Palantir Technologies Inc. (NYSE:PLTR $Palantir Technologies Inc.(PLTR)$ ) Director Alexander D. Moore sold 11,377 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $8.89, for a total transaction of $101,141.53. Following the transaction, the director now directly owns 1,960,928 shares in the company, valued at approximately $17,432,649.92. The transaction was disclosed in a document filed with the SEC, which is accessible throughthis hyperlink.
Shares of PLTR traded down $0.50 on Thursday, hitting $8.68. The company had a trading volume of 30,486,173 shares, compared to its average volume of 48,942,031. The firm’s 50-day simple moving average is $10.24 and its two-hundred day simple moving average is $13.46. Palantir Technologies Inc. has a 1 year low of $6.44 and a 1 year high of $29.29. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of -34.72 and a beta of 5.05.
Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, May 9th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). Palantir Technologies had a positive return on equity of 12.04% and a negative net margin of 30.25%. The company had revenue of $446.36 million during the quarter, compared to analysts’ expectations of $443.51 million. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies Inc. will post -0.07 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of PLTR. Endurance Wealth Management Inc. purchased a new stake in shares of Palantir Technologies in the 1st quarter worth about $27,000. IndexIQ Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter valued at about $27,000. Herold Advisors Inc. purchased a new position in Palantir Technologies during the 1st quarter valued at about $35,000. UMB Bank N A MO purchased a new position in Palantir Technologies during the 4th quarter valued at about $37,000. Finally, TAP Consulting LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $38,000. 40.02% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on PLTR shares.Zacks Investment Researchlowered shares of Palantir Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th. Morgan Stanley raised shares of Palantir Technologies from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $24.00 to $16.00 in a report on Monday, March 7th. Royal Bank of Canada lowered shares of Palantir Technologies from a “sector perform” rating to an “underperform” rating and cut their price target for the stock from $12.00 to $6.00 in a report on Monday, May 9th. Citigroup cut their price target on shares of Palantir Technologies from $10.00 to $7.00 in a report on Tuesday, May 10th. Finally, Monness Crespi & Hardt started coverage on shares of Palantir Technologies in a report on Monday, April 11th. They issued a “buy” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $15.20.
source: defenseworld
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