Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report)'s stock price was up 0.4% during mid-day trading on Thursday . The stock traded as high as $118.39 and last traded at $117.86. Approximately 25,743,290 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 82,310,828 shares. The stock had previously closed at $117.39.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Morgan Stanley upgraded Palantir Technologies from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Argus downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Baird R W upgraded shares of Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. Finally, DA Davidson raised their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $69.44.
Read Our Latest Analysis on PLTR
Palantir Technologies Stock Performance
The company has a market capitalization of $283.89 billion, a price-to-earnings ratio of 655.93, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. The firm has a fifty day moving average price of $83.91 and a 200-day moving average price of $58.13.
Insiders Place Their Bets
In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,339,480 shares of company stock worth $578,221,285 over the last ninety days. Corporate insiders own 12.93% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of PLTR. Northwest Investment Counselors LLC acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $25,000. Prestige Wealth Management Group LLC grew its stake in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after buying an additional 650 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies in the 4th quarter valued at $28,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.
About Palantir Technologies
(
Get Free Report)
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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