Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report)'s stock price was down 1.4% during trading on Tuesday . The stock traded as low as $95.08 and last traded at $95.39. Approximately 35,257,297 shares changed hands during trading, a decline of 64% from the average daily volume of 98,681,977 shares. The stock had previously closed at $96.75.
Analysts Set New Price Targets
PLTR has been the topic of several recent analyst reports. Loop Capital cut their target price on Palantir Technologies from $141.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Mizuho raised their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Northland Securities boosted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, February 4th. Finally, Bank of America raised their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $74.45.
Check Out Our Latest Stock Report on PLTR
Palantir Technologies Trading Down 5.6 %
The stock has a market cap of $199.43 billion, a P/E ratio of 447.16, a PEG ratio of 10.84 and a beta of 2.81. The company's 50 day moving average price is $91.70 and its two-hundred day moving average price is $68.69.
Insider Buying and Selling at Palantir Technologies
In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $48,988. The trade was a 99.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the sale, the insider now owns 170,273 shares of the company's stock, valued at $12,681,933.04. The trade was a 73.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Company insiders own 12.93% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLTR. Prestige Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 747.1% in 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 in the last quarter. Roxbury Financial LLC purchased a new stake in Palantir Technologies in the 4th quarter worth $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC grew its position in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC grew its position in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.
Palantir Technologies Company Profile
(
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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