Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. This trade represents a 19.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Palantir Technologies Stock Performance
Shares of Palantir Technologies stock opened at $83.60 on Friday. The company's fifty day moving average is $92.77 and its two-hundred day moving average is $70.43. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a market capitalization of $196.07 billion, a P/E ratio of 440.02, a PEG ratio of 10.84 and a beta of 2.74.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Northland Securities raised their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, February 4th. Bank of America boosted their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Cantor Fitzgerald raised their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $75.19.
Get Our Latest Research Report on Palantir Technologies
Hedge Funds Weigh In On Palantir Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in PLTR. Versant Capital Management Inc lifted its position in Palantir Technologies by 17.2% during the 1st quarter. Versant Capital Management Inc now owns 5,252 shares of the company's stock worth $443,000 after acquiring an additional 772 shares during the period. Kera Capital Partners Inc. purchased a new stake in shares of Palantir Technologies during the first quarter worth approximately $241,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Palantir Technologies by 52.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 7,704 shares of the company's stock worth $650,000 after purchasing an additional 2,642 shares during the period. Mascagni Wealth Management Inc. purchased a new position in Palantir Technologies in the 4th quarter valued at $2,058,000. Finally, M1 Capital Management LLC acquired a new position in Palantir Technologies in the 4th quarter valued at $394,000. Hedge funds and other institutional investors own 45.65% of the company's stock.
About Palantir Technologies
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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.
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