Palantir Technologies (NYSE:PLTR) Hits New 52-Week High at $13.62

Palantir Technologies Inc. (NYSE:PLTR – Get Rating) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $13.62 and last traded at $13.58, with a volume of 22509400 shares traded. The stock had previously closed at $12.84.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Credit Suisse Group reissued a “neutral” rating and issued a $11.00 target price on shares of Palantir Technologies in a research note on Wednesday, February 15th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $5.00 target price on shares of Palantir Technologies in a research note on Thursday, February 23rd. The Goldman Sachs Group lowered their price target on shares of Palantir Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, February 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $6.00 to $7.00 in a research note on Tuesday, May 9th. Finally, DA Davidson began coverage on shares of Palantir Technologies in a report on Tuesday, February 28th. They issued a “neutral” rating and a $8.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.54.

Palantir Technologies Price Performance

The stock has a market cap of $29.73 billion, a PE ratio of -104.46, a PEG ratio of 4.30 and a beta of 2.85. The company has a 50 day moving average price of $8.83 and a two-hundred day moving average price of $7.95.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 29,887 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $12.15, for a total value of $363,127.05. Following the completion of the sale, the insider now owns 124,283 shares of the company’s stock, valued at approximately $1,510,038.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 29,887 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $12.15, for a total transaction of $363,127.05. Following the completion of the sale, the insider now directly owns 124,283 shares in the company, valued at approximately $1,510,038.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $7.85, for a total value of $54,950.00. Following the completion of the transaction, the director now directly owns 206,830 shares in the company, valued at $1,623,615.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 511,341 shares of company stock worth $5,586,327. Company insiders own 13.96% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Quilter Plc bought a new position in shares of Palantir Technologies in the 1st quarter valued at about $1,568,940,000. Scissortail Wealth Management LLC bought a new position in Palantir Technologies during the 1st quarter valued at about $1,002,250,000. Manchester Capital Management LLC purchased a new stake in Palantir Technologies in the 1st quarter worth about $28,000. Close Asset Management Ltd purchased a new stake in shares of Palantir Technologies in the first quarter worth approximately $28,000. Finally, Exos TFP Holdings LLC bought a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $35,000. 31.90% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Company Profile

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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.