Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel Sells 4,181,118 Shares of Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 4,181,118 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $36.91, for a total transaction of $154,325,065.38. Following the transaction, the director now owns 38,502,451 shares in the company, valued at approximately $1,421,125,466.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $36.49 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $14.48 and a fifty-two week high of $38.19. The firm has a market capitalization of $81.72 billion, a P/E ratio of 304.11 and a beta of 2.72. The company’s 50 day moving average price is $31.76 and its two-hundred day moving average price is $26.51.

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 analysts’ consensus estimates 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 net margin of 16.32% and a return on equity of 8.88%. The business’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 EPS. On average, analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On Palantir Technologies

Several large investors have recently modified their holdings of the business. Evolution Wealth Advisors LLC raised its stake in shares of Palantir Technologies by 0.5% during the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after acquiring an additional 360 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Palantir Technologies by 2.6% during the second quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock worth $386,000 after buying an additional 379 shares during the last quarter. Gradient Investments LLC raised its stake in Palantir Technologies by 21.4% during the second quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after buying an additional 406 shares during the last quarter. Apella Capital LLC raised its stake in Palantir Technologies by 3.7% during the second quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock worth $323,000 after buying an additional 416 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in Palantir Technologies by 1.2% during the second quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after buying an additional 416 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PLTR shares. Bank of America increased their target price on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Wedbush increased their price target on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Monness Crespi & Hardt reduced their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. 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 price target on the stock. Finally, Citigroup increased their price target on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.