Insider Selling: Palantir Technologies Inc. (NYSE:PLTR) Director Sells $154,325,065.38 in Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 4,181,118 shares of Palantir Technologies stock in a transaction on Monday, September 30th. The shares were sold at an average price of $36.91, for a total value of $154,325,065.38. Following the sale, the director now directly owns 38,502,451 shares of the company’s stock, valued at approximately $1,421,125,466.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Peter Thiel also recently made the following trade(s):

• On Friday, September 27th, Peter Thiel sold 3,989,204 shares of Palantir Technologies stock. The stock was sold at an average price of $36.94, for a total value of $147,361,195.76.
• On Wednesday, September 25th, Peter Thiel sold 4,254,666 shares of Palantir Technologies stock. The shares were sold at an average price of $36.77, for a total value of $156,444,068.82.

Palantir Technologies Trading Up 4.7 %

Shares of Palantir Technologies stock opened at $39.25 on Friday. The company’s fifty day simple moving average is $32.23 and its 200-day simple moving average is $26.67. The company has a market cap of $87.90 billion, a price-to-earnings ratio of 327.11 and a beta of 2.72. Palantir Technologies Inc. has a 1 year low of $14.48 and a 1 year high of $39.29.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in Palantir Technologies during the second quarter worth $25,000. Farmers & Merchants Investments Inc. acquired a new stake in Palantir Technologies during the second quarter worth $25,000. West Paces Advisors Inc. boosted its stake in Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after buying an additional 620 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Palantir Technologies during the second quarter worth $30,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Palantir Technologies by 105.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PLTR shares. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Citigroup lifted their price objective on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Northland Securities began coverage on shares of Palantir Technologies in a research report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 target price on the stock. Mizuho lowered Palantir Technologies from a “neutral” rating to an “underperform” rating and raised their target price for the company from $21.00 to $22.00 in a report on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.29.

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.