Deutsche Bank Aktiengesellschaft Boosts Palantir Technologies (NYSE:PLTR) Price Target to $21.00

Palantir Technologies (NYSE:PLTR) had its price objective increased by Deutsche Bank Aktiengesellschaft from $20.00 to $21.00 in a research note published on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a sell rating on the stock.

A number of other equities analysts have also recently issued reports on PLTR. Argus assumed coverage on shares of Palantir Technologies in a research report on Monday, June 17th. They set a buy rating and a $29.00 price objective for the company. Mizuho lowered Palantir Technologies from a neutral rating to an underperform rating and boosted their price objective for the stock from $21.00 to $22.00 in a research report on Tuesday, July 16th. Monness Crespi & Hardt lowered Palantir Technologies from a neutral rating to a sell rating and set a $20.00 price target on the stock. in a research note on Friday, June 21st. HSBC lifted their target price on shares of Palantir Technologies from $22.00 to $23.00 and gave the stock a hold rating in a research report on Tuesday, May 7th. Finally, Jefferies Financial Group lifted their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a hold rating in a report on Monday, July 29th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Palantir Technologies has a consensus rating of Hold and an average target price of $23.14.

Palantir Technologies Price Performance

NYSE PLTR opened at $29.28 on Tuesday. Palantir Technologies has a fifty-two week low of $13.68 and a fifty-two week high of $29.83. The business has a fifty day moving average price of $25.80 and a two-hundred day moving average price of $23.52. The stock has a market capitalization of $65.20 billion, a PE ratio of 244.00, a PEG ratio of 6.02 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The business had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. During the same period in the prior year, the company earned $0.01 EPS. Palantir Technologies’s revenue for the quarter was up 27.2% on a year-over-year basis. As a group, sell-side analysts expect that Palantir Technologies will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total transaction of $80,611.50. Following the transaction, the director now owns 65,989 shares in the company, valued at approximately $1,744,089.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Heather A. Planishek sold 2,398 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total transaction of $51,077.40. Following the completion of the sale, the insider now owns 639,696 shares in the company, valued at $13,625,524.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 3,050 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total value of $80,611.50. Following the completion of the transaction, the director now owns 65,989 shares in the company, valued at $1,744,089.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,396 shares of company stock worth $4,389,707. Corporate insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

Several hedge funds have recently bought and sold shares of PLTR. Assenagon Asset Management S.A. lifted its stake in shares of Palantir Technologies by 77.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,603 shares of the company’s stock valued at $337,000 after buying an additional 8,539 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Palantir Technologies by 11.5% in the 4th quarter. Allworth Financial LP now owns 8,885 shares of the company’s stock worth $153,000 after acquiring an additional 914 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in Palantir Technologies by 18.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 53,052 shares of the company’s stock valued at $911,000 after purchasing an additional 8,396 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Palantir Technologies by 7.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 233,054 shares of the company’s stock worth $4,088,000 after purchasing an additional 15,624 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Palantir Technologies by 6.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,967 shares of the company’s stock worth $789,000 after purchasing an additional 2,604 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

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.