Palantir Technologies (NASDAQ:PLTR) Price Target Lowered to $100.00 at DA Davidson

Palantir Technologies (NASDAQ:PLTR) had its price target cut by analysts at DA Davidson from $105.00 to $100.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target would suggest a potential upside of 6.92% from the stock’s current price.

A number of other brokerages have also commented on PLTR. Bank of America increased their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 target price on shares of Palantir Technologies in a report on Wednesday, March 5th. Royal Bank of Canada upped their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. UBS Group boosted their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Citigroup increased their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $74.95.

Palantir Technologies Stock Up 5.6 %

PLTR stock traded up $4.98 during midday trading on Monday, hitting $93.53. The company’s stock had a trading volume of 104,589,460 shares, compared to its average volume of 71,622,827. The firm has a market capitalization of $219.36 billion, a price-to-earnings ratio of 492.29, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The company has a 50 day moving average of $92.81 and a two-hundred day moving average of $73.27. Palantir Technologies has a 12 month low of $20.33 and a 12 month high of $125.41.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the sale, the director now owns 184,617 shares in the company, valued at $15,993,370.71. This represents a 3.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,989,975 shares of company stock worth $253,328,090. Insiders own 12.93% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently modified their holdings of the company. Sunbelt Securities Inc. raised its position in shares of Palantir Technologies by 700.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,960 shares of the company’s stock worth $73,000 after acquiring an additional 1,715 shares in the last quarter. M&T Bank Corp lifted its position in shares of Palantir Technologies by 37.0% during the 3rd quarter. M&T Bank Corp now owns 170,043 shares of the company’s stock worth $6,326,000 after buying an additional 45,965 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at $347,000. Wilmington Savings Fund Society FSB raised its stake in Palantir Technologies by 48.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company’s stock worth $652,000 after acquiring an additional 5,747 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in Palantir Technologies by 85.9% in the third quarter. Synovus Financial Corp now owns 17,898 shares of the company’s stock valued at $666,000 after acquiring an additional 8,270 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

About Palantir Technologies

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.