Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) traded up 2.6% on Thursday . The company traded as high as $88.50 and last traded at $88.31. 30,143,829 shares traded hands during trading, a decline of 54% from the average session volume of 65,223,054 shares. The stock had previously closed at $86.10.
Analysts Set New Price Targets
PLTR has been the topic of a number of recent research reports. Northland Securities increased their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. UBS Group increased their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. William Blair set a $84.00 target price on shares of Palantir Technologies in a research report on Wednesday, March 5th. DA Davidson upped their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Finally, Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $74.45.
Get Our Latest Analysis on PLTR
Palantir Technologies Stock Performance
The firm has a market capitalization of $213.33 billion, a price-to-earnings ratio of 478.76, a P/E/G ratio of 10.84 and a beta of 2.81. The company has a 50 day moving average price of $89.55 and a two-hundred day moving average price of $67.18.
Insider Buying and Selling at Palantir Technologies
In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the completion of the transaction, the insider now directly owns 170,273 shares in the company, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock valued at $281,528,938 over the last ninety days. Corporate insiders own 12.93% of the company's stock.
Institutional Trading of Palantir Technologies
Several large investors have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Palantir Technologies by 96.4% in the third quarter. State Street Corp now owns 82,512,440 shares of the company's stock valued at $3,069,463,000 after purchasing an additional 40,498,024 shares during the last quarter. Norges Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $1,360,191,000. Geode Capital Management LLC increased its stake in shares of Palantir Technologies by 52.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock worth $1,777,568,000 after acquiring an additional 16,598,253 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Palantir Technologies by 504.0% during the 4th quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock worth $354,117,000 after acquiring an additional 3,907,022 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after acquiring an additional 3,509,311 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.
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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