Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) Director Peter Thiel sold 3,989,204 shares of the business's stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $36.94, for a total value of $147,361,195.76. Following the completion of the sale, the director now owns 42,683,569 shares of the company's stock, valued at approximately $1,576,731,038.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Peter Thiel also recently made the following trade(s):
- On Monday, September 30th, Peter Thiel sold 4,181,118 shares of Palantir Technologies stock. The shares were sold at an average price of $36.91, for a total value of $154,325,065.38.
- 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 value of $156,444,068.82.
Palantir Technologies Price Performance
Shares of PLTR stock opened at $36.49 on Wednesday. The business's fifty day moving average price is $31.76 and its 200 day moving average price is $26.51. Palantir Technologies Inc. has a 1-year low of $14.48 and a 1-year high of $38.19. The firm has a market capitalization of $81.72 billion, a PE ratio of 304.11 and a beta of 2.72.
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Palantir Technologies (NYSE:PLTR - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm 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 firm's revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on PLTR. Wedbush upped their price target on Palantir Technologies from $38.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $20.00 to $21.00 and gave the stock a "sell" rating in a research note on Tuesday, August 6th. Raymond James cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Citigroup upped their price target on Palantir Technologies from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 30th. Finally, Mizuho cut Palantir Technologies from a "neutral" rating to an "underperform" rating and upped their price target for the stock from $21.00 to $22.00 in a research note on Tuesday, July 16th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.29.
Get Our Latest Report on Palantir Technologies
Institutional Trading of Palantir Technologies
Several large investors have recently bought and sold shares of the company. Evolution Wealth Advisors LLC grew its holdings in Palantir Technologies by 0.5% in the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company's stock valued at $1,853,000 after purchasing an additional 360 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Palantir Technologies by 2.6% in the second quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company's stock valued at $386,000 after purchasing an additional 379 shares during the last quarter. Gradient Investments LLC grew its holdings in Palantir Technologies by 21.4% in the second quarter. Gradient Investments LLC now owns 2,306 shares of the company's stock valued at $58,000 after purchasing an additional 406 shares during the last quarter. Apella Capital LLC grew its holdings in Palantir Technologies by 3.7% in the second quarter. Apella Capital LLC now owns 11,791 shares of the company's stock valued at $323,000 after purchasing an additional 416 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Palantir Technologies by 1.2% during the second quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company's stock valued at $916,000 after acquiring an additional 416 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.
About Palantir Technologies
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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.
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