Palantir Technologies Inc. (NASDAQ:PLTR) Insider David A. Glazer Sells 30,812 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider David A. Glazer sold 30,812 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the transaction, the insider now owns 495,497 shares in the company, valued at approximately $62,625,865.83. This trade represents a 5.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $122.29 on Friday. The business has a 50 day simple moving average of $101.88 and a 200 day simple moving average of $87.09. Palantir Technologies Inc. has a 52-week low of $20.63 and a 52-week high of $133.49. The stock has a market cap of $286.81 billion, a price-to-earnings ratio of 643.67, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million during the quarter, compared to analysts’ expectations of $863.89 million. During the same period in the prior year, the business earned $0.08 EPS. Palantir Technologies’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PLTR. Bank of America upped their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Morgan Stanley boosted their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. William Blair set a $84.00 price objective on Palantir Technologies in a report on Wednesday, March 5th. Northland Securities boosted their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $83.95.

Institutional Trading of Palantir Technologies

A number of large investors have recently bought and sold shares of the business. Chelsea Counsel Co. boosted its position in Palantir Technologies by 42.3% during the 1st quarter. Chelsea Counsel Co. now owns 1,530 shares of the company’s stock worth $129,000 after acquiring an additional 455 shares during the last quarter. Indiana Trust & Investment Management Co boosted its position in Palantir Technologies by 404.5% during the 1st quarter. Indiana Trust & Investment Management Co now owns 1,690 shares of the company’s stock worth $143,000 after acquiring an additional 1,355 shares during the last quarter. McAdam LLC boosted its holdings in shares of Palantir Technologies by 78.4% in the 1st quarter. McAdam LLC now owns 12,159 shares of the company’s stock valued at $1,026,000 after buying an additional 5,344 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Palantir Technologies by 224.0% in the 1st quarter. Acadian Asset Management LLC now owns 554,978 shares of the company’s stock valued at $46,824,000 after buying an additional 383,677 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in shares of Palantir Technologies by 2.1% in the 1st quarter. IFM Investors Pty Ltd now owns 382,990 shares of the company’s stock valued at $32,324,000 after buying an additional 7,800 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.