Palantir Technologies (NASDAQ:PLTR) Trading Up 0.2% - Should You Buy?

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) shares traded up 0.2% on Thursday . The stock traded as high as $81.66 and last traded at $79.92. 18,687,607 shares changed hands during trading, a decline of 72% from the average session volume of 66,618,477 shares. The stock had previously closed at $79.76.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PLTR. Mizuho boosted their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an "underperform" rating in a research report on Friday, December 13th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Argus downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Morgan Stanley reissued an "underweight" rating and issued a $60.00 target price on shares of Palantir Technologies in a research note on Monday, January 6th. Finally, Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a research note on Friday, January 17th. They issued a "neutral" rating and a $72.00 target price for the company. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $44.61.

Palantir Technologies Trading Up 1.9 %

The stock has a market capitalization of $185.18 billion, a price-to-earnings ratio of 406.98, a PEG ratio of 7.08 and a beta of 2.82. The company's 50-day simple moving average is $72.94 and its 200-day simple moving average is $50.10.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same period last year, the company earned $0.03 EPS. Palantir Technologies's revenue for the quarter was up 30.0% compared to the same quarter last year. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total transaction of $999,200.00. Following the completion of the sale, the insider now directly owns 562,006 shares of the company's stock, valued at approximately $28,077,819.76. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,181,807 shares of company stock valued at $1,288,448,522 over the last ninety days. 12.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new position in Palantir Technologies during the 3rd quarter valued at $25,000. Prestige Wealth Management Group LLC lifted its position in shares of Palantir Technologies by 747.1% during the 3rd 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 position in shares of Palantir Technologies in the 4th quarter worth approximately $27,000. First PREMIER Bank bought a new stake in Palantir Technologies during the fourth quarter worth $28,000. Finally, Wolff Wiese Magana LLC boosted its position in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after purchasing an additional 265 shares during the last quarter. 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.

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