Palantir Technologies Inc. (NYSE:PLTR) Insider Sells $233,737.01 in Stock

Palantir Technologies Inc. (NYSE:PLTR) insider Heather A. Planishek sold 10,907 shares of Palantir Technologies stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $21.43, for a total value of $233,737.01. Following the completion of the transaction, the insider now directly owns 651,099 shares in the company, valued at $13,953,051.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $21.02 on Friday. Palantir Technologies Inc. has a 1-year low of $12.34 and a 1-year high of $27.50. The company has a market capitalization of $46.80 billion, a P/E ratio of 175.14, a PEG ratio of 4.78 and a beta of 2.76. The business’s fifty day moving average price is $22.39 and its two-hundred day moving average price is $20.75.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research report on Friday, April 26th. Jefferies Financial Group raised Palantir Technologies from an “underperform” rating to a “hold” rating and upped their target price for the stock from $13.00 to $22.00 in a research report on Tuesday, February 6th. Mizuho raised their target price on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. HSBC upped their price target on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, May 7th. Finally, Wedbush reiterated an “outperform” rating and set a $35.00 price objective on shares of Palantir Technologies in a research note on Monday, May 6th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.65.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Palantir Technologies by 1.6% in the first quarter. Vanguard Group Inc. now owns 196,834,580 shares of the company’s stock valued at $4,529,164,000 after buying an additional 3,029,317 shares during the period. Morgan Stanley boosted its position in shares of Palantir Technologies by 26.1% during the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after purchasing an additional 4,675,824 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Palantir Technologies by 15.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,571,224 shares of the company’s stock worth $335,284,000 after purchasing an additional 1,980,495 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Palantir Technologies by 5.5% in the 3rd quarter. Northern Trust Corp now owns 11,498,685 shares of the company’s stock worth $183,979,000 after purchasing an additional 601,012 shares in the last quarter. Finally, ARK Investment Management LLC lifted its stake in Palantir Technologies by 16.1% during the fourth quarter. ARK Investment Management LLC now owns 10,937,859 shares of the company’s stock valued at $187,803,000 after purchasing an additional 1,514,232 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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.