Citigroup Increases Palantir Technologies (NYSE:PLTR) Price Target to $25.00

Palantir Technologies (NYSE:PLTR) had its price target increased by equities researchers at Citigroup from $23.00 to $25.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 15.96% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft upped their target price on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday. Royal Bank of Canada lifted their price target on Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a report on Tuesday. William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday. Finally, DA Davidson lifted their target price on shares of Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.65.

Palantir Technologies Trading Up 0.7 %

Shares of Palantir Technologies stock opened at $21.56 on Tuesday. Palantir Technologies has a 1 year low of $8.65 and a 1 year high of $27.50. The company has a market cap of $47.71 billion, a P/E ratio of 239.58, a P/E/G ratio of 5.72 and a beta of 2.76. The stock has a 50-day moving average price of $23.34 and a 200 day moving average price of $20.35.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. On average, equities analysts forecast that Palantir Technologies will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the transaction, the director now directly owns 1,595,519 shares in the company, valued at $35,133,328.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the sale, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 5,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $22.74, for a total transaction of $113,700.00. Following the completion of the sale, the director now owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The disclosure for this sale can be found here. Insiders have sold 7,206,273 shares of company stock valued at $178,543,602 in the last 90 days. 13.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Halpern Financial Inc. lifted its holdings in shares of Palantir Technologies by 44.0% during the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock worth $33,000 after acquiring an additional 440 shares during the period. Harbor Investment Advisory LLC lifted its stake in Palantir Technologies by 16.9% during the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock worth $74,000 after purchasing an additional 463 shares during the period. Principle Wealth Partners LLC boosted its holdings in Palantir Technologies by 4.8% during the first quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $241,000 after purchasing an additional 481 shares in the last quarter. GSB Wealth Management LLC lifted its position in shares of Palantir Technologies by 4.6% during the 1st quarter. GSB Wealth Management LLC now owns 13,475 shares of the company’s stock worth $310,000 after buying an additional 595 shares during the period. Finally, Fiduciary Alliance LLC boosted its stake in Palantir Technologies by 1.0% in the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after buying an additional 618 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

About Palantir Technologies

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.