Deutsche Bank Aktiengesellschaft Raises Palantir Technologies (NYSE:PLTR) Price Target to $20.00

Palantir Technologies (NYSE:PLTR) had its price target lifted by Deutsche Bank Aktiengesellschaft from $18.00 to $20.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a sell rating on the stock.

Several other analysts also recently issued reports on PLTR. Raymond James raised their price target on Palantir Technologies from $22.00 to $25.00 and gave the stock an outperform rating in a report on Tuesday, February 6th. Jefferies Financial Group upgraded shares of Palantir Technologies from an underperform rating to a hold rating and upped their target price for the stock from $13.00 to $22.00 in a research report on Tuesday, February 6th. Wedbush reaffirmed an outperform rating and set a $35.00 price target on shares of Palantir Technologies in a report on Monday. Monness Crespi & Hardt raised Palantir Technologies from a sell rating to a neutral rating in a report on Friday, April 26th. Finally, Citigroup raised shares of Palantir Technologies from a sell rating to a neutral rating and upped their price objective for the stock from $10.00 to $20.00 in a report on Tuesday, February 6th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $20.65.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $21.41 on Tuesday. Palantir Technologies has a 12 month low of $7.59 and a 12 month high of $27.50. The company has a fifty day moving average price of $23.40 and a two-hundred day moving average price of $20.31. The company has a market cap of $47.36 billion, a PE ratio of 237.86, a P/E/G ratio of 5.72 and a beta of 2.76.

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

Insider Activity

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total value of $440,400.00. Following the transaction, the director now directly owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 1,595,519 shares of the company’s stock, valued at $35,133,328.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 150,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $24.00, for a total value of $3,600,000.00. Following the transaction, the insider now owns 181,460 shares in the company, valued at $4,355,040. The disclosure for this sale can be found here. Insiders have sold a total of 7,356,273 shares of company stock worth $182,143,602 in the last ninety days. Corporate insiders own 13.96% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

A number of large investors have recently added to or reduced their stakes in PLTR. Pursue Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $1,741,000. Qsemble Capital Management LP bought a new position in Palantir Technologies during the third quarter worth $1,178,000. Trexquant Investment LP acquired a new position in Palantir Technologies during the 3rd quarter valued at $4,446,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Palantir Technologies by 10.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock valued at $20,549,000 after purchasing an additional 116,220 shares during the period. Finally, Victory Capital Management Inc. grew its position in Palantir Technologies by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 684,953 shares of the company’s stock worth $10,959,000 after purchasing an additional 25,787 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

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.