Palantir Technologies (NYSE:PLTR) Hits New 12-Month High at $32.76

Palantir Technologies Inc. (NYSE:PLTR) shares reached a new 52-week high on Monday . The stock traded as high as $32.76 and last traded at $32.76, with a volume of 1521095 shares traded. The stock had previously closed at $32.08.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PLTR shares. Royal Bank of Canada reissued an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 6th. DA Davidson boosted 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. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Raymond James boosted their price objective on Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Finally, The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.14.

Palantir Technologies Stock Up 2.1 %

The company has a market capitalization of $72.91 billion, a PE ratio of 267.36, a PEG ratio of 5.47 and a beta of 2.71. The company’s 50 day moving average is $26.78 and its two-hundred day moving average is $24.20.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm 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 business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. Analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 2,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.97, for a total value of $57,940.00. Following the completion of the transaction, the director now directly owns 69,039 shares of the company’s stock, valued at $2,000,059.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Lauren Elaina Friedman Stat sold 2,000 shares of Palantir Technologies stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $28.97, for a total value of $57,940.00. Following the completion of the transaction, the director now owns 69,039 shares in the company, valued at $2,000,059.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexander D. Moore sold 20,422 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $22.94, for a total value of $468,480.68. Following the sale, the director now directly owns 1,587,707 shares in the company, valued at $36,421,998.58. The disclosure for this sale can be found here. Insiders have sold 495,673 shares of company stock valued at $14,514,337 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

A number of institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in shares of Palantir Technologies in the second quarter worth about $25,000. Farmers & Merchants Investments Inc. bought a new position in shares of Palantir Technologies during the 2nd quarter worth $25,000. First United Bank & Trust purchased a new position in shares of Palantir Technologies during the fourth quarter valued at $26,000. West Paces Advisors Inc. increased its stake in shares of Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after buying an additional 620 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after acquiring an additional 691 shares in the last quarter. 45.65% of the stock is currently owned by 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.