Palantir Technologies Inc. (NASDAQ:PLTR) Insider Shyam Sankar Sells 16,731 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Shyam Sankar sold 16,731 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $2,107,604.07. Following the completion of the transaction, the insider now owns 702,786 shares of the company’s stock, valued at $88,529,952.42. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shyam Sankar also recently made the following trade(s):

• On Tuesday, May 20th, Shyam Sankar sold 150,814 shares of Palantir Technologies stock. The stock was sold at an average price of $126.39, for a total transaction of $19,061,381.46.
• On Monday, February 24th, Shyam Sankar sold 30,000 shares of Palantir Technologies stock. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $123.31 on Friday. Palantir Technologies Inc. has a fifty-two week low of $20.64 and a fifty-two week high of $133.49. The firm has a market cap of $289.21 billion, a PE ratio of 649.03, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The business has a 50 day moving average price of $102.66 and a 200-day moving average price of $87.59.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm’s revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Daiwa Capital Markets started coverage on Palantir Technologies in a research report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price objective on the stock. Citigroup lifted their price target on Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Robert W. Baird raised their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Mizuho boosted their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $83.95.

Hedge Funds Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mechanics Financial Corp bought a new position in Palantir Technologies during the 1st quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies during the first quarter valued at approximately $27,000. Roxbury Financial LLC purchased a new stake in Palantir Technologies in the fourth quarter worth $27,000. Finally, First PREMIER Bank bought a new stake in Palantir Technologies in the fourth quarter valued at $28,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.