands, compared to its average volume of 68,768,764. Palantir Technologies has a one year low of $20.33 and a one year high of $125.41. The business has a 50 day moving average price of $92.77 and a two-hundred day moving average price of $70.43. The company has a market cap of $196.07 billion, a PE ratio of 440.02, a P/E/G ratio of 10.84 and a beta of 2.81.
Insider Activity at Palantir Technologies
In other news, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now directly owns 403,171 shares in the company, valued at approximately $33,382,558.80. The trade was a 19.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,993,175 shares of company stock worth $253,549,610. Company insiders own 12.93% of the company's stock.
Institutional Investors Weigh In On Palantir Technologies
Institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. lifted its stake in Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company's stock worth $67,000 after purchasing an additional 448 shares in the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $876,000. Destiny Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $3,233,000. Coldstream Capital Management Inc. bought a new stake in Palantir Technologies during the third quarter valued at $639,000. Finally, Kieckhefer Group LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $11,769,000. 45.65% of the stock is owned by hedge funds and other institutional investors.
About Palantir Technologies
(
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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.
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