Palantir Technologies (NYSE:PLTR) Trading Up 1.2%

Palantir Technologies Inc. (NYSE:PLTR) shares were up 1.2% during mid-day trading on Friday . The company traded as high as $25.54 and last traded at $25.53. Approximately 9,127,889 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 56,548,141 shares. The stock had previously closed at $25.22.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PLTR shares. Mizuho upped their price objective on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. HSBC upped their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, May 7th. Citigroup upped their price objective on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Monness Crespi & Hardt lowered shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price for the company. in a research note on Friday, June 21st. Finally, Argus initiated coverage on shares of Palantir Technologies in a research note on Monday, June 17th. They set a “buy” rating and a $29.00 target price for the company. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $21.25.

Palantir Technologies Stock Up 0.2 %

The firm has a market cap of $56.25 billion, a price-to-earnings ratio of 212.77, a PEG ratio of 5.56 and a beta of 2.70. The company’s 50-day moving average price is $22.53 and its 200-day moving average price is $21.43.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $634.34 million for the quarter, compared to analysts’ expectations of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $22.74, for a total value of $113,700.00. Following the sale, the director now owns 186,783 shares of the company’s stock, valued at $4,247,445.42. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Palantir Technologies news, Director Peter Thiel sold 6,285,833 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the transaction, the director now directly owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 5,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $22.74, for a total transaction of $113,700.00. Following the completion of the transaction, the director now owns 186,783 shares in the company, valued at $4,247,445.42. The disclosure for this sale can be found here. Insiders have sold a total of 11,377,153 shares of company stock valued at $240,054,945 over the last 90 days. 12.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Palantir Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. Halpern Financial Inc. increased its stake in Palantir Technologies by 44.0% in the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after purchasing an additional 440 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in Palantir Technologies by 16.9% in the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock valued at $74,000 after purchasing an additional 463 shares during the last quarter. Principle Wealth Partners LLC increased its stake in Palantir Technologies by 4.8% in the first quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $241,000 after purchasing an additional 481 shares during the last quarter. GSB Wealth Management LLC increased its stake in Palantir Technologies by 4.6% in the first quarter. GSB Wealth Management LLC now owns 13,475 shares of the company’s stock valued at $310,000 after purchasing an additional 595 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its position in shares of Palantir Technologies by 1.0% during the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock worth $1,044,000 after acquiring an additional 618 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.