Palantir Technologies Inc. (NYSE:PLTR) Director Sells $156,444,068.82 in Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 4,254,666 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $36.77, for a total value of $156,444,068.82. Following the sale, the director now owns 51,234,275 shares in the company, valued at $1,883,884,291.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Palantir Technologies Stock Down 0.6 %

Shares of NYSE:PLTR opened at $36.86 on Friday. The business’s 50 day moving average is $31.43 and its 200 day moving average is $26.31. The stock has a market cap of $82.08 billion, a P/E ratio of 307.17 and a beta of 2.72. Palantir Technologies Inc. has a 52-week low of $14.48 and a 52-week high of $38.19.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $678.13 million during the quarter, compared to analysts’ expectations of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. Palantir Technologies’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies during the second quarter valued at about $25,000. West Paces Advisors Inc. grew its stake in Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after purchasing an additional 620 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Palantir Technologies in the second quarter worth about $30,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Palantir Technologies by 105.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after buying an additional 691 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. DA Davidson increased their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Wedbush increased their target price on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho cut shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $21.00 to $22.00 in a research note on Tuesday, July 16th. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $27.29.

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.