Palantir Technologies Inc. (NYSE:PLTR) Insider Ryan D. Taylor Sells 155,539 Shares

Palantir Technologies Inc. (NYSE:PLTR) insider Ryan D. Taylor sold 155,539 shares of Palantir Technologies stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.02, for a total transaction of $5,446,975.78. Following the sale, the insider now directly owns 331,369 shares in the company, valued at approximately $11,604,542.38. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Palantir Technologies Price Performance

Shares of NYSE PLTR opened at $35.59 on Friday. The stock has a market cap of $79.26 billion, a PE ratio of 296.58, a price-to-earnings-growth ratio of 6.15 and a beta of 2.72. The firm has a fifty day moving average price of $29.69 and a 200-day moving average price of $25.49. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $36.01.

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

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently modified their holdings of PLTR. Vanguard Group Inc. increased its holdings in Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after acquiring an additional 6,466,596 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Palantir Technologies by 183.3% in the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock worth $3,645,000 after purchasing an additional 102,479 shares during the last quarter. Accel Wealth Management bought a new position in Palantir Technologies during the first quarter valued at approximately $360,000. Panagora Asset Management Inc. boosted its stake in Palantir Technologies by 185.6% during the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock valued at $1,317,000 after buying an additional 49,839 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter valued at approximately $262,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PLTR shares. Argus began coverage on shares of Palantir Technologies in a research note on Monday, June 17th. They issued a “buy” rating and a $29.00 price target for the company. Monness Crespi & Hardt cut their price target on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Jefferies Financial Group lifted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Finally, Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.79.

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.