Palantir Technologies Inc. (NYSE:PLTR) has been given an average rating of “Hold” by the thirteen brokerages that are presently covering the stock,Marketbeat.comreports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $8.92.
Several research analysts recently issued reports on the stock. Wolfe Research lowered shares of Palantir Technologies from a “peer perform” rating to an “underperform” rating and set a $4.50 target price on the stock. in a research note on Wednesday, December 21st. Mizuho increased their target price on shares of Palantir Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Palantir Technologies from $7.00 to $6.00 and set a “sell” rating on the stock in a research note on Monday, January 23rd. Raymond James dropped their price objective on shares of Palantir Technologies from $20.00 to $15.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of Palantir Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 14th.
Insider Activity at Palantir Technologies
In related news, Director Lauren Elaina Friedman Stat sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $6.38, for a total transaction of $44,660.00. Following the completion of the transaction, the director now owns 213,830 shares of the company’s stock, valued at $1,364,235.40. The sale was disclosed in a filing with the SEC, which is available throughthis hyperlink. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 7,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $6.38, for a total transaction of $44,660.00. Following the completion of the sale, the director now directly owns 213,830 shares in the company, valued at $1,364,235.40. The sale was disclosed in a document filed with the SEC, which is available atthe SEC website. Also, insiderAlexander C. Karpsold 809,398 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $7.00, for a total transaction of $5,665,786.00. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $45,025,806. The disclosure for this sale can be foundhere. Over the last 90 days, insiders sold 993,960 shares of company stock valued at $7,452,887. Corporate insiders own 13.71% of the company’s stock.
Institutional Investors Weigh In On Palantir TechnologiesA number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Palantir Technologies by 22.4% in the first quarter. Vanguard Group Inc. now owns 156,003,743 shares of the company’s stock worth $2,141,931,000 after buying an additional 28,563,749 shares during the period. Renaissance Technologies LLC increased its stake in shares of Palantir Technologies by 125.4% in the second quarter. Renaissance Technologies LLC now owns 28,204,147 shares of the company’s stock worth $255,812,000 after buying an additional 15,689,300 shares during the period. Two Sigma Investments LP increased its stake in shares of Palantir Technologies by 28,558.7% in the third quarter. Two Sigma Investments LP now owns 13,265,535 shares of the company’s stock worth $107,849,000 after buying an additional 13,219,247 shares during the period. Hyperion Asset Management Ltd purchased a new position in shares of Palantir Technologies in the second quarter worth $57,472,000. Finally, Norges Bank purchased a new position in shares of Palantir Technologies in the fourth quarter worth $39,395,000. 31.90% of the stock is currently owned by institutional investors.Palantir Technologies Stock Performance.
Shares of Palantir opened at $8.17 on Friday. Palantir Technologies has a 52-week low of $5.84 and a 52-week high of $14.86. The firm has a 50 day moving average price of $7.37 and a two-hundred day moving average price of $7.75. The stock has a market cap of $16.99 billion, a P/E ratio of -43.00, a price-to-earnings-growth ratio of 3.23 and a beta of 2.90.
Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, February 13th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Palantir Technologies had a negative net margin of 19.61% and a negative return on equity of 12.24%. The company had revenue of $508.62 million during the quarter, compared to analysts’ expectations of $504.84 million. During the same period in the prior year, the company posted $0.02 earnings per share. Palantir Technologies’s revenue for the quarter was up 17.5% compared to the same quarter last year. Analysts predict that Palantir Technologies will post 0.05 earnings per share for the current fiscal year.
Palantir Technologies Company Profile
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. 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.
source:defenseworld
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