Palantir Technologies (NASDAQ:PLTR) Insider Sells $159,026.56 in Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total transaction of $159,026.56. Following the sale, the insider owned 43,108 shares of the company’s stock, valued at approximately $5,564,380.64. This trade represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jeffrey Buckley also recently made the following trade(s):

  • On Friday, February 20th, Jeffrey Buckley sold 2,704 shares of Palantir Technologies stock. The shares were sold at an average price of $133.72, for a total transaction of $361,578.88.

Palantir Technologies Price Performance

PLTR traded down $1.76 during trading on Tuesday, hitting $128.84. The company’s stock had a trading volume of 47,000,687 shares, compared to its average volume of 59,048,212. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The stock has a market cap of $307.08 billion, a PE ratio of 204.51, a PEG ratio of 2.51 and a beta of 1.64. The firm’s 50 day moving average price is $162.65 and its 200-day moving average price is $170.75.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $0.14 earnings per share. The business’s revenue for the quarter was up 70.0% on a year-over-year basis. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Key Stories Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PLTR shares. Phillip Securities assumed coverage on shares of Palantir Technologies in a research report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 target price on the stock. Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a research note on Thursday, January 22nd. UBS Group dropped their price objective on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Piper Sandler reiterated an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, Morgan Stanley boosted their price target on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $191.05.

View Our Latest Stock Analysis on PLTR

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds have recently modified their holdings of the stock. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC boosted its stake in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Capstone Wealth Management Group LLC grew its holdings in Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Palantir Technologies by 36.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after buying an additional 1,694 shares during the period. Finally, AlphaQuest LLC acquired a new position in Palantir Technologies in the 2nd quarter worth $50,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Company Profile

(Get Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Insider Buying and Selling by Quarter for Palantir Technologies (NASDAQ:PLTR)

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