Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) traded up 2% during trading on Monday . The company traded as high as $81.80 and last traded at $75.52. 70,879,234 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 69,269,053 shares. The stock had previously closed at $74.01.
Analyst Ratings Changes
Several research analysts have issued reports on PLTR shares. Royal Bank of Canada raised their price target 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. Mizuho increased their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 target price on the stock. Northland Securities upped their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. Finally, UBS Group lifted their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $75.19.
Check Out Our Latest Research Report on PLTR
Palantir Technologies Trading Down 0.0 %
The firm has a market cap of $207.68 billion, a P/E ratio of 466.08, a P/E/G ratio of 10.84 and a beta of 2.74. The business has a 50-day moving average price of $92.81 and a 200-day moving average price of $73.02.
Insider Buying and Selling at Palantir Technologies
In other news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the transaction, the director now owns 88,129 shares of the company's stock, valued at $9,059,661.20. The trade was a 11.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now directly owns 592 shares in the company, valued at $48,988. The trade was a 99.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,989,975 shares of company stock valued at $253,328,090. 12.93% of the stock is currently owned by insiders.
Institutional Trading of Palantir Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in PLTR. Geode Capital Management LLC raised its position in shares of Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after buying an additional 4,127,306 shares during the period. Northern Trust Corp raised its stake in shares of Palantir Technologies by 20.4% in the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after acquiring an additional 3,299,779 shares in the last quarter. Norges Bank purchased a new position in Palantir Technologies in the fourth quarter valued at $1,360,191,000. FMR LLC grew its stake in Palantir Technologies by 22.6% during the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after purchasing an additional 2,818,090 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after purchasing an additional 3,509,311 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.
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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